FDX Earnings Expectations: Anticipated Rise of +43% to $4.86 per Share on June 20
FDX's Earnings Forecast: A Promising Outlook
Investors and analysts are eagerly awaiting FedEx Corporation's (FDX) earnings report, scheduled to be released on June 20. The company is expected to report a substantial increase in earnings per share, with estimates indicating a rise of +43% to $4.86. This positive forecast reflects the market's optimism regarding FDX's financial performance.
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Previous Earnings Report: Beating Expectations
In the last earnings report on February 28, FDX exceeded expectations by reporting earnings per share of $3.41, surpassing the estimated figure of $2.76. This positive surprise highlights the company's ability to outperform market expectations and suggests its strong operational performance.
Key Financial Ratios: Positioning and Comparison
Examining key financial ratios can provide insights into FDX's performance and its standing within the industry. The Price-to-Book (P/B) Ratio of 2.372 indicates that FDX's stock price is relatively in line with the industry average (17.268). Similarly, the Price-to-Earnings (P/E) Ratio of 20.080 falls within the range of comparable stocks (29.756), suggesting a reasonable valuation.
Projected Growth and Dividend Yield
The Projected Growth (PEG) Ratio, which combines earnings growth and valuation, stands at 1.402 for FDX, indicating that the stock's growth prospects are in line with industry norms (averaging 12.846). The Dividend Yield of 0.020, though lower than the industry average of 0.045, still reflects the company's commitment to returning value to shareholders.
Market Capitalization and Share Structure
With 3.21 million shares outstanding, FDX's current market capitalization is estimated to be $58.68 billion. This figure represents the total market value of all outstanding shares of the company's stock. Understanding the market capitalization helps provide a broader perspective on the size and scale of FDX within the market.
The upcoming earnings report for FedEx Corporation (FDX) is expected to reveal a significant increase in earnings per share, reflecting positive market sentiment. Key financial ratios and metrics demonstrate FDX's solid position within the industry, while its performance against expectations in the previous earnings report highlights its ability to outperform. Investors will eagerly await the release of the report to assess FDX's financial health and make informed investment decisions.
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FDX in downward trend: 10-day moving average crossed below 50-day moving average on September 06, 2023
The 10-day moving average for FDX crossed bearishly below the 50-day moving average on September 06, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on August 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FDX as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
FDX moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FDX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for FDX entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FDX advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
FDX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FDX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.374) is normal, around the industry mean (17.421). P/E Ratio (15.291) is within average values for comparable stocks, (23.077). Projected Growth (PEG Ratio) (1.076) is also within normal values, averaging (10.366). Dividend Yield (0.019) settles around the average of (0.043) among similar stocks. P/S Ratio (0.718) is also within normal values, averaging (1.192).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FDX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
provider of a broad portfolio of transportation, e-commerce and business services under the FedEx brand
Industry AirFreightCouriers
FDX and
Correlation & Price change
A.I.dvisor indicates that over the last year, FDX has been loosely correlated with XPO. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if FDX jumps, then XPO could also see price increases.
| Ticker / NAME | Correlation To FDX | 1D Price Change % | ||
|---|---|---|---|---|
| FDX | 100% | +4.52% | ||
| XPO - FDX | 63% Loosely correlated | -1.62% | ||
| UPS - FDX | 60% Loosely correlated | -1.40% | ||
| EXPD - FDX | 55% Loosely correlated | -1.60% | ||
| HUBG - FDX | 50% Loosely correlated | +0.11% | ||
| GXO - FDX | 49% Loosely correlated | -1.24% | ||
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