Fedex Corp: Q4 2023 Earnings Call Preview

🌥️Fedex Corp is scheduled to report its fourth quarter earnings results on June 20, 2023 at 5:00 PM EST. The focus will be squarely on the company’s performance during the quarter and whether it met or exceeded the expectations of investors and analysts. In this article, we will analyze the fundamental and technical aspects of Fedex Corp‘s financials. We will also take a look at the historical guidance and the analysts’ estimates for the upcoming earnings call.

Fundamental Analysis:

Fedex Corp has been reporting strong financials in recent quarters. In the first three quarters of the current fiscal year, the company reported increasing net income and total revenue. The most recent quarter, Q3 2023, saw the company report a net income of $771 million on total revenue of $22.2 billion. This surpassed the previous quarter’s net income of $788 million on total revenue of $22.8 billion.

Furthermore, Fedex Corp has been delivering consistent earnings growth in recent years. The company’s diluted EPS has been increasing steadily over the past few years, with the most recent quarter seeing a diluted EPS of $3.05 per share. This is an increase from $2.13 per share in the fourth quarter of the previous fiscal year. The company’s EPS is expected to remain strong for the upcoming quarter.

Technical Analysis:

In terms of technical analysis, Fedex Corp‘s stock price has been on a bull run in recent months. Over the past three months, the stock has increased by 13.8%, with a change of 0.4% over the past day. The stock’s low for the period was $190.8 and its high was $235.8. The stock’s performance over the past month has been neutral, with a slight decline of 0.1%.

Looking at Fedex Corp‘s price chart, we can see that the stock has been trading in an uptrend for the past year. In fact, the stock price has been forming higher highs and higher lows, which is a bullish sign. The stock is currently trading above its 20-day and 50-day moving averages, which is another bullish indication. The stock has been delivering consistently strong performance, and it will be interesting to see if it continues in the upcoming quarter.

Historical Guidance:

Fedex Corp has been delivering strong financials in recent quarters, but the company’s historical guidance suggests that it may experience some volatility in the upcoming quarter. For example, the company’s net income for the fourth quarter of the previous fiscal year was $558 million on total revenue of $24.4 billion, which was a decline from the previous quarter’s net income of $1.1 billion on total revenue of $23.6 billion.

Despite the potential for volatility, investors and analysts are optimistic about Fedex Corp‘s prospects. The company has a track record of delivering strong performance, which is reflected in its historical financials. Investors will be closely watching to see if the company can continue to deliver consistent growth in the upcoming quarter.

Analysts Estimates:

The analyst community is eagerly awaiting Fedex Corp‘s earnings call to see if the company can meet or exceed expectations. According to MorningStar consensus estimates, the adjusted EPS estimate for the current quarter is $4.91 per share. This estimate has remained consistent over the past 7, 30 and 60 days. However, it reflects a significant increase from the 90-day estimate of $4.29 per share.

Despite this increase, analysts remain optimistic about Fedex Corp‘s prospects. The company has been posting consistent growth in recent quarters and is expected to deliver strong financials in the upcoming quarter. However, investors will need to pay close attention to any surprises or deviations from expectations in the company’s reported financials.

Conclusion:

Fedex Corp is one of the leading companies in the logistics and delivery sector. The company has been delivering strong financials in recent quarters and is expected to continue this trend in the upcoming quarter. Analysts are optimistic about the company’s prospects, and investors will be closely watching to see if the company can meet or exceed expectations.

With its stock trading in an uptrend and analyst expectations high, Fedex Corp‘s upcoming earnings call is one that investors cannot afford to miss. The call is scheduled for June 20, 2023 at 5:00 PM EST. Investors should tune in to hear the company’s performance for the quarter and any guidance for the future.