FedEx reported their fiscal Q1 '25 earnings release - they missed on just about every major metric and lowered guidance as well. Revenue growth, which has been the issue for the last 6 quarters, was flat y-o-y, and that has to improve. The stock is still trading at an 11x “average” multiple using EPS estimates updated after Thursday's results, which reflect an expected average 13% growth rate for the next three years.
Will interest rate loosening trump prior tightening?
FedEx has helped kick off the Q3 earnings season, with its report reflecting one of the earlier that we still count in the overall Q3 tally. We still have a few weeks until the big banks unveil their quarterly results, really ushering in the period in a big way.
Shares of FedEx Co. NYSE: FDX have recently sold off by as much as 18% from their recent highs to trade at a much lower 81% of their 52-week high. As Wall Street defines a bear market as a 20% or more selloff from recent highs, FedEx is now in an official bear market, causing most to stay away from the company and others to watch it all the more.
FedEx Corp (NYSE: FDX) tanked as much as 15% on Friday after reporting a steep decline in quarterly profit that missed Street estimates. The logistics company also lowered its full-year earnings guidance from $21 a share to $20.
JPMorgan's (NYSE: JPM) famous CEO Jamie Dimon recently said the US economy should not count on a soft landing.
Though Q3 expectations have been revised lower, the expectation overall is for an accelerating growth trend over the coming periods.
Major U.S. equities indexes were mixed on the final day of a trading week that saw the financial headlines dominated by the latest Federal Reserve policy meeting.
FDX's first-quarter fiscal 2025 earnings and revenues decline year over year.
FedEx (FDX) shares plunged 15% Friday, a day after the package delivery giant missed quarterly estimates and reduced its forecast as it faced what Chief Executive Officer (CEO) Rajesh Subramaniam called a "challenging Q1 demand environment," especially in the U.S.
FedEx Corp FDX has hit a rough patch, with its recent quarterly results leaving investors concerned. The stock plummeted over 15% during midday trading on Friday on the earnings news, wiping out gains made during this past quarter.
Shares of FedEx Corp FDX tanked climbing in early trading on Friday, after the company reported downbeat results for its fiscal first quarter.