FedEx (FDX) Tops Q4 EPS by 7c, Offers Guidance
FedEx (NYSE: FDX) reported Q4 EPS of $5.41, $0.07 better than the analyst estimate of $5.34. Revenue for the quarter came in at $22.1 billion versus the consensus estimate of $22.05 billion.
GUIDANCE:
FedEx sees FY2025 EPS of $20.00-$22.00, versus the consensus of $20.85.
- A low-to-mid single-digit percent revenue growth year over year;
- Earnings per diluted share of $18.25 to $20.25 before the MTM retirement plans accounting adjustments and $20.00 to $22.00 after also excluding costs related to business optimization initiatives;
- Permanent cost reductions from the DRIVE transformation program of $2.2 billion;
- ETR of approximately 24.5% prior to the MTM retirement plans accounting adjustments; and
- Capital spending of $5.2 billion, with a priority on investments in network optimization and efficiency improvement, including fleet and facility modernization and automation.
For earnings history and earnings-related data on FedEx (FDX) click here.