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Kritika Sarmah

FDX Earnings Preview: What to Expect and How to Position Your Portfolio

FDX Amazon.com Inc. Kritika SarmahHer FedEx Corporation United States

Delivery titan FedEx Corporation (FDX) is poised to announce its earnings on March 21, 2024. Analysts anticipate an EPS of $3.49 for the fiscal third quarter, indicating a 2.4% rise compared to the previous year's quarter. The company is expected to generate revenue of $22.09 billion. This article provides insights into what to anticipate from FDX's earnings report and offers guidance on positioning your portfolio accordingly.

In the fiscal first quarter, the company surpassed the consensus EPS estimates but failed to exceed the revenue estimates due to weak shipping demand, especially in the Express unit. However, this quarter, FDX aims to reduce its expenses through proactive cost-cutting strategies.

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