FedEx Q1 EPS $4.55 Beats $3.74 Estimate, Sales $21.70B Miss $21.81B Estimate
Portfolio Pulse from Happy Mohamed
FedEx reported Q1 earnings of $4.55 per share, beating the analyst consensus estimate of $3.74 by 21.66%. This is a 32.27% increase from the same period last year. However, the company's quarterly sales of $21.70 billion missed the analyst consensus estimate of $21.81 billion by 0.50%, marking a 6.63% decrease from the same period last year.
September 20, 2023 | 8:04 pm
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NEUTRAL IMPACT
FedEx's Q1 earnings beat estimates but sales missed, indicating mixed financial performance.
The positive impact of the earnings beat is likely to be offset by the negative impact of the sales miss, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100