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Barchart
Barchart
Aditya Sarawgi

Here's What to Expect from FedEx's Next Earnings 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 $67.8 billion, FedEx operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments.

The freight and logistics giant is expected to release its third-quarter results after the markets close on Thursday, Mar. 20. Ahead of the event, analysts expect FedEx to report a $4.59 per share, up 18.9% from $3.86 per share reported in the year-ago quarter. While the company has missed analysts’ estimates once over the past four quarters, it has surpassed the expectations on three other occasions. Its adjusted EPS of $4.05 for the last reported quarter surpassed the consensus estimates by 3.9%.

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