Earnings Preview For FedEx
Portfolio Pulse from Benzinga Insights
FedEx (NYSE:FDX) is scheduled to release its quarterly earnings report on March 21, 2024. Analysts predict an EPS of $3.53. Investors are hopeful for a beat on this estimate and positive future guidance. Historical data shows a mixed impact of past earnings on stock price, with the last quarter missing EPS estimates leading to a 12.05% drop in share price. Shares are currently trading at $256.62, up 18.28% over the last year, indicating a generally positive outlook from long-term shareholders.
March 20, 2024 | 2:00 pm
News sentiment analysis
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FedEx is anticipated to report an EPS of $3.53 for the upcoming quarter. Historical performance shows significant price movements post-earnings, with a notable 12.05% drop after last quarter's miss. Shares have risen 18.28% over the past year, reflecting a positive long-term investor sentiment.
The anticipation of FedEx's earnings report and its historical impact on stock prices suggest a neutral short-term impact. While a beat on the EPS estimate and positive guidance could boost the stock, past performance indicates that misses can lead to significant drops. Given the stock's positive year-to-date performance, investor sentiment appears strong, but the outcome of the earnings report could sway prices in either direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100