Why I'm Not Buying The Dip In FedEx Stock [Seeking Alpha]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
Check Earnings Report
US:NYSE Investor Relations:
fedex.com/us/investorrelations
Company Research
Source: Seeking Alpha
12min Summary FedEx stock fell 11% after disappointing Q1 earnings and lowered guidance, but the sell-off may have been an overreaction, given the modest EPS guidance reduction. FedEx remains profitable, is focused on cost savings, and now trades at an attractive price for long-term investors. Despite the positives, FDX stock's relatively low ROIC and somewhat volatile free cash flows don't fit my investing style, prompting me to give the stock a Hold rating. A weakening economy is a key risk that can potentially cause FedEx to lower its guidance again in the near future. Wirestock/iStock Editorial via Getty Images FedEx ( NYSE: FDX ) stock fell by 11% in after-hours trading on September 19 after it released disappointing earnings results that missed expectations and brought along lowered guidance. But whether the 11% sell-off was justified is debatable. While EPS missed the mark by 24.5%, the forward EPS guidance was only lowered by 4.4% or 2.5% (depending on which EPS
Show less
Read more
Impact Snapshot
Event Time:
FDX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FDX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FDX alerts
High impacting FedEx Corporation news events
Weekly update
A roundup of the hottest topics
FDX
News
- FedEx Q1 Earnings & Revenues Lag Estimates, View Down [Yahoo! Finance]Yahoo! Finance
- 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