Should You Buy The Dip In FedEx Stock?

Overall POWR Rating: B (Buy)

FDX is rated “Buy” due to its impressive financials, short-and-long-term bullishness, solid price momentum, and underlying industry strength as determined by the four components of our overall POWR Rating.

Bottom Line

FDX is well-positioned to soar despite gaining 78.5% over the past year. The company should witness enormous strides in the upcoming months as it is in the middle of the holiday delivery season, while at the same time, hauling COVID-19 vaccines around the world.

Analyst sentiment, which gives a good sense of a stock’s future price movement, is pretty impressive for FDX. It has an average broker rating of 1.52, indicating favorable analyst sentiment. Out of 25 Wall Street analysts that rated the stock, 9 rated it a “Strong Buy.” The consensus EPS estimate of $3.33 for the current quarter ending February 2021 indicates a 136.2% improvement year-over-year. Moreover, FDX has an impressive earnings surprise history with the company beating the EPS estimates in each of the trailing four quarters. The consensus revenue estimate of $19.86 billion for the current quarter indicates a 13.6% increase from the same period last year.

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