FedEx (FDX) Tops Q1 EPS by 64c, Offers Q2 Guidance

(Updated - September 22, 2022 2:35 PM EDT)

FedEx (NYSE: FDX) reported Q1 EPS of $3.44, $0.64 better than the analyst estimate of $2.80. Revenue for the quarter came in at $23.2 billion versus the consensus estimate of $23.78 billion.

GUIDANCE:

FedEx sees Q2 2023 EPS of $2.75 or greater, versus the consensus of $3.33. FedEx sees Q2 2023 revenue of $23.5-24 billion, versus the consensus of $24.05 billion.

3

These forecasts assume the company’s current economic forecast and fuel price expectations, no additional COVID-19-related business restrictions, successful completion of the planned stock repurchases during the second quarter, and no additional adverse geopolitical developments. FedEx’s earnings per share forecast is based on current law and related regulations and guidance.

“I am confident the cost actions we’re implementing with urgency will enhance efficiency and drive improved profitability in support of our long-term financial targets,” said Michael C. Lenz, FedEx Corp. executive vice president and chief financial officer.

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

You May Also Be Interested In

• Amphenol (APH) Tops Q1 EPS by 7c, offers guidance
• Fortive (FTV) Tops Q1 EPS by 4c ; Offers Guidance
• Hasbro (HAS) brand strength sees earnings top expectations