FedEx Beats Analyst Estimates on EPS
FedEx (NYS: FDX) reported earnings on June 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 31 (Q4), FedEx met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped slightly.
Gross margins improved, operating margins dropped, net margins shrank.
FedEx logged revenue of $11.00 billion. The 16 analysts polled by S&P Capital IQ wanted to see a top line of $11.12 billion on the same basis. GAAP reported sales were 4.3% higher than the prior-year quarter's $10.55 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.99. The 22 earnings estimates compiled by S&P Capital IQ predicted $1.92 per share. GAAP EPS of $1.73 for Q4 were 1.1% lower than the prior-year quarter's $1.75 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26.7%, 40 basis points better than the prior-year quarter. Operating margin was 9.0%, 10 basis points worse than the prior-year quarter. Net margin was 5.0%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $10.89 billion. On the bottom line, the average EPS estimate is $1.57.
Next year's average estimate for revenue is $44.76 billion. The average EPS estimate is $7.35.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,125 members out of 2,338 rating the stock outperform, and 213 members rating it underperform. Among 710 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 671 give FedEx a green thumbs-up, and 39 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FedEx is outperform, with an average price target of $107.50.
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The article FedEx Beats Analyst Estimates on EPS originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of FedEx. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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