In the latest market close, FedEx (FDX) saw a -1.16% movement, closing at $271.18. Despite this, the stock outperformed the S&P 500’s daily loss of 0.28%. Over the last month, FDX shares rose by 5.18%, surpassing the Transportation sector’s loss of 1.78% and the S&P 500’s gain of 0.41%.

Investors eagerly await FedEx’s upcoming earnings report on December 19, 2024. Analysts anticipate earnings of $3.88 per share, a 2.76% decline year-over-year. Revenue estimates stand at $22.19 billion, a 0.13% increase. Full-year estimates predict earnings of $19.60 per share and revenue of $88.7 billion.

Analyst estimates for FedEx play a crucial role in stock price performance. Upbeat changes in estimates signal positive outlooks. The Zacks Rank system, with FDX currently at #3 (Hold), has historically produced strong returns. The stock’s Forward P/E ratio of 14 and PEG ratio of 1.1 indicate favorable valuations within the industry.

Zacks Research Chief highlights a top stock pick expected to double in value, targeting millennial and Gen Z audiences. This company generated nearly $1 billion in revenue last quarter. A recent pullback presents an opportune time to invest. For more stock recommendations and analysis, visit Zacks.com.

Read more at Nasdaq: FedEx (FDX) Declines More Than Market: Some Information for Investors