FedEx Earnings Summary: P/E Still Cheap To Growth, Freight Spinoff Adds To Valuation Story
FedEx reported its fiscal Q4 '24 earnings results on June 25th after the closing bell, and the stock rose $39, or 15%, on June 26th on heavy volume. The potential spinning off of Freight, disclosed in the earnings release, is a potential additional catalyst for FedEx stock. FedEx's valuation story remains intact. Even with the 15% jump in stock price, the P/E remains quite reasonable to expected EPS growth, and price-to-sales is still below 1.0x, at 0.83x after Wednesday's close.
Should You Pick FedEx Stock At $300 After An Upbeat Q4?
FedEx stock (NYSE: FDX) saw a 15% rise on Wednesday, June 26, after it reported Q4'24 results (fiscal ends in May) better than the street estimates. FDX stock is up 17% year-to-date, compared to -12% returns for its peer – UPS stock.
FedEx Up Post Q4 Earnings Beat: What's Next for FDX Investors?
As FedEx (FDX) reports better-than-expected Q4 earnings per share, we perform an in-depth analysis to determine its current investment worthiness.
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Experts Expect Spinoff as FedEx Considers Future of Freight Unit
FedEx is reportedly expected to spin off its Freight unit after it conducts an assessment of the future of that business unit.
S&P 500 Gains and Losses Today: FedEx Stock Delivers Big Boost After Earnings Beat
Major U.S. equities indexes edged higher in the midweek session, led by outperformance in the consumer discretionary sector and tech stocks that continued to regain momentum.
FedEx (FDX) Q4 Earnings Surpass Estimates, Revenues Lag
FedEx's (FDX) fourth-quarter fiscal 2024 earnings improve year over year while revenues decline.
FedEx Q4 Results 'Solid,' 2025 Guidance 'Appropriate,' Freight Spinoff 'Tantalizing Opportunity For Investors': 7 Analysts Size Up Results, What's Next
Transportation company FedEx Corporation FDX was sized up by analysts after reporting fourth-quarter results that beat estimates.
FedEx: Why Did The Stock Price Soar?
FedEx beat analyst estimates in Q4 2024 on the top and bottom lines. Stock price reached $293 target, showing market outperformance. FedEx guided for a bullish FY25 with a strong outlook and DRIVE initiative outweighing headwinds.
Call Traders Target FedEx Stock After Earnings
The shares of FedEx Corporation (NYSE:FDX) are trading at nearly three-year highs today after earnings, last seen up 14.2% at $292.78.
FedEx Stock Jumps on Q4 Earnings Beat: ETFs Likely to Gain
FedEx (FDX) shares jumped more than 15% in after-market trading after the courier company outpaced earnings estimates and provided a strong earnings forecast for fiscal 2025.
Why FedEx Stock Is in the Fast Lane Today
FedEx beat top- and bottom-line estimates, and guided for fiscal 2025 earnings slightly above expectations. The company is also considering divesting its trucking unit.
