From Nasdaq: 2024-06-24 00:05:48

FedEx (NYSE: FDX) is set to announce its fiscal Q4 results on June 25, with revenue and earnings expected to beat estimates. The stock is likely to trade higher post-announcement. Despite lackluster stock performance in recent years, FedEx’s cost reduction efforts and stable volume should drive growth.

The Trefis High Quality Portfolio has consistently outperformed the S&P 500 over recent years, highlighting better returns with less risk. With uncertainty in the macroeconomic environment, FedEx’s valuation suggests potential growth. In Q3’24, FedEx saw a slight y-o-y revenue decline but improved margins. Expectations for Q4 include revenue growth and improved earnings.

FedEx is expected to report around $22.2 billion in revenue for the latest quarter, with a slight y-o-y increase and stable average daily volumes. Cost-cutting measures are likely to boost adjusted earnings to $5.40, reflecting 9% growth. Despite challenges, FedEx is poised for an upbeat Q4 with margin expansion and market share gains. Peers like CAT, UNP, GOOG, TSLA, and MSFT show mixed performance in comparison.

While FDX stock may see higher levels, comparing with peers across industries provides valuable insights. The Trefis Reinforced Value Portfolio has delivered strong cumulative returns since 2016. For market-beating portfolios and price estimates, explore Trefis offerings for informed investment decisions.



Read more at Nasdaq: Should You Pick FedEx Stock At $250 Ahead of Q4 Results?