A Preview Of FedEx's Earnings
Portfolio Pulse from Benzinga Insights
FedEx (NYSE:FDX) is scheduled to release its quarterly earnings report on December 19, 2023. Analysts predict an EPS of $4.19. Investors are looking for an earnings beat and positive guidance for the next quarter. FedEx's stock performance has been strong, with shares up 72.19% over the last 52 weeks, trading at $281.29 as of December 15. Historical data shows that the company's share price reacts positively to earnings beats and guidance.
December 18, 2023 | 2:00 pm
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FedEx is anticipated to report an EPS of $4.19 in its upcoming earnings, with investors focusing on both the earnings results and forward guidance. The stock has seen a 72.19% increase over the past year, indicating a positive trend ahead of the earnings release.
Given FedEx's past performance, where earnings beats have led to positive stock price movements, and the overall positive trend in the stock price over the past year, there is a high likelihood of a positive short-term impact if the company reports an earnings beat and provides favorable guidance. However, the market's reaction can be unpredictable, and external factors could influence the stock's movement post-earnings.
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