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FedEx (FDX) Gains But Lags Market: What You Should Know
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FedEx (FDX - Free Report) closed at $177.62 in the latest trading session, marking a +0.08% move from the prior day. This change lagged the S&P 500's 0.86% gain on the day. At the same time, the Dow lost 0.06%, and the tech-heavy Nasdaq gained 1.37%.
Heading into today, shares of the package delivery company had gained 8.75% over the past month, lagging the Transportation sector's gain of 10.9% and outpacing the S&P 500's gain of 8.11% in that time.
FDX will be looking to display strength as it nears its next earnings release, which is expected to be March 19, 2019. On that day, FDX is projected to report earnings of $3.11 per share, which would represent a year-over-year decline of 16.4%. Meanwhile, our latest consensus estimate is calling for revenue of $17.68 billion, up 7.01% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $15.92 per share and revenue of $70.92 billion, which would represent changes of +3.98% and +8.35%, 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. 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. 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 0.07% higher within the past month. FDX is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, FDX is currently trading at a Forward P/E ratio of 11.15. This valuation marks a discount compared to its industry's average Forward P/E of 11.17.
We can also see that FDX currently has a PEG ratio of 0.87. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Transportation - Air Freight and Cargo industry currently had an average PEG ratio of 1.14 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 210, putting it in the bottom 18% 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.
To follow FDX in the coming trading sessions, be sure to utilize Zacks.com.
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FedEx (FDX) Gains But Lags Market: What You Should Know
FedEx (FDX - Free Report) closed at $177.62 in the latest trading session, marking a +0.08% move from the prior day. This change lagged the S&P 500's 0.86% gain on the day. At the same time, the Dow lost 0.06%, and the tech-heavy Nasdaq gained 1.37%.
Heading into today, shares of the package delivery company had gained 8.75% over the past month, lagging the Transportation sector's gain of 10.9% and outpacing the S&P 500's gain of 8.11% in that time.
FDX will be looking to display strength as it nears its next earnings release, which is expected to be March 19, 2019. On that day, FDX is projected to report earnings of $3.11 per share, which would represent a year-over-year decline of 16.4%. Meanwhile, our latest consensus estimate is calling for revenue of $17.68 billion, up 7.01% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $15.92 per share and revenue of $70.92 billion, which would represent changes of +3.98% and +8.35%, 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. 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. 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 0.07% higher within the past month. FDX is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, FDX is currently trading at a Forward P/E ratio of 11.15. This valuation marks a discount compared to its industry's average Forward P/E of 11.17.
We can also see that FDX currently has a PEG ratio of 0.87. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Transportation - Air Freight and Cargo industry currently had an average PEG ratio of 1.14 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 210, putting it in the bottom 18% 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.
To follow FDX in the coming trading sessions, be sure to utilize Zacks.com.