FedEx Corp. (FDX - Analyst Report) is a leading player in the field of global express delivery services. The company provides a broad portfolio of transportation, e-commerce and business services.
FedEX believes that rising e-commerce spending to generate strong business in ground shipments. FedEX is presently concentrating on network realignment to match the current demand level, and ramping up its performance to gain competitive edge over its peers. In addition, the company’s focus on buybacks to enhance shareholder value is also encouraging.
FedEx has a healthy track record with respect to earnings. The company has delivered positive earnings surprises in three of the last four quarters, with an average beat of 3.81%.
Zacks Rank : Currently, FedEx has a Zacks Rank #3 (Hold), but that could definitely change following FedEx’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings : FedEx’s fourth quarter fiscal 2015 (ended May 31, 2015) earnings per share (on an adjusted basis) of $2.66 per share fell short of the Zacks Consensus Estimate of $2.70. Earnings were up 4.7% on a year-over-year basis. The company’s earnings (excluding special items) in fiscal 2015 came in at $8.95 per share, in line with the Zacks Consensus Estimate.
Revenue : Quarterly revenues climbed 2.2% year over year to $12.1 billion but fell short of the Zacks Consensus Estimate of $12.39 billion. The company’s revenues in fiscal 2015 came in at $47.5 billion, short of the Zacks Consensus Estimate of $47.69 billion.
Key Stats : FedEx projects earnings per share for fiscal 2016 in the band of $10.60 to $11.10.The guidance range is within the Zacks Consensus Estimate of $10.88 per share.
Stock Price : The below par fourth quarter results disappointed investors and the stock was down 1.44% in pre-market trading at the time of writing.
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