FedEx Earnings Seen Jolly As Holiday Forecasts Loom - Investors Business Daily
FedEx's (FDX) fiscal second-quarter earnings are projected to rise at the fastest clip in more than a year, though any guidance on holiday package volume could be a bigger gift to investors.
The shipping giant is slated to report early Wednesday for the quarter that ended Nov. 30, just before the peak holiday period.
The consensus of 31 analysts polled by Thomson Reuters is for revenue to grow 2.9% vs. the same quarter last year to $11.43 billion. Earnings per share are projected to climb 17% to $1.63.
FedEx's (FDX) fiscal second-quarter earnings are projected to rise at the fastest clip in more than a year, though any guidance on holiday package volume could be a bigger gift to investors.
The shipping giant is slated to report early Wednesday for the quarter that ended Nov. 30, just before the peak holiday period.
The consensus of 31 analysts polled by Thomson Reuters is for revenue to grow 2.9% vs. the same quarter last year to $11.43 billion. Earnings per share are projected to climb 17% to $1.63.
