FedEx Q4 EPS $4.94 Beats $4.89 Estimate, Sales $21.90B Miss $22.72B Estimate
Portfolio Pulse from Bill Haddad
FedEx reported Q4 earnings of $4.94 per share, beating the analyst consensus estimate of $4.89, but reported sales of $21.90B, missing the $22.72B estimate. This represents a 28.09% decrease in earnings and a 10.22% decrease in sales compared to the same period last year.
June 20, 2023 | 8:03 pm
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FedEx's Q4 earnings beat estimates, but sales missed expectations, resulting in a decrease in both earnings and sales compared to last year.
FedEx's Q4 earnings beat analyst estimates, which could have a positive impact on the stock price. However, the missed sales estimate and the decrease in both earnings and sales compared to last year could offset the positive sentiment, resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100