Looking beyond Wall Street's top -and-bottom-line estimate forecasts for FedEx (FDX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended November 2024.
FedEx (FDX) is set to report its fiscal second-quarter earnings after the market closes Thursday, with analysts expecting another quarter showing a small decline in revenue before the shipping giant returns to growth.
The Federal Reserve is expected to cut interest rates on Wednesday. Plus, earnings reports from Birkenstock, Lennar, Micron, Accenture, Cintas, FedEx, and Nike.
The Federal Reserve will announce its latest decision on interest rates when it concludes its meeting on Wednesday, with investors widely anticipating the central bank to cut rates again. After the announcement, Fed Chair Jerome Powell will take media questions and will likely provide more details on the economy.
FedEx (FDX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Despite recent revenue declines and mixed profitability, FedEx remains a "buy" due to its attractive valuation and lower leverage compared to UPS. FedEx's DRIVE program aims for $4 billion in annual savings by 2025, with $2.2 billion forecasted for this year alone. The company's financial performance has been impacted by challenging macroeconomic conditions and a shift toward cheaper economic services.
As the holiday shopping season begins earlier and lasts longer, shipping costs are rising sharply, creating additional challenges for retailers and consumers alike as FedEx and UPS extend their surcharge windows this year. Retailers and businesses are struggling with rising costs, as shipping fees have already surged significantly in recent years.
FedEx (FDX) closed the most recent trading day at $296.69, moving -1.98% from the previous trading session.
Explore the exciting world of FedEx (FDX 1.73%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
The latest trading day saw FedEx (FDX) settling at $305.15, representing a +1.73% change from its previous close.
Workhorse (NASDAQ: WKHS), a leading innovator in zero-emission commercial vehicles, has delivered its W56 electric step van to NorthStar Courier, a FedEx (NYSE: FDX) Ground Contract Service Provider in Minneapolis, Minnesota. This marks the first deployment of the W56 by a FedEx Ground Service Provider outside California.
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