- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Investing Insights: Will New Apple Products Continue to PUMP UP Shares?
FedEx Corporation Earnings Cheat Sheet
Results: Net income for FedEx Corporation fell to $459 million ($1.45 per share) vs. $464 million ($1.46 per share) a year earlier. This is a decline of 1.1% from the year-earlier quarter.
Revenue: Rose 2.6% to $10.79 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: FedEx Corporation fell short of the mean analyst estimate of $1.58 per share. It fell short of the average revenue estimate of $11.13 billion.
Quoting Management: As we announced on September 4, weakness in the global economy constrained revenue growth at FedEx Express during our first quarter and affected our earnings,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. “Meanwhile, our FedEx Ground and FedEx Freight segments performed well, with both improving their year-over-year operating margins. We are taking further actions to reduce costs and adjust our networks to match current and anticipated shipment volumes.”
Revenue has increased for four consecutive quarters. Revenue increased 4.3% to $11.01 billion in the fourth quarter of the last fiscal year. The figure rose 9.3% in the third quarter of the last fiscal year from the year earlier and climbed 9.9% in the second quarter of the last fiscal year from the year-ago quarter.
The company’s net income has fallen in each of the last two quarters. In the fourth quarter of the last fiscal year, net income fell 1.4% from the year-earlier quarter.
The company fell short of forecasts after beating estimates in the previous two quarters. In the fourth quarter of the last fiscal year, it topped the mark by 7 cents, and in the third quarter of the last fiscal year, it was ahead by 19 cents.
Looking Forward: Over the past sixty days, the outlook for the company’s performance next quarter has become increasingly unfavorable. The average estimate for the second quarter is $1.79 per share, a drop from $1.85. Over the past sixty days, the average estimate for the fiscal year has reached $7.36 per share, a decline from $7.46.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories:
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.