FedEx (FDX - Free Report) closed at $185.60 in the latest trading session, marking a -1.31% move from the prior day. This change lagged the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.5%.
Coming into today, shares of the package delivery company had gained 0.21% in the past month. In that same time, the Transportation sector gained 2.37%, while the S&P 500 gained 2.62%.
Investors will be hoping for strength from FDX as it approaches its next earnings release. In that report, analysts expect FDX to post earnings of $4.91 per share. This would mark a year-over-year decline of 16.92%. Our most recent consensus estimate is calling for quarterly revenue of $17.96 billion, up 3.75% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $15.44 per share and revenue of $69.82 billion. These totals would mark changes of +0.85% and +6.68%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for FDX. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 has moved 0.3% lower. FDX is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, FDX is currently trading at a Forward P/E ratio of 12.18. For comparison, its industry has an average Forward P/E of 13.23, which means FDX is trading at a discount to the group.
Meanwhile, FDX's PEG ratio is currently 0.96. 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. FDX's industry had an average PEG ratio of 1.3 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 100, which puts it in the top 40% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.