uploads///Image

How FedEx Stock Has Fared, Pre-3Q18 Earnings Release

By

Mar. 16 2018, Published 11:54 a.m. ET

FedEx’s 3Q18 earnings

Global logistics company FedEx (FDX) is set to announce its fiscal 3Q18 earnings after the market closes on March 20, 2018. The parcel delivery giant plans to hold an earnings call with analysts and investors at 5:00 PM that day.

Article continues below advertisement

FDX’s stock price in 2018

Over the past 52 weeks, FedEx stock has recorded a high of $274.66 per share and a low of $182.89 per share. On March 14, 2018, the company’s stock closed at $246.91, close to its 52-week high.

FedEx stock price rose after the US Senate voted in favor of the Trump administration’s proposed tax reform. FDX and its main competitor, United Parcel Service (UPS), soared after the new tax code was passed. These parcel delivery giants were also supported by new capital expenditure provisions allowing for the tax deduction of their entire capex incurred in a year. Growing e-commerce sales worldwide also provided momentum to these global courier giants.

Since the beginning of 2018, FedEx has returned -1.1% to stock owners, whereas UPS has returned -8.7%. February’s massive sell-off wiped out the gains posted by these stocks earlier this year. Peers have returned the following:

  • Old Dominion Freight Line (ODFL): 11.0%
  • XPO Logistics (XPO) : 13.8%
  • YRC Worldwide (YRCW): -3.8%
  • Air Transport Services Group (ATSG): 9.0%
  • SAIA (SAIA): 7.7%

During the same period, the iShares Dow Jones US Industrial ETF (IYJ) has returned 1.54%.

Series highlights

In this series, we’ll look analysts’ revenue and earnings estimates for FedEx ahead of its fiscal 3Q18 earnings announcement. We’ll also compare their views on FedEx’s peers.

Advertisement

More From Market Realist