On Tuesday, September 15, FedEx FDX will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
Based on management's projections, FedEx analysts model for earnings of $2.66 per share on sales of $17.55 billion. FedEx earnings in the same period a year ago was $3.05 per share. Quarterly sales came in at $17.05 billion. The Wall Street estimate would represent a 12.79% decline in the company's earnings per share. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2020 | Q3 2020 | Q2 2019 | Q1 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.52 | 1.43 | 2.84 | 3.17 |
| EPS Actual | 2.53 | 1.41 | 2.51 | 3.05 |
| Revenue Estimate | 16.49 B | 17.07 B | 17.69 B | 17.07 B |
| Revenue Actual | 17.40 B | 17.49 B | 17.32 B | 17.05 B |
Stock Performance
Over the last 52-week period, shares are up 36.47%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. FedEx is scheduled to hold the call at 17:30:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.fedex.com%2Fnews-and-events%2Fupcoming-events%2Fevent-details%2F2020%2FFedEx-Q1-FY21-Earnings-Call%2Fdefault.aspx&eventid=2604425&sessionid=1&key=23AD10E9EF8F3F4402772BD1820E15B0®Tag=&sourcepage=register
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
