Investors snap up FedEx bonds after strong earnings, strategic review of freight business
FedEx Corp.'s outstanding bonds saw net buying out of the gate on Wednesday, in a positive response to the company's better-than-expected fiscal fourth-quarter earnings and news of a strategic review of its freight business.
FedEx Stock Can Deliver a Fresh All-Time High This Year
FedEx's NYSE: FDX focus on efficiency in the face of troubled operating conditions is why this stock can set a fresh high this year. The fiscal Q4 results delivered exactly what the market wanted and more, suggesting momentum is building and guidance is cautious.
FedEx: Potential For $30 Billion In Value Being Unlocked Via Cost Savings And Volume Recovery
FedEx stock is up double-digits after its quarterly report, but it is still reasonably priced with good growth prospects and cost-saving initiatives. FedEx Freight can offer a good value-creation opportunity. The company has a positive revenue growth outlook with the normalization of eCommerce demand and inventory destocking ending.
FedEx Stock Delivers Best Day Since 2022—Shares Hit 3-Year High
FedEx shares paced Wednesday toward one of the biggest gains in the delivery giant's 46 years as a public company, after FedEx's quarterly earnings report brought investors the whole package.
FedEx cost cuts are delivering results, and potential freight spinoff is ‘tantalizing': analysts
FedEx Corp.'s ongoing cost-cutting efforts are delivering results, say analysts, who also welcome the package deliverer's strategic review of its freight business.
FedEx shares surge over 13% as investors welcome $1.8 b reduction in structural costs
FedEx Corp. shares surged over 13% in Wednesday's premarket session following the company's announcement of significant structural cost reductions for fiscal year 2024. Investors reacted positively to the news, which is part of FedEx's broader strategic initiative aimed at enhancing efficiency and profitability.
Watch These FedEx Price Levels as Stock Soars After Earnings Beat
Shares in package delivery giant FedEx (FDX) moved sharply higher ahead of Wednesday's opening bell after the company topped Wall Street's quarterly earnings estimates and provided an optimistic outlook, as it undergoes a broad cost-cutting plan.
How to Earn $500 a Month From FedEx Stock
Consider this: FedEx (NYSE: FDX ) is a gauge of the U.S. transportation market, and even of America's economic health. That's a deep thought, but it's not an exaggeration.
FedEx Adds Data-Driven Solutions as Volume Continues to Stabilize
FedEx saw its volume continue to stabilize during the quarter ending May 31 after experiencing year-over-year declines. In May, its FedEx Express U.S.
FedEx Corporation (FDX) Q4 2024 Earnings Call Transcript
FedEx Corporation (NYSE:FDX ) Q4 2024 Earnings Call Transcript June 25, 2024 5:00 PM ET Company Participants Jeni Hollander - VP of IR Raj Subramaniam - President and CEO Brie Carere - EVP, Chief Customer Officer John Dietrich - EVP and CFO Conference Call Participants Daniel Imbro - Stephens Inc. Scott Group - Wolfe Research Chris Wetherbee - Citigroup Conor Cunningham - Melius Research Ken Hoexter - Bank of America Brandon Oglenski - Barclays. Tom Wadewitz - UBS Jonathan Chappell - Evercore Jordan Alliger - Goldman Sachs Brian Ossenbeck - J.P.
Compared to Estimates, FedEx (FDX) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for FedEx (FDX) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
FedEx (FDX) Q4 Earnings Surpass Estimates
FedEx (FDX) came out with quarterly earnings of $5.41 per share, beating the Zacks Consensus Estimate of $5.34 per share. This compares to earnings of $4.94 per share a year ago.
