FedEx Q4 Revenue Expected Higher, Post-Spinoff Execution and CFO Search in Focus
FDX sits 85% above its 52-week low of $174.012 on light trading volume (0.4× avg).
Summary
FedEx is scheduled to report Q4 earnings Tuesday, with analysts projecting higher revenue of $24.04 billion but a lower net income of $1.29 billion year-over-year. The market's primary focus will be on the company's execution of its core parcel business following the recent June 1st spin-off of FedEx Freight. Investors will also be looking for updates on the search for a new CFO and guidance on cost trimming and the outlook for the second half of the year.
At the time of this announcement, FDX was trading at $322.14 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $76.9B. The 52-week trading range was $174.01 to $345.37. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.