FedEx: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
FedEx (NYSE:FDX) reported Q2 earnings with an EPS of $3.99, missing the estimate of $4.19 by 4.77%. Revenue also declined by $614 million compared to the same period last year. Despite beating EPS estimates last quarter, which led to a share price increase, this quarter's miss may concern investors.
December 19, 2023 | 9:15 pm
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NEGATIVE IMPACT
FedEx reported a lower-than-expected Q2 EPS of $3.99, missing estimates by 4.77%, and a year-over-year revenue decline. This performance contrasts with last quarter's EPS beat and subsequent share price rise.
FedEx's earnings miss is likely to negatively impact investor sentiment in the short term, especially considering the positive reaction to last quarter's earnings beat. The year-over-year revenue decline further compounds concerns about the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100