Earnings of the 24Jun24 - is FedEx a buy?

KYHBKO
06-23

Earnings Calendar (24Jun24)

In the coming week, these are the earnings of interest: FedEx, Carnival, Micron, Nike and Jefferies.

Let us look at the earnings of FedEx in detail.

FedEx price has been ranging recently with a 1-year target estimate of $308.67. The 52-week range is between 224.69 to 291.27. The share price has gained 9.18% from a year ago.

Observations:

  • FedEx's revenue grew from $45.5 billion in 2014 to $90.1 billion in 2023

  • The operating profit grew from $3.8 billion in 2014 to $5.3 billion in 2023

  • FedEx’s EPS has almost doubled from $7.48 in 2014 to $15.48 in 2023.

  • Dividend per share has grown from $0.60 in 2014 to $4.60 in 2023.

For the coming earnings call, FedEx has a forecast of $5.34 and $22.05 billion for the EPS and revenue respectively. The EPS has been trending down in recent quarters and the revenue is fluctuating around $22 billion.

@TigerStars

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Earning Season
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