FedEx Set To Report Earnings Wednesday, Options Market Implies Over 5% Move
Portfolio Pulse from Lisa Levin
FedEx Corporation (NYSE:FDX) is set to release its quarterly results on Sept. 20. The options market is implying a move of +/-5.1% by the end of the week following the earnings release. Analysts are expecting FedEx to have earned $3.74 per share on revenue of $21.81 billion for the latest quarter. FedEx shares rose 0.3% to close at $249.99 on Tuesday, and added another 0.2% in today's pre-market trading session.
September 20, 2023 | 1:05 pm
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FedEx is expected to report earnings of $3.74 per share on revenue of $21.81 billion. The options market is implying a significant move in the stock price following the earnings release.
The options market is implying a significant move in FedEx's stock price following the earnings release, indicating high investor interest and potential volatility. The actual impact will depend on whether the company meets, exceeds, or falls short of analyst expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100