FedEx Corporation (NYSE:FDX) is reporting first quarter financial results on Tuesday 15th September 2020, after market close.
According to analysts surveyed by Thomson Reuters, FDX is expected to report 1Q21 income of $ 2.66 per share from revenue of $ 17548.30 million.
For the full year, analysts anticipate top line of $ 71995.90 million, while looking forward to income of $ 10.98 per share bottom line.
Previous Quarter Performance
FedEx Corporation outlined income for the fourth quarter of $ 2.53 per share, from the revenue of $ 17,400.00 million. The quarterly earnings down 49.50 percent while revenues decreased 2.29 percent compared with the same quarter last year.
Street analysts expected FedEx Corporation to report income of $ 1.57 per share on revenue of $ 16420.90 million for the fourth quarter. The bottom line results beat street analysts by $ 0.96 or 61.15 percent, at the same time, top line results outshined analysts by $ 979.10 million or 5.96 percent.
Stock Performance
Shares of FedEx Corporation traded up $ 3.55 or 1.53 percent on Monday, reaching $ 236.34 with volume of 6.36 million shares. FedEx Corporation has traded high as $ 241.00 and has cracked $ 232.57 on the downward trend
The closing price of $ 236.34, representing a 162.48 % increase from the 52 week low of $ 88.69 and a 3.41 % decrease over the 52 week high of $ 241.00.
The company has a market capital of $ 63.87 billion and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Recent Analyst recommendations
- On 13th August 2020, maintained by Citigroup at Buy rating, with $ 235.00 target price.
- On 10th August 2020, upgraded by Bernstein to Outperform from Market Perform rating.
Recent Stock Dividend Announcement
On August 14, 2020, the board of directors authorized quarterly dividend of $ 0.65 per share to holders of record as of the close of business on September 4, 2020, with payment date of October 1, 2020 and ex-dividend date on September 3, 2020.
Conference Call
FedEx Corporation will be hosting a conference call at 5:30 PM eastern time on 15th September 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fedex.com
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The companys FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
