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The Best Options Trade for FedEx (FDX) Earnings
On Tuesday, September 20th, FedEx Corporation (FDX - Free Report) will release its Q1 earnings results after the bell. The company is a Zacks Rank #4 (Sell), and they were downgraded within the last 30 days due to recent downward revisions in their earnings expectations
Dave will investigate FedEx’s past earnings, look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on FedEx ahead of earnings.
Finally, Dave will be going at 1:30pm CST since he’ll be giving us his thoughts on Adobe Systems (ADBE - Free Report) at 1pm CST on Monday.
FedEx in Focus
FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Services offered by FedEx companies include worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery and global logistics, supply chain management and electronic commerce solutions.
FedEx is expected to report earnings this quarter at $2.79 per share according to the Zacks Consensus Estimate. Last quarter, they reported an earnings beat of $0.04 cents, coming in just above the Zacks Consensus Estimate of $3.26 per share. FedEx has seen an average surprise of 2.73% over the last four quarters.
FEDEX CORP Price and EPS Surprise
FEDEX CORP Price and EPS Surprise | FEDEX CORP Quote
FedEx is trading around $160 a share near their 52-week high of $169.57 per share.
The Transportation – Air & Freight industry is in the bottom 20% of our Zacks Industry Rank. It is difficult to gauge the growth potential for the sector. For example a lack of global economic growth may hamper FedEx and their competitors such as United Parcel Service (UPS - Free Report) .
That said, FedEx has beaten earnings expectations in the last three straight quarters. Therefore, FedEx has shown to be a strong company against potential headwinds.
Bottom Line
But how should investors play this company ahead of its report?
For insights on the best options trades, make sure to watch Dave Bartosiak at 1:30pm CST following his views and trade ideas on Adobe Systems.