FedEx Q2 Earnings Surpass Estimates, Revenues Lag, View Revised [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 (excluding $1.02 from non-recurring items) of $4.05 per share beat the Zacks Consensus Estimate of $3.90 and improved 1.5% year over year. Revenues of $21.9 billion fell short of the Zacks Consensus Estimate of $22 billion and fell 0.8% from the year-ago fiscal quarter's reported figure. Quarterly results were unfavorably affected by the lower-than-expected FedEx Freight revenue and profit, as sustained weakness in U.S. industrial production continued to weigh on less-than-truckload industry demand. The lower FedEx Freight results were offset by cost reduction benefits at Federal Express from DRIVE program initiatives and higher base yields at each transportation segment. Operating income, on a reported basis, decreased 18% to $1.05 billion from the year-ago fiscal quarter's reported number. Operating margin fell to 4.8% from 5.8% in the year-ago reported quarter. Operating expenses (reported basis) increased marginally by 0.1% to $20.9 billion. FedEx Corpo
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News
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at Raymond James from $305.00 to $320.00. They now have an "outperform" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at BMO Capital Markets from $300.00 to $330.00. They now have a "market perform" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) had its price target lowered by analysts at Stephens from $350.00 to $345.00. They now have an "overweight" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at Bank of America Co. from $325.00 to $348.00. They now have a "buy" rating on the stock.MarketBeat
- A stand-alone FedEx Freight gives LTL investors another pure play [Yahoo! Finance]Yahoo! Finance
FDX
Earnings
- 12/19/24 - Beat
FDX
Sec Filings
- 12/19/24 - Form IRANNOTICE
- 12/19/24 - Form 10-Q
- 12/19/24 - Form 8-K
- FDX's page on the SEC website