What to Expect From FedEx Earnings

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FedEx Corp. (NYSE: FDX) is scheduled to release its most recent quarterly results after the markets close on Tuesday. The consensus estimates are $3.88 in earnings per share (EPS) and $15.56 billion in revenue. The fiscal fourth-quarter of last year reportedly had $3.30 in EPS and $12.98 billion in revenue.

In its most recent quarter, the company saw a significant negative impact from fuel costs. Luckily these factors were partially offset by the benefits from yield growth at all the company’s transportation segments.

Also during this time FedEx reported its highest volumes ever, while achieving record service levels.

Management is confident going forward that it can expand its strategic investments, global scope and portfolio for greater long-term profitable growth.

The firm noted that during the next three years the benefits of TNT Express integration, fleet modernization, yield management, e-commerce growth and investments in network capabilities and efficiency will drive significant earnings growth.

A few analysts weighed in on FedEx ahead of earnings:

  • CIBC has an Outperform rating with a $229 price target.
  • Oppenheimer has an Outperform rating with a $229 price target.
  • Stifel has a Hold rating with a $216 price target.
  • Loop Capital has a Buy rating with a $234 price target.
  • BMO Capital Markets reiterated an Outperform rating with a $222 price target.
  • Raymond James has an Outperform rating.

So far in 2017, FedEx has outperformed the broad markets with the stock up 13%. Over the past 52 weeks, the stock is up even higher, posting a 30% gain in this time.

Shares of FedEx were last seen down 0.6% at $209.30 on Tuesday, with a consensus analyst price target of $221.40 and a 52-week range of $145.00 to $211.88.