FedEx Corporation Fourth Quarter Earnings Sneak Peek

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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Wall St. Revenue Expectations: On average, analysts predict $10.41 billion in revenue this quarter, a rise of 10.4% from the year ago quarter. Analysts are forecasting total revenue of $39.13 billion for the year, from last year’s revenue of $34.73 billion.

Analyst Ratings: Analysts are bullish on this stock with 21 analysts rating it as a buy and none rating it as a sell. While the average rating for the stock remains a moderate buy, the strength of the rating has dwindled over the past three months.

Key Stats:

The company has enjoyed double-digit year-over-year revenue growth for the past four quarters. Over that span, the company has averaged growth of 15.3%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 20.1% from the year earlier quarter.

The company’s gross margin shrank by 2.2 percentage points in the last quarter. Revenue rose 11.1% while cost of sales rose 16% to $4.93 billion from a year earlier.

Competitors to Watch: United Parcel Service, Inc. (NYSE:UPS), (NASDAQ:ATSG), Air T, Inc. (NASDAQ:AIRT).

Stock Performance: The stock price saw one of its best stretches over the last year between November 2, 2010 and November 8, 2010 when shares rose for five-straight days, rising 3.8% (+$3.27) over that span. It saw one of its worst periods between May 11, 2011 and May 17, 2011 when shares fell for five-straight days, falling 2.7% (-$2.57) over that span.

(Source: Xignite Financials)

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