FedEx Stock before Fiscal 2Q18 Earnings Release



FedEx’s fiscal 2Q18 earnings

FedEx (FDX), the world’s premier courier and logistics giant, is slated to announce its fiscal 2Q18 earnings after the market closes on December 19, 2017, at 4:15 pm EST. The company will hold a conference call with its investor community and analysts at 5:00 pm EST that same day.

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FDX stock price trend

On December 12, 2017, FDX stock closed at $238.60, leaving behind other transportation stocks. Its 52-week high was $241.30 per share, and its 52-week low was $182.90. The company has been trading near its 52-week high and, in fact, is hovering around its all-time high.

The stock skyrocketed after investors handpicked the top gainers after the House and the Senate voted in favor of their tax reform bills. However, FedEx wasn’t alone on the list. Archrival United Parcel Service (UPS) also gained from the proposed tax reforms. It’s trading at an all-time high and closed at $118.80 on December 12. Its 52-week high is $125.20 per share.

A robust e-commerce boom around the globe, including the United States, has fueled the parcel delivery stock rally recently. Also, Amazon’s (AMZN) entry into the US parcel delivery service has added spirit to this vibrant arm of the transportation industry. In 2017, FedEx returned 27.6% to shareholders, and UPS returned just 2.7%. Let’s look at some more returns for FedEx’s peers for the same period:

  • Old Dominion Freight Lines (ODFL): 48.3%
  • XPO Logistics (XPO): 76.8%
  • YRC Worldwide (YRCW): 8.3%
  • C.H. Robinson Worldwide (CHRW): 20.8%
  • Expeditors International of Washington (EXPD): 21.2%

Since January 1, 2017, the SPDR S&P 500 ETF (SPY), a broad indicator of market performance, has risen 18.4%.

In this series

In this pre-earnings series on FedEx, we’ll be taking a close look at the analysts polled by Thomson Reuters and what they think about FedEx. We’ll also look at FedEx’s fiscal 2Q18 earnings in light of the effects of the hurricanes this year and the cyberattacks on the TNT Express system.

Let’s start by taking a look at analysts’ estimates for FedEx’s fiscal 2Q18 revenues.


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