FedEx Q4: Why The Stock Is A Hold After A 10% Earnings Jump
FDXFedEx(FDX) Seeking Alpha·2024-06-29 06:36
jxfzsy I last reported on FedEx (NYSE:FDX) late last March in an iREIT article, where I rated the stock as a hold. Despite rising nearly 15% following this week’s earnings report, the shares are still down single digits since that piece debuted. The latest earnings call provides evidence that FedEx is back on a growth path following several consecutive quarters of lackluster results. Even so, I’ll admit that I find the sudden surge in the share price a bit overdone. FDX is a solid dividend stock and a m ...