FedEx Corporation (FDX) to Release Third Quarter Numbers


What’s going on with FDX

FedEx Corporation (FDX) is expected to release third quarter numbers after the market closes on September 22. Analysts expect the company to earn $5.14 per share for the quarter. During the same period last year, the company broke even per share. The title is up 4.92% over the year.

Technical analysis

FDX was recently trading at $161.02, down $105.77 from its 12-month high and $6.02 above its 12-month low. InvestorsObserver gives FDX a long-term technical rating of 68 and a short-term technical rating of 6. The stock has recent support above $160 and recent resistance below $200. Of the 17 analysts covering the stock, 10 rating it Strong Buy, 0 rating Buy, 7 rating Hold, 0 rating Sell, and 0 rating Strong Sell, FDX earns an aggregate score of 46 from InvestorsObserver.

Analyst thoughts

FDX has posted annual earnings growth of 14.14% over the past five years and looking ahead, analysts expect the company’s earnings to grow 11.46% annually over the past five years. next five years. Last quarter, the company posted worse-than-expected EPS and this quarter, the street expects earnings of $5.14 per share. FDX is currently trading at $161.02 with an average price target of $288.36.

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