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Barchart
Barchart
Aditya Sarawgi

Earnings Preview: What to Expect From FedEx's Report

FedEx FDX

Memphis, Tennessee-based FedEx Corporation (FDX) is the leader in global express delivery services, providing transportation, e-commerce, and business services in the U.S. and internationally. With a market cap of $67.2 billion, it operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The freight and logistics giant is expected to release its Q2 earnings after the market closes on Thursday, Dec. 19.

Ahead of the event, analysts expect FedEx to report a profit of $3.88 per share, down 2.8% from $3.99 per share reported in the year-ago quarter. The company has surpassed Wall Street’s earnings estimates in two of the past four quarters while missing on two other occasions. Its adjusted EPS for the last reported quarter declined 20.9% year-over-year to $3.60, missing the consensus estimates by 25.3%.

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