Tuesday, June 21, 2011

FedEx Corporation Fourth Quarter Earnings Sneak Peek

By Derek Hoffman
June 16 2011

S&P 500 (NYSE:SPY) component FedEx Corporation (NYSE:FDX) will unveil its latest earnings on Wednesday, June 22, 2011. FedEx Corporation provides various transportation, e-commerce and business services.

FedEx Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst is estimating profit of $1.72 per share, a rise of 29.3% from the same quarter a year ago. Estimates range from net income of $1.54 per share to profit of $1.85 per share. Over the past three months, the consensus estimate has moved down from $1.74. Over the past month, the consensus estimate has moved down from $1.73. For the year, analysts are projecting net income of $4.90 per share, a rise of 30.3% from last year.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of 81 cents per share versus a mean estimate of net income of $1.31 per share.

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