Stocks | Indices

FedEx (NYSE): Weekly Analysis

FedEx’s CQ3 results and outlook weren’t exactly “winning” in activity, but a key development has the market and the analyst interested in the stock. The company’s revenue and outlook were short of consensus due to weaker-than-expected global volumes, but earnings and margin shone.

The margin contracted, which was expected but far less than the consensus. This left the adjusted EPS 1275 bps better than expected and was accompanied by favorable earnings guidance, if not revenue guidance. In addition, the company expects to achieve an additional $1 billion in cost savings for a total of $3.7 billion in 2023. This was accompanied by plans to cut back on CapEx, which will also impact the bottom line.

✅  Register or Login.

Related posts

Dollar Index: Intraday Analysis & Forecast


Dollar Index: Intraday Analysis update


SP500: Intraday Analysis & Update


This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More