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FedEx Beats Wall Street Estimates: Is It Time to Buy?

by Team Lumida
June 26, 2024
in Markets
Reading Time: 3 mins read
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Photo by Obi - @pixel8propix on Unsplash

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Key Takeaways:

  1. FedEx forecasts fiscal 2025 earnings of $20 to $22 per share.
  2. Shares surged 14% after the profit forecast announcement.
  3. Cost-cutting and operational consolidation are expected to boost returns.

What Happened?

FedEx announced its fiscal 2025 profit forecast, predicting earnings between $20 and $22 per share. This midpoint estimate of $21 per share slightly exceeds Wall Street’s forecast of $20.92. Following the announcement, FedEx shares surged 14% in after-hours trading, reaching $292.83.

The company also reported a 7.2% increase in fourth-quarter earnings, totaling $1.34 billion or $5.41 per share, and a slight revenue growth to $22.1 billion, slightly surpassing analysts’ expectations of $22.06 billion.

Why It Matters?

This announcement signals FedEx’s resilience in a challenging market environment. The forecasted earnings beat analysts’ expectations, which is a positive indicator for investors. CEO Raj Subramaniam highlighted the company’s strategy to cut costs and consolidate operations to improve profitability.

The decision to potentially sell its freight trucking business, which generated $2.3 billion in the latest quarter, shows FedEx’s commitment to focusing on more profitable segments. Eliminating the unprofitable U.S. Postal Service contract by September 29 further strengthens this outlook.

What’s Next?

FedEx’s forward guidance suggests robust performance in fiscal 2025, driven by cost-cutting measures and strategic operational changes. Investors should watch for the company’s decisions regarding its freight trucking business and how it navigates the end of its U.S. Postal Service contract.

The overall market sentiment remains cautious due to weak industrial production and parcel shipping demand influenced by inflation and higher interest rates. However, FedEx’s proactive steps to enhance profitability could position it well for future growth.

CEO Subramaniam’s optimism, stating, “We expect this momentum to continue in fiscal 2025,” reflects confidence in overcoming current challenges. Investors should monitor upcoming earnings reports and management’s execution of its strategic initiatives for further insights into the company’s trajectory.

Source: Reuters
Tags: cost-cuttingearnings forecastFedExRaj Subramaniamstock surge
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018