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Mar 20, 2019

FedEx (FDX, $172.10) faces international roadblock to revenue

FedEx is challenged by deteriorating international sales, on account of unfavorable exchange rate moves coupled with global trade tensions.

Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer, indicated that foreign economies’ sluggish growth and international trade disruptions are posing headwinds to the package delivery service company’s overseas revenues.

On Tuesday, FedEx reported its third quarter revenue of $17.01 billion, missing analysts’ estimates of $17.67 billion.

The company’s earnings for the quarter came in at $3.03 per share, which fell short of analysts’ expectation of $3.11 per share (based on Refinitiv poll). Earnings were also lower from the year-ago quarter’s $3.72 per share. Furthermore, the company slashed its full-year 2019 earnings guidance to a range of $15.10 and $15.90 per share, compared with analysts’ forecast of $15.97 (based on Refinitiv data).

According to Graf , FedEx has embarked upon a voluntary employee buyout program to tackle the pressure from slowing international business. Additionally, the company is constraining hiring and curbing discretionary spending, as indicated by Graf.

 

Related Ticker: FDX

FDX sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for FDX moved below the 200-day moving average on February 28, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

FDX broke above its upper Bollinger Band on February 29, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for FDX entered a downward trend on February 28, 2024. 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 Momentum Indicator moved above the 0 level on February 28, 2024. You may want to consider a long position or call options on FDX as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for FDX just turned positive on February 21, 2024. Looking at past instances where FDX's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

FDX moved above its 50-day moving average on February 29, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FDX advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

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 (2.303) is normal, around the industry mean (17.355). P/E Ratio (14.626) is within average values for comparable stocks, (21.311). Projected Growth (PEG Ratio) (0.858) is also within normal values, averaging (11.032). Dividend Yield (0.020) settles around the average of (0.043) among similar stocks. P/S Ratio (0.711) is also within normal values, averaging (1.107).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock slightly better than average.

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 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.

Notable companies

The most notable companies in this group are United Parcel Service (NYSE:UPS), FedEx Corp (NYSE:FDX), C.H. Robinson Worldwide (NASDAQ:CHRW).

Industry description

The Air Freight/Couriers industry operates air transportation and recurring delivery services. This includes companies offering same-day deliveries, scheduled delivery and logistical services. The proliferation of e-commerce/online retail with a growing emphasis on faster delivery has expanded opportunities for this industry, and induced more competition. United Parcel Service, Inc., FedEx Corporation and Expeditors International of Washington, Inc. are some of the major companies in this industry.

Market Cap

The average market capitalization across the Air Freight/Couriers Industry is 10.79B. The market cap for tickers in the group ranges from 2.6M to 126.24B. UPS holds the highest valuation in this group at 126.24B. The lowest valued company is PTNYF at 2.6M.

High and low price notable news

The average weekly price growth across all stocks in the Air Freight/Couriers Industry was -2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was -10%. CYRX experienced the highest price growth at 13%, while SGLY experienced the biggest fall at -28%.

Volume

The average weekly volume growth across all stocks in the Air Freight/Couriers Industry was 41%. For the same stocks of the Industry, the average monthly volume growth was -24% and the average quarterly volume growth was 43%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 58
Price Growth Rating: 54
SMR Rating: 62
Profit Risk Rating: 77
Seasonality Score: 0 (-100 ... +100)
View a ticker or compare two or three
FDXDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

provider of a broad portfolio of transportation, e-commerce and business services under the FedEx brand

Industry AirFreightCouriers

Profile
Fundamentals
Details
Industry
Air Freight Or Couriers
Address
942 South Shady Grove Road
Phone
+1 901 818-7500
Employees
536000
Web
https://www.fedex.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FDX
1D Price
Change %
FDX100%
-0.95%
XPO - FDX
63%
Loosely correlated
+0.23%
UPS - FDX
51%
Loosely correlated
-0.13%
GXO - FDX
40%
Loosely correlated
-1.60%
LSTR - FDX
37%
Loosely correlated
-1.79%
HUBG - FDX
35%
Loosely correlated
-0.82%
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