FedEx (FDX) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - FedEx is expected to report a year-over-year increase in earnings and revenues, but actual results compared to estimates will significantly impact stock price movements [1][2]. Earnings Expectations - The consensus estimate for FedEx's quarterly earnings is $5.34 per share, reflecting an 8.1$22.12 billion, which is a 0.9% increase from the previous year [2]. Estimate Revisions - The consensus EPS estimate has been revised 0.91% higher in the last 30 days, indicating a reassessment by analysts [2]. - The Most Accurate Estimate for FedEx is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.54%, suggesting a bearish outlook from analysts [5][6]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [4]. - FedEx currently holds a Zacks Rank of 3, which complicates the prediction of an earnings beat due to the negative Earnings ESP [5][6]. Historical Performance - In the last reported quarter, FedEx had an earnings surprise of +10.60%, beating the expected earnings of $3.49 per share by reporting$3.86 [7]. - Over the last four quarters, FedEx has beaten consensus EPS estimates three times [7]. Conclusion - FedEx does not appear to be a compelling candidate for an earnings beat based on current estimates and rankings, but other factors should also be considered by investors [8].