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FedEx (FDX) Misses Q4 EPS by 1c, Offers FY23 EPS Guidance Tops Consensus

June 23, 2022 4:03 PM EDT

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(Updated - June 23, 2022 4:04 PM EDT)

FedEx (NYSE: FDX) reported Q4 EPS of $6.87, $0.01 worse than the analyst estimate of $6.88. Revenue for the quarter came in at $24.4 billion versus the consensus estimate of $24.47 billion.

GUIDANCE:

FedEx sees 2023 EPS of $22.50-$24.50, versus the consensus of $22.41.

  • Earnings per diluted share of $22.45 to $24.45 before the MTM retirement plans accounting adjustments and costs related to business optimization initiatives;
  • Earnings per diluted share of $22.50 to $24.50 before the MTM retirement plans accounting adjustments and costs related to business optimization initiatives, and excluding estimated costs associated with business realignment activities;
  • ETR of approximately 24% prior to the MTM retirement plans accounting adjustments and costs related to business optimization initiatives; and
  • Capital spending of $6.8 billion, with a priority on investments to improve efficiency, including fleet and facility modernization, and increased automation.

For earnings history and earnings-related data on FedEx (FDX) click here.



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