FedEx Corp. Reports Third Quarter Results
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March 20, 2019 7:21 AM EDT
BMO Capital analyst Fadi Chamoun lowered the price target on FedEx (NYSE: FDX) to $215.00 (from $245.00) while maintaining a Outperform rating following results.
disappointing Q3/F19 results and lowered F2019 EPS outlook by roughly 3.5%believe ongoing investments in automation and network infrastructure...
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March 19, 2019 4:04 PM EDT
(Updated - March 19, 2019 4:05 PM EDT)
FedEx (NYSE: FDX) reported Q3 EPS of $3.03, $0.08 worse than the analyst estimate of $3.11. Revenue for the quarter came in at $17 billion versus the consensus estimate of $17.69 billion.
GUIDANCE:
FedEx sees FY2019 EPS $15.10 to $15.90, versus the consensus of $15.97.
FedEx is unable to forecast the fiscal 2019 year-end mark-to-market (MTM) retirement plan accounting adjustments. As a result, the company is unable to provide a fiscal 2019 earnings per share or effective tax rate (ETR) outlook on a GAAP basis.
FedEx is now forecasting for fiscal... More
