FedEx Q1 Earnings & Revenues Lag Estimates, View Down [Yahoo! Finance]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
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US:NYSE Investor Relations:
fedex.com/us/investorrelations
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Source: Yahoo! Finance
Quarterly earnings per share (EPS) (excluding 39 cents from non-recurring items) of $3.60 missed the Zacks Consensus Estimate of $4.82 and declined 20.8% year over year. Revenues of $21.6 billion fell short of the Zacks Consensus Estimate of $22.1 billion and fell 0.5% from the year-ago fiscal quarter's reported figure. Quarterly results were unfavorably impacted by the reduced demand for priority services and, increased demand for deferred services and constrained yield growth. Higher operating expenses and one less operating day also weighed on the reported quarter. These headwinds were partially offset by the reduction of structural costs from the company's DRIVE program initiatives. Operating income, on a reported basis, decreased 24% to $1.21 billion from the first quarter of fiscal 2024. Operating margin fell to 5.6% from 7.3% in the year-ago reported quarter. Operating expenses (reported basis) increased 2% year over year to $20.5 billion. Segmental Performance During
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FDX
News
- Why I'm Not Buying The Dip In FedEx Stock [Seeking Alpha]Seeking Alpha
- FedEx Co. (NYSE: FDX) had its price target lowered by analysts at BMO Capital Markets from $325.00 to $300.00. They now have a "market perform" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $350.00 price target on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) had its price target lowered by analysts at Stifel Nicolaus from $327.00 to $321.00. They now have a "buy" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) had its price target lowered by analysts at Susquehanna from $345.00 to $330.00. They now have a "positive" rating on the stock.MarketBeat
FDX
Earnings
- 9/19/24 - Miss
FDX
Sec Filings
- 9/19/24 - Form 10-Q
- 9/19/24 - Form 8-K
- 9/3/24 - Form 8-K
- FDX's page on the SEC website