FedEx Earnings Preview: Analysts Share Key Insights
FedEx Corporation's Upcoming Earnings Report
FedEx Corporation (NYSE: FDX) is preparing to unveil its earnings for the first quarter, much anticipation surrounds this event as it approaches. The earnings release is scheduled to happen after the closing bell on a Thursday.
Analysts' Earnings Estimates
Market analysts project that the global logistics leader will report earnings of approximately $3.64 per share for this quarter. This figure indicates a slight increase from the earnings reported during the same period last year, which were $3.60 per share. Furthermore, FedEx is expected to deliver quarterly revenue of $21.67 billion, a rise from $21.58 billion recorded in the previous year.
Recent Financial Results
In its previous quarter, FedEx announced impressive fourth-quarter revenue of $22.2 billion, successfully surpassing analysts' expectations of $21.84 billion. The company also reported adjusted earnings of $6.07 per share, which exceeded the expected $5.87 per share, showcasing its strong operational performance in a challenging market.
Current Performance Insights
In terms of market activity, FedEx shares experienced a modest increase of 0.9%, closing at $227.70 recently. This increase reflects a growing confidence among investors as they await the earnings report.
Analyst Ratings Overview
As the earnings date draws near, many analysts have revised their ratings for FedEx based on recent market evaluations:
- B of A Securities analyst recently downgraded the stock from Buy to Neutral, adjusting the price target from $245 to $240 according to current evaluations.
- JP Morgan maintained an Overweight rating but slightly reduced the price target from $290 to $285.
- UBS reiterated its Buy rating while lowering the price target from $297 to $293, showcasing confidence in the long-term prospects of the company.
- Citigroup also affirmed a Buy rating, reducing their target from $278 to $275, indicating a cautious approach amid market fluctuations.
- Raymond James maintained an Outperform rating and revised down its price target from $275 to $260, reflecting a strong expectation for growth.
Buying Interest in FedEx Stock
For investors considering the purchase of FedEx (FDX) stock, understanding viewpoints from current analysts is essential. The overall sentiment appears mixed, with various analysts weighing potential risks and rewards ahead of the earnings announcement.
Frequently Asked Questions
What is the expected earnings per share for FedEx this quarter?
Analysts expect FedEx to report earnings of approximately $3.64 per share for this quarter.
When will FedEx's quarterly earnings be released?
FedEx's earnings report is scheduled to be released after the market closes on a Thursday.
What revenue is FedEx projected to generate for the quarter?
FedEx is projected to generate revenue of around $21.67 billion for this quarter.
How did FedEx perform in the last reported quarter?
FedEx reported a fourth-quarter revenue of $22.2 billion, exceeding analysts' expectations.
What are current analyst opinions on FedEx stock?
Analysts have provided mixed ratings, with some decreasing their price targets while maintaining a Buy or Outperform stance on the stock.
About The Author
Contact Dominic Sanders privately here. Or send an email with ATTN: Dominic Sanders as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.