FDX Oct 2024 250.000 call
- Yahoo Finance Video
FedEx results not indicative of broad macro recovery: Analyst
Parcel and freight delivery company FedEx (FDX) reported a fiscal fourth-quarter earnings beat on Tuesday, posting in-line revenue of $21.1 billion and adjusted earnings of $5.41 per share (expected $5.34 per share). FedEx's stock is moving higher in pre-market trading — and into Wednesday's regular session — off of its full-year 2025 guidance and announcing a $2.5 billion share buyback plan. CFRA Research Energy Equity Analyst and Deputy Research Director Stewart Glickman comments on the possibility of a FedEx Freight spinoff — hinted at by the company — and the FedEx's operating margins. "Transports have struggled, and I think one of the concerns that's affected this space is volumes [which] have really struggled to make any kind of traction. In the US business that continues to be a little bit of the case, where... FedEx's guidance for next year, revenue growth is only supposed to be... low to mid single-digit growth," Glickman tells the Morning Brief. "So we're not talking about a looming broad macro recovery." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
FedEx stock jumps on outlook, buyback plans
FedEx (FDX) reported fourth quarter earnings that topped Wall Street expectations. The shipping giant reported adjusted earnings of $5.41 per share compared to an estimate of $5.34. Revenue of $21.1 billion was in line with estimates. For the full year 2025, FedEx sees adjusted earnings per share in a range of $20.00 to $22.00 versus an expectation of $20.85. For revenue, the company expects low-to-mid single-digit percent growth year-over-year. FedEx also said it plans to repurchase up to $2.5 billion worth of shares in fiscal 2025. Pence Capital Management CIO Dryden Pence says there are a few things that are benefiting FedEx. He points to a re-acceleration in e-commerce and improved margins. He also likes the share buyback, saying that all those things are "positive trends" for the stock. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
- Investor's Business Daily
FedEx Earnings Top Expectations As Company Reviews Freight Segment
FedEx closed the door on the fiscal year late Tuesday with better-than-expected fourth-quarter earnings and revenue. The shipping heavyweight also gave initial fiscal 2025 guidance, as FedEx prepares for life without a contract with the United States Postal Service (USPS). FedEx reported fiscal fourth-quarter EPS growing 9.5% to $5.41 with revenue increasing 1% to $22.10 billion.
