Earnings of the 24Jun24 - is FedEx a buy?
Earnings Calendar (24Jun24)
In the coming week, these are the earnings of interest: FedEx, Carnival, Micron, Nike and Jefferies.
Let us look at the earnings of FedEx in detail.
FedEx price has been ranging recently with a 1-year target estimate of $308.67. The 52-week range is between 224.69 to 291.27. The share price has gained 9.18% from a year ago.
Observations:
FedEx's revenue grew from $45.5 billion in 2014 to $90.1 billion in 2023
The operating profit grew from $3.8 billion in 2014 to $5.3 billion in 2023
FedEx’s EPS has almost doubled from $7.48 in 2014 to $15.48 in 2023.
Dividend per share has grown from $0.60 in 2014 to $4.60 in 2023.
For the coming earnings call, FedEx has a forecast of $5.34 and $22.05 billion for the EPS and revenue respectively. The EPS has been trending down in recent quarters and the revenue is fluctuating around $22 billion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
