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FedEx (FDX) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research
Updated

FedEx (FDX) closed the most recent trading day at $166.34, moving +1.6% from the previous trading session. This change outpaced the S&P 500's 0.97% gain on the day. At the same time, the Dow added 1.35%, and the tech-heavy Nasdaq gained 1.39%.

Heading into today, shares of the package delivery company had lost 2.67% over the past month, lagging the Transportation sector's loss of 1.23% and the S&P 500's gain of 0.64% in that time.

FDX will be looking to display strength as it nears its next earnings release, which is expected to be June 25, 2019. The company is expected to report EPS of $4.89, down 17.26% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $17.86 billion, up 3.14% from the year-ago period.

Investors might also notice recent changes to analyst estimates for FDX. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

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Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.4% lower. FDX is holding a Zacks Rank of #4 (Sell) right now.

In terms of valuation, FDX is currently trading at a Forward P/E ratio of 10.04. This valuation marks a discount compared to its industry's average Forward P/E of 13.12.

Meanwhile, FDX's PEG ratio is currently 0.79. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Transportation - Air Freight and Cargo stocks are, on average, holding a PEG ratio of 1.18 based on yesterday's closing prices.

The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 19% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow FDX in the coming trading sessions, be sure to utilize Zacks.com.

Click to get this free report FedEx Corporation (FDX) : Free Stock Analysis Report To read this article on Zacks.com click here.