FedEx stock closes lower despite market gains, with upcoming earnings report projected.

From Nasdaq: 2024-05-24 18:15:09

FedEx (FDX) stock closed at $247.59, down -0.68% from previous session, trailing S&P 500 and Nasdaq gains. Shares have fallen 6.11% in the past month. Earnings report expected on June 25, 2024, with estimated EPS of $5.33 and revenue of $22.12 billion. Stock currently holds a Zacks Rank of #3 (Hold).

Industry experts anticipate FedEx to report EPS of $17.69 and revenue of $87.75 billion for the full year, projecting growth and changes from previous year. Investors should consider recent analyst revisions which impact stock prices. FedEx presently boasts a Forward P/E ratio of 14.09, below industry average.

Transportation – Air Freight and Cargo industry ranks in top 38%, with Zacks Industry Rank of 95. Top 50% rated industries outperform the bottom half by a factor of 2 to 1. Investors are advised to monitor key metrics affecting stocks in upcoming trading sessions.

A forthcoming Zacks report highlights stock investments for the upcoming presidential election, promising extreme upside opportunities for both political parties. Notable mentions include a medical manufacturer with a +11,000% gain in 15 years, rental and energy companies excelling in their sectors, and an aerospace and defense standout securing an $80 billion contract.



Read more at Nasdaq: FedEx (FDX) Stock Sinks As Market Gains: What You Should Know