FedEx Corporation (FDX) is set to release its fourth-quarter fiscal 2024 (ended May 31, 2024) results on Jun 25, after market close. Some investors may be deliberating whether to purchase the stock of this transportation heavyweight before Jun 25 or wait for a better entry point. The Zacks Consensus Estimate for revenues is pegged at $22.12 billion, suggesting growth of 0.85% from the year-ago quarter's reported figure. The consensus mark for earnings is pegged at $5.34 per share, indicating an 8.1% rise fr ...

Analysts on Wall Street project that FedEx (FDX) will announce quarterly earnings of $5.34 per share in its forthcoming report, representing an increase of 8.1% year over year. Revenues are projected to reach $22.12 billion, increasing 0.9% from the same quarter last year. The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timefr ...

Wall Street expects a year-over-year increase in earnings on higher revenues when FedEx (FDX) reports results for the quarter ended May 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June 25. On the other ...

The most recent trading session ended with FedEx (FDX) standing at $250.06, reflecting a +1.47% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.77%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.95%. Shares of the package delivery company witnessed a loss of 4.21% over the previous month, beating the performance of the Transportation sector with its loss of 5.79% and underperforming the S&P 500's gain of 3.71%. The investment commu ...

FedEx (NYSE:FDX) layoffs are coming for employees in Europe as weak demand has the delivery company cutting thousands of jobs overseas. FedEx is going to be cutting between 1,700 and 2,000 jobs in Europe. The company is mostly focusing on back- office jobs with the cuts estimated to save it between $125 million and $175 million annually starting in fiscal 2027. FedEx expects the layoffs to take place over the next 18 months. It’s also looking at expenses of $250 million to $375 million related to these head ...

Shares of FedEx Corporation (FDX) performed well on the bourse on Jun 10, 2024, closing the trading session at $253.72 per share, up 2.42% from the previous day's closing. The upside was owing to the dividend hike announcement by FedEx’s board of directors. In a shareholder-friendly move, FDX’s board of directors has approved a dividend hike of 10%, thereby raising its quarterly cash dividend from $1.26 ($5.04 annualized) per share to $1.38 ($5.52 annualized). The raised dividend will be paid out on Jul 9, ...

Stefonlinton Summary FedEx Corporation (NYSE:FDX) is scheduled to report its Q4 fiscal year 2024 earnings on June 25th, after the market close. The stock has been decimated since the start of April, underperforming the S&P 500 by a wide margin year-to-date. However, I believe FedEx's stock is entering oversold territory due to short-term macro challenges and higher CAPEX associated with its cost-saving programs. Wall Street is estimating that FedEx's revenue growth will turn positive again over the next few ...

FedEx Corporation’s (FDX) cost-cutting initiatives are commendable. The announcement of DRIVE, a comprehensive program to improve the company’s long-term profitability, is impressive. However, weakness in FDX's largest segment, the Express unit, owing to volume-related woes is a major headwind. Factors Favoring FDX FedEx's efforts to control costs in the face of persistent revenue weakness are impressive. The announcement of DRIVE is expected to result in permanent savings of $1.8 billion this fiscal year a ...

FedEx Corporation (NYSE:FDX) Bernstein's 40th Annual Strategic Decisions Conference May 29, 2024 1:30 PM ET Company Participants Jeni Hollander - IR Raj Subramaniam - President, CEO, and Director Conference Call Participants David Vernon - Bernstein David Vernon All right. Good afternoon, everyone. Welcome to the first afternoon session. My name is David Vernon, I cover transports and airlines at Bernstein. We are thrilled to have for the first time in my 10 or 15 years covering the company, FedEx is joinin ...

FedEx Corporation (NYSE:FDX) Bernstein's 40th Annual Strategic Decisions Conference May 29, 2024 1:30 PM ET Company Participants Jeni Hollander - IR Raj Subramaniam - President, CEO, and Director Conference Call Participants David Vernon - Bernstein David Vernon All right. Good afternoon, everyone. Welcome to the first afternoon session. My name is David Vernon, I cover transports and airlines at Bernstein. We are thrilled to have for the first time in my 10 or 15 years covering the company, FedEx is joinin ...