Advertisement
Singapore markets closed

  • Straits Times Index

    3,332.80
    -10.55 (-0.32%)
     

  • Nikkei

    39,583.08
    +241.54 (+0.61%)
     

  • Hang Seng

    17,718.61
    +2.14 (+0.01%)
     

  • FTSE 100

    8,164.12
    -15.56 (-0.19%)
     

  • Bitcoin USD

    60,111.02
    -1,328.44 (-2.16%)
     

  • CMC Crypto 200

    1,282.52
    -1.31 (-0.10%)
     

  • S&P 500

    5,460.48
    -22.39 (-0.41%)
     

  • Dow

    39,118.86
    -45.20 (-0.12%)
     

  • Nasdaq

    17,732.60
    -126.08 (-0.71%)
     

  • Gold

    2,336.90
    +0.30 (+0.01%)
     

  • Crude Oil

    81.46
    -0.28 (-0.34%)
     

  • 10-Yr Bond

    4.3430
    +0.0550 (+1.28%)
     

  • FTSE Bursa Malaysia

    1,590.09
    +5.15 (+0.32%)
     

  • Jakarta Composite Index

    7,063.58
    +95.63 (+1.37%)
     

  • PSE Index

    6,411.91
    +21.33 (+0.33%)
     

Compared to Estimates, FedEx (FDX) Q4 Earnings: A Look at Key Metrics

Zacks Equity Research
·3-min read

FedEx (FDX) reported $22.11 billion in revenue for the quarter ended May 2024, representing a year-over-year increase of 0.8%. EPS of $5.41 for the same period compares to $4.94 a year ago.

The reported revenue represents a surprise of -0.03% over the Zacks Consensus Estimate of $22.12 billion. With the consensus EPS estimate being $5.34, the EPS surprise was +1.31%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how FedEx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Average daily package volume - FedEx Express - Package - Total U.S Domestic Package: 2,583 thousand versus the four-analyst average estimate of 2,572.81 thousand.

  • Revenue per freight pound - Fed Ex Express - Freight - U.S. $1.67 versus the four-analyst average estimate of $1.73.

  • Average daily freight pounds - FedEx Express - Freight - International airfreight: 810 thousand versus the four-analyst average estimate of 788.53 thousand.

  • Average daily package volume - FedEx Express - Package - Total International Export Package: 1,055 thousand versus 1,012.83 thousand estimated by four analysts on average.

  • Revenues- Other and Eliminations: $833 million versus the six-analyst average estimate of $775.77 million. The reported number represents a year-over-year change of -5.6%.

  • Revenues- FedEx Services: $59 million compared to the $71.09 million average estimate based on six analysts. The reported number represents a change of -22.4% year over year.

  • Revenues- FedEx Express: $10.42 billion versus the six-analyst average estimate of $10.37 billion. The reported number represents a year-over-year change of +0.1%.

  • Revenues- FedEx Ground: $8.49 billion compared to the $8.54 billion average estimate based on six analysts. The reported number represents a change of +2.4% year over year.

  • Revenues- FedEx Freight: $2.31 billion versus $2.34 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +1.6% change.

  • Revenues- FedEx Express- Freight- U.S: $604 million versus $597.88 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change.

  • Revenues- FedEx Express- Package- U.S. overnight envelope: $472 million versus $500.47 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -6.2% change.

  • Revenues- FedEx Express- Package- U.S. overnight box: $2.20 billion versus $2.20 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a 0% change.

View all Key Company Metrics for FedEx here>>>

Shares of FedEx have returned +3.6% over the past month versus the Zacks S&P 500 composite's +2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

FedEx Corporation (FDX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research