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FedEx First Quarter Earnings Preview
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FDX
FedEx (NYSE:FDX) will release its first quarter earnings on Tuesday, September 18, 2012. Analysts have become increasingly bearish on the company over the last month, with the consensus analyst estimate slipping from $1.57 a share to the current prediction of earnings of $1.40 a share.
Earnings season is important to investors because it shows how much profit is left in the company's hand after deducting costs from revenue. SEE: Surprising Earnings Results
What to Expect: The consensus estimate is down from three months ago when it was $1.69. For the fiscal year, analysts are expecting earnings of $7.02 per share.
FedEx is expected to report revenue of $10.7 billion for the quarter, beating last year's figure of $10.52 billion by 1.7%. Revenue for the fiscal year is expected to come in at $44.35 billion.
Company Performance: The P/E ratio for FDX is 13.8, below the industry average of 18.32. A low P/E ratio may indicate that the market expects relatively slower earnings growth. A company's price/earnings ratio (P/E ratio) provides a measure of how expensive or cheap a stock is. From the investor's perspective, a stock with a lower ratio is relatively cheaper than a stock with a higher ratio. SEE: How To Find P/E And PEG Ratios
The stock price has risen from $87.63 on June 15, 2012 to $89.08 over the past quarter. FedEx's best recent streak was when its price gained $3.66 per share between July 25, 2012 and July 27, 2012.
The Competition: FedEx provides various transportation, e-commerce and business services. The majority of analysts (16 of 22) rate FedEx a buy. In the last three months, the number of buy ratings has increased slightly.
The company's closest competitor in the air courier industry is UPS (UPS). Analysts are more optimistic about FedEx than about UPS. Only 12 out of 20 analysts rate the latter a buy.
Earnings season is important to investors because it shows how much profit is left in the company's hand after deducting costs from revenue. SEE: Surprising Earnings Results
What to Expect: The consensus estimate is down from three months ago when it was $1.69. For the fiscal year, analysts are expecting earnings of $7.02 per share.
FedEx is expected to report revenue of $10.7 billion for the quarter, beating last year's figure of $10.52 billion by 1.7%. Revenue for the fiscal year is expected to come in at $44.35 billion.
Company Performance: The P/E ratio for FDX is 13.8, below the industry average of 18.32. A low P/E ratio may indicate that the market expects relatively slower earnings growth. A company's price/earnings ratio (P/E ratio) provides a measure of how expensive or cheap a stock is. From the investor's perspective, a stock with a lower ratio is relatively cheaper than a stock with a higher ratio. SEE: How To Find P/E And PEG Ratios
The stock price has risen from $87.63 on June 15, 2012 to $89.08 over the past quarter. FedEx's best recent streak was when its price gained $3.66 per share between July 25, 2012 and July 27, 2012.
The Competition: FedEx provides various transportation, e-commerce and business services. The majority of analysts (16 of 22) rate FedEx a buy. In the last three months, the number of buy ratings has increased slightly.
The company's closest competitor in the air courier industry is UPS (UPS). Analysts are more optimistic about FedEx than about UPS. Only 12 out of 20 analysts rate the latter a buy.
by
Investopedia Staff
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