FedEx Sees FY24 EPS $17-$18.50 Vs $17.5 Est.; Before The MTM Retirement Plans Accounting Adjustments After Also Excluding Costs Related To Business Optimization Initiatives, Compared To The Prior Forecast Of $16.50-$18.50
Portfolio Pulse from Benzinga Newsdesk
FedEx has updated its FY24 EPS forecast to $17-$18.50, compared to the prior forecast of $16.50-$18.50. This is before the MTM retirement plans accounting adjustments and excluding costs related to business optimization initiatives.
September 20, 2023 | 8:07 pm
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FedEx's updated FY24 EPS forecast could potentially lead to a positive market reaction, as it indicates better-than-expected profitability.
The updated EPS forecast by FedEx is higher than the previous one, indicating that the company expects better profitability in FY24. This could potentially lead to a positive market reaction, as it signals stronger financial performance than previously anticipated.
CONFIDENCE 90
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