FedEx Q4 Earnings Surpass Estimates
FedEx (NYSE: FDX) came out with quarterly earnings of $5.41 per share, beating the Zacks Consensus Estimate of $5.34 per share. This compares to earnings of $4.94 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.31%. A quarter ago, it was expected that this package delivery company would post earnings of $3.49 per share when it actually produced earnings of $3.86, delivering a surprise of 10.60%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
FedEx, which belongs to the Zacks Transportation – Air Freight and Cargo industry, posted revenues of $22.11 billion for the quarter ended May 2024, missing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $21.93 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings …
Full story available on Benzinga.com