FedEx (FDX - Free Report) closed the most recent trading day at $231.28, moving +1.99% from the previous trading session. The stock lagged the S&P 500's daily gain of 2.12%. At the same time, the Dow added 2.13%, and the tech-heavy Nasdaq gained 2.64%.
Prior to today's trading, shares of the package delivery company had lost 1.3% over the past month. This has was narrower than the Transportation sector's loss of 5.38% and the S&P 500's loss of 4.4% in that time.
Wall Street will be looking for positivity from FDX as it approaches its next earnings report date. This is expected to be December 18, 2018. In that report, analysts expect FDX to post earnings of $4.02 per share. This would mark year-over-year growth of 26.42%. Meanwhile, our latest consensus estimate is calling for revenue of $17.76 billion, up 8.85% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $17.34 per share and revenue of $71.26 billion, which would represent changes of +13.26% and +8.87%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for FDX. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.01% lower within the past month. FDX is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that FDX has a Forward P/E ratio of 13.08 right now. For comparison, its industry has an average Forward P/E of 14.51, which means FDX is trading at a discount to the group.
Also, we should mention that FDX has a PEG ratio of 1.03. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Transportation - Air Freight and Cargo industry currently had an average PEG ratio of 1.03 as of yesterday's close.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.