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FedEx Corp Second Quarter Earnings Sneak Peek
Created on Monday, 12 December 2011 11:25Category: Earnings
S&P 500 component FedEx Corp will unveil its latest earnings on Thursday, December 15, 2011. FedEx provides various transportation, e-commerce and business services.
FedEx Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.52 per
Past Earnings Performance: Last quarter, the company fell short of estimates by 3 cents, coming in at profit of $1.46 per share against a mean estimate of net income of $1.47. The company topped expectations in the fourth quarter of the last fiscal year.
Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.
Wall St. Revenue Expectations: Analysts are projecting a rise of 9.9% in revenue from the year-earlier quarter to $10.58 billion.
Analyst Ratings: Analysts are bullish on this stock with 20 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.
A Look Back: In the first quarter, profit rose 22.1% to $464 million ($1.46 a share) from $380 million ($1.20 a share) the year earlier, but fell short analyst expectations. Revenue rose 11.3% to $10.52 billion from $9.46 billion.
Key Stats:
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 11.6%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 12.1% from the year earlier quarter.
The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 8.5%. The quarter with the biggest boost was the fourth quarter of the last fiscal year, which saw a 33.2% surge.
Competitors to Watch: United Parcel Service, Inc. , Air Transport Services Group Inc. , Air T, Inc. , OfficeMax , Staples and Office Depot .
Stock Price Performance: During October 13, 2011 to December 9, 2011, the stock price had risen $9.49 (12.9%) from $73.75 to $83.24. The stock price saw one of its best stretches over the last year between June 16, 2011 and June 23, 2011 when shares rose for six-straight days, rising 7.5% (+$6.46) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 9.3% (-$8.61) over that span. Shares are down $9.20 (-10%) year to date.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.
Courtesy Yahoo Financial News