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FedEx (FDX) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, FedEx (FDX - Free Report) closed at $227.81, marking a +1.18% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.06%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 1.72%.
Coming into today, shares of the package delivery company had gained 0.76% in the past month. In that same time, the Transportation sector gained 0.51%, while the S&P 500 lost 2.09%.
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. The company is expected to report EPS of $4.02, up 26.42% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.76 billion, up 8.85% from the year-ago period.
FDX's full-year Zacks Consensus Estimates are calling for earnings of $17.34 per share and revenue of $71.26 billion. These results would represent year-over-year changes of +13.26% and +8.87%, respectively.
It is also important to note the recent changes to analyst estimates for FDX. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. FDX is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, FDX currently has a Forward P/E ratio of 12.99. For comparison, its industry has an average Forward P/E of 14.72, which means FDX is trading at a discount to the group.
We can also see that FDX currently has a PEG ratio of 1.02. 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 1.02 as of yesterday's close.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 202, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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FedEx (FDX) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, FedEx (FDX - Free Report) closed at $227.81, marking a +1.18% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.06%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 1.72%.
Coming into today, shares of the package delivery company had gained 0.76% in the past month. In that same time, the Transportation sector gained 0.51%, while the S&P 500 lost 2.09%.
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. The company is expected to report EPS of $4.02, up 26.42% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.76 billion, up 8.85% from the year-ago period.
FDX's full-year Zacks Consensus Estimates are calling for earnings of $17.34 per share and revenue of $71.26 billion. These results would represent year-over-year changes of +13.26% and +8.87%, respectively.
It is also important to note the recent changes to analyst estimates for FDX. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. FDX is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, FDX currently has a Forward P/E ratio of 12.99. For comparison, its industry has an average Forward P/E of 14.72, which means FDX is trading at a discount to the group.
We can also see that FDX currently has a PEG ratio of 1.02. 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 1.02 as of yesterday's close.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 202, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.