FedEx (FDX - Free Report) just released its fourth-quarter fiscal 2018 financial results, posting adjusted earnings of $5.91 per share and revenues of $17.3 billion.
FedEx is currently a Zacks Rank #2 (Buy), which is subject to change based on today’s results. Shares of FDX are up 25% over the last year and have popped nearly 10% during the last 12 weeks. The shipping power’s stock did fall 1.99% to $258.41 per share on Tuesday prior to the release of its Q4 earnings results.
FedEx stock is currently up marginally in after-hours trading shortly after its earnings report was released.
FDX:
Beat earnings estimates. The company posted adjusted earnings of $5.91 per share, beating the Zacks Consensus Estimate of $5.72 per share.
Beat revenue estimates. The company saw revenue figures of $17.3 billion, topping our consensus estimate of $17.19 billion.
FedEx’s revenues jumped from $15.73 billion in the year-ago period. The company’s Q4 earnings soared from $4.25 per share.
For the full-year, FedEx reported revenues of $65.5 billion, which came in above our $65.41 billion estimate. Meanwhile, the company’s full-year adjusted earnings hit $15.31 per share. This also beat our estimate that called for earnings of $15.13 per share.
Looking ahead to fiscal 2019, FedEx is targeting revenue growth of roughly 9% and an operating margin of approximately 7.9%—against this year’s 6.5% operating margin. FedEx also expects capital spending to hit $5.6 billion. “We expect improved earnings, cash flows and returns this fiscal year and remain committed to improving operating income at the FedEx Express segment by $1.2 to $1.5 billion in fiscal 2020 versus fiscal 2017,” CFO Alan Graf said in a statement.
Here’s a graph that looks at FDX’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on FDX’s earnings report!
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FedEx (FDX - Free Report) just released its fourth-quarter fiscal 2018 financial results, posting adjusted earnings of $5.91 per share and revenues of $17.3 billion.
FedEx is currently a Zacks Rank #2 (Buy), which is subject to change based on today’s results. Shares of FDX are up 25% over the last year and have popped nearly 10% during the last 12 weeks. The shipping power’s stock did fall 1.99% to $258.41 per share on Tuesday prior to the release of its Q4 earnings results.
FedEx stock is currently up marginally in after-hours trading shortly after its earnings report was released.
FDX:
Beat earnings estimates. The company posted adjusted earnings of $5.91 per share, beating the Zacks Consensus Estimate of $5.72 per share.
Beat revenue estimates. The company saw revenue figures of $17.3 billion, topping our consensus estimate of $17.19 billion.
FedEx’s revenues jumped from $15.73 billion in the year-ago period. The company’s Q4 earnings soared from $4.25 per share.
For the full-year, FedEx reported revenues of $65.5 billion, which came in above our $65.41 billion estimate. Meanwhile, the company’s full-year adjusted earnings hit $15.31 per share. This also beat our estimate that called for earnings of $15.13 per share.
Looking ahead to fiscal 2019, FedEx is targeting revenue growth of roughly 9% and an operating margin of approximately 7.9%—against this year’s 6.5% operating margin. FedEx also expects capital spending to hit $5.6 billion. “We expect improved earnings, cash flows and returns this fiscal year and remain committed to improving operating income at the FedEx Express segment by $1.2 to $1.5 billion in fiscal 2020 versus fiscal 2017,” CFO Alan Graf said in a statement.
Here’s a graph that looks at FDX’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on FDX’s earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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