FedEx (FDX) closed at $158.07 within the newest buying and selling session, marking a -1.24% transf
FedEx (FDX) closed at $158.07 within the newest buying and selling session, marking a -1.24% transfer from the prior day. This variation lagged the S&P 500’s day by day lack of 0.86%. Elsewhere, the Dow misplaced 0.96%, whereas the tech-heavy Nasdaq misplaced 1.13%.
Coming into as we speak, shares of the bundle supply firm had gained 4.84% up to now month. In that very same time, the Transportation sector gained 2.06%, whereas the S&P 500 gained 3.66%.
Wall Avenue can be in search of positivity from FDX because it approaches its subsequent earnings report date. That is anticipated to be December 17, 2019. On that day, FDX is projected to report earnings of $2.86 per share, which might symbolize a year-over-year decline of 29.03%. Our most up-to-date consensus estimate is looking for quarterly income of $17.58 billion, down 1.38% from the year-ago interval.
Trying on the full yr, our Zacks Consensus Estimates counsel analysts predict earnings of $12.11 per share and income of $69.72 billion. These totals would mark adjustments of -21.97% and +0.04%, respectively, from final yr.
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