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FedEx (FDX) Tops Q4 Earnings & Revenue Estimates

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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:

FedEx Corporation Price, Consensus and EPS Surprise

FedEx Corporation Price, Consensus and EPS Surprise | FedEx Corporation Quote

Check back later for our full analysis on FDX’s earnings report!

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