FedEx Q4 Earnings Preview: What Analysts Expect And How The Company Serves As A Bellwether For Economy
Portfolio Pulse from Chris Katje
FedEx Corp (NYSE: FDX) is set to report Q4 financial results, with analysts expecting earnings per share of $4.89 and revenue of $22.72 billion. The company's earnings report could serve as a bellwether for the overall economy, as FedEx's global role in shipping and delivery can indicate the health of the e-commerce market and small businesses.
June 20, 2023 | 4:32 pm
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FedEx is set to report Q4 earnings, with expectations of $4.89 EPS and $22.72 billion in revenue. The report could serve as an indicator of the overall economy and e-commerce market health.
FedEx's Q4 earnings report could serve as a bellwether for the overall economy, as its global role in shipping and delivery can indicate the health of the e-commerce market and small businesses. However, the short-term impact on the stock price is uncertain, as it depends on whether the company meets or exceeds analysts' expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
FedEx's Q4 earnings report could impact competitor United Parcel Services, Inc. (NYSE: UPS), as the two companies' stock prices are often correlated. UPS shares are up 1.4% YTD in 2023.
FedEx's Q4 earnings report could impact UPS's stock price, as the two companies are competitors in the shipping and delivery industry. However, the short-term impact on UPS's stock price is uncertain, as it depends on the market's reaction to FedEx's earnings report and any potential implications for the overall industry.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60