FedEx
FedEx (FDX) closed at $163.25 within the newest buying and selling session, marking a -1.01% transfer from the prior day. This transfer was narrower than the S&P 500’s every day lack of 1.05%. On the similar time, the Dow misplaced 0.78%, and the tech-heavy Nasdaq misplaced 1.79%.
Previous to right now’s buying and selling, shares of the package deal supply firm had gained 6.48% over the previous month. This has outpaced the Transportation sector’s lack of 2.56% and the S&P 500’s achieve of 1.5% in that point.
Wall Avenue might be on the lookout for positivity from FDX because it approaches its subsequent earnings report date. That is anticipated to be March 17, 2020. On that day, FDX is projected to report earnings of $1.82 per share, which might characterize a year-over-year decline of 39.93%. In the meantime, our newest consensus estimate is looking for income of $17.19 billion, up 1.04% from the prior-year quarter.
FDX’s full-year Zacks Consensus Estimates are calling for earnings of $10.82 per share and income of $69.23 billion. These outcomes would characterize year-over-year modifications of -30.28% and -0.66%, respectively.
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