CNBC's Jim Cramer explains why he is keeping an eye on shares of FedEx.
FedEx (NYSE: FDX) is scheduled to report its fiscal Q1 2025 results on Thursday, September 19 (FedEx's fiscal year ends in May). We expect the company to post an upbeat quarter, driven by an overall improvement in volumes.
FedEx Corporation FDX is scheduled to release earnings results for its first quarter, after the closing bell on Thursday.
When FedEx reports after the close on Thursday, September 19, consensus is expecting revenue of $21.9 billion for the 2nd consecutive quarter of YoY growth of 1%. Last quarter, FedEx generated a consolidated operating margin of 8.6%, with Ground showing good volume and yield gains. FedEx is a cheap stock on a growth basis, with the 3-year average multiple ('25 to '27) of 12x currently.
Beyond analysts' top -and-bottom-line estimates for FedEx (FDX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended August 2024.
FedEx, United Parcel Service and Air Transport are included in this Analyst Blog.
FedEx (FDX) is set to report fiscal 2025 first-quarter earnings after the bell Thursday, with analysts expecting the shipping giant to post year-over-year revenue and profit gains.
Plus, Bank of Japan's rate decision and earnings from Ferguson and General Mills.
FedEx is undergoing a significant transformation under CEO Raj Subramaniam, aiming to cut costs and integrate its Express and Ground networks to improve efficiency. Despite facing competition from Amazon and low-cost operators, FedEx's strategic initiatives and cost-saving measures have boosted investor confidence, reflected in its stock performance. The company is focusing on high-margin areas like healthcare logistics, with promising growth prospects, and aims to return substantial capital to shareholders.
Economists believe the Federal Reserve will lower interest rates at its meeting this week, with the Wednesday announcement followed by a press conference with Chair Jerome Powell.
Revenue weakness due to lackluster demand is likely to have hurt FDX's first-quarter fiscal 2025 performance.
American stocks staged a strong recovery this week, erasing most of the losses made last week. The Dow Jones rose by almost 1% while the S&P 500 and Nasdaq 100 indices soared by over 1.8% and 2.58%, respectively.