FedEx Corporation (FDX) Earnings: What To Watch For
With FedEX Corporation (NYSE:FDX) shares trading near all-time-highs, investors will be closely watching the company’s fiscal third quarter earnings, coming out on Tuesday. FDX has been a big mover following its earnings releases. Over the past few years, the company exceeded market-expectations most of the times; however, it fell-short of both earnings and revenue expectations in the previous quarter. But that did not discourage investors, who have been bidding-up the stock, impressed by its growing earnings and strong outlook, based on analysts’ forecasts. Sell-side analysts are expecting EPS and revenue of $2.62 and $14.99 billion for the quarter. That compares to a-year-ago quarter’s reported EPS of $2.51 and $14.65 billion in revenue. While acquisition of TNT in May last year will boost its results, organic growth would still be a key metric. Other factors to watch would be the impact on margins as crude oil prices staged a recovery of late and how a strengthening US dollar affected its top-line. Guidance for the fiscal fourth quarter and for the rest of 2017 would be key in investors deciding to book profits or choose to hold/buy for further growth.