FedEx Q4 Earnings Preview: Share Buyback, Job Cuts, Eight Straight Revenue Misses Among Items To Watch
Portfolio Pulse from Chris Katje
FedEx Corporation (NYSE:FDX) is set to announce its Q4 financial results on June 25. Analysts expect revenue of $22.06 billion and EPS of $5.37. The company has missed revenue estimates for eight consecutive quarters but has beaten EPS estimates in seven of the last ten quarters. Key items to watch include job cuts, cost-saving measures, and a $5 billion share buyback plan.
June 24, 2024 | 7:00 pm
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FedEx is expected to report Q4 revenue of $22.06 billion and EPS of $5.37. The company has missed revenue estimates for eight consecutive quarters but has beaten EPS estimates in seven of the last ten quarters. Key items to watch include job cuts, cost-saving measures, and a $5 billion share buyback plan.
The anticipation of Q4 earnings, along with the company's ongoing cost-saving measures and share buyback plan, is likely to positively impact FedEx's stock price in the short term. Despite missing revenue estimates in the past, the company's ability to beat EPS estimates and its strategic initiatives could boost investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100