FedEx Corporation (NYSE: FDX) released its third quarter earnings report on Wednesday and beat analyst expectations. The shipping company's EPS was $2.01 per share compared to the consensus estimate of $1.87 per share and revenue was reported at ...
Wall Street analysts have placed a target price of $190.642 for FedEx Corporation (NYSE:FDX). This number is based on the mean consensus estimate from the 14 research firms that recently issued reports on the stock.
Among the stocks gearing up to report earnings tomorrow are package delivery expert FedEx Corporation (NYSE:FDX), semiconductor concern Jabil Circuit, Inc. (NYSE:JBL), and precious metals producer Silver Wheaton Corp.
Operations and fundamentals for FedEx are extremely strong and suggest the potential for earnings and guidance upside. Analysts highlight that the company's cash levels are at an all-time high. In addition, holiday stumbles by United Parcel Service, Inc.
The stock markets in the United States rebounded after the Federal Reserve indicated that a potential increase of interest rates would be slower-than-expected based on economic data showing that the economic growth became moderate.