FedEx Up Post Q4 Earnings Beat: What's Next for FDX Investors? [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
The massive northward movement was owing to the better-than-expected earnings per share reported by the package delivery company. Apart from the earnings beat, management issued a favorable earnings forecast for fiscal 2025. This, too, pleased investors leading to the double-digit stock price appreciation. Highlights of Q4 Earnings FedEx's fourth-quarter fiscal 2024 earnings per share (excluding 53 cents from non-recurring items) of $5.41 beat the Zacks Consensus Estimate of $5.34 and improved 9.5% year over year. Results were aided by cost savings owing to the DRIVE initiative. Revenues of $22.109 billion fell marginally short of the Zacks Consensus Estimate of $22.115 billion but grew 0.8% from the year-ago quarter. Management expects a low-to-mid single-digit revenue growth (in percentage terms) year over year for fiscal 2025. The firm expects earnings per share between $18.25 to $20.25 before the MTM retirement plans accounting adjustments and $20 to $22 after excluding cost
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- FedEx Corporation (NYSE:FDX) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at Argus from $325.00 to $335.00. They now have a "buy" rating on the stock.MarketBeat
- FedEx (FDX) Q4 Earnings Surpass Estimates, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- FedEx Review Could Lead to Sale of LTL Biz [Yahoo! Finance]Yahoo! Finance
FDX
Earnings
- 6/25/24 - Beat
FDX
Sec Filings
- 6/28/24 - Form 4
- 6/28/24 - Form 4
- 6/28/24 - Form 4
- FDX's page on the SEC website