Utilizziamo i cookie per offrire supporto in live chat e per mostrare contenuti che riteniamo possano interessarti. Se accetti l’utilizzo dei cookie da parte di markets.com, fai clic su accetto.
I CFD sono strumenti complessi e presentano un alto rischio di perdere soldi rapidamente a causa della leva finanziaria. Il 76,3% dei conti di clienti al dettaglio perde denaro facendo trading con i CFD con questo fornitore. Devi verificare se comprendi pienamente come funzionano i CFD e se puoi permetterti di correre il rischio elevato di perdere i tuoi soldi.
Giovedi Dec 21 2023 08:23
4 min
FedEx shares plunge on earnings miss, falling sales
Weaker-than-expected earnings and falling sales deflate FedEx stock
FedEx shares declined on Wednesday as a less optimistic revenue outlook deflated the delivery company's recent surge. Despite the setback, several Wall Street analysts found merit in the turnaround plan that has propelled the stock higher over the past year.
In premarket trading, FedEx stock saw a 10.8% drop to $249.69 after its second-quarter earnings report on Tuesday failed to meet market expectations. This decline was poised to erase a month's worth of gains, although the stock had previously surged by an impressive 62% throughout the year — higher than the 24% gain by the benchmark S&P 500 index.
In the fiscal second quarter ended November 30, the FedEx earnings report showed per share of $3.99 from $22.2 billion in sales. Wall Street had anticipated per-share earnings of $4.19 on sales of $22.4 billion, based on a FactSet survey. In the same period last year, FedEx reported earnings per share of $3.18 on sales of $22.8 billion.
The FedEx share price rally has predominantly been fueled by cost-cutting initiatives. While the revised revenue guidance disappointed investors, analysts remain positive about FedEx's cost management, noting an improvement in its operating profit margin to 6.4%, up more than 1 percentage point from the same period the previous year. Despite a 3% decline in sales, this marks the second consecutive quarter of year-over-year profit margin improvement.
Scegli i tuoi punti di movimento
Calcola il P/L ipotetico (costi e spese aggregati) se avessi aperto una posizione quest’oggi..
Mercati
ETF
ETF
Criptovalute
Azioni
Valuta
Obbligazioni
Materie Prime
Indice
Strumento
Porsche
Procter & Gamble
Roku Inc
Deere
Quanta Services
Yandex
UniCredit
Rolls-Royce
Inditex
Deliveroo Holdings
Goldman Sachs
Coca-Cola Co (NYSE)
Infosys
Toro
ChargePoint Holdings Inc
Comcast
Chipotle
Campari
The Cheesecake Factory
Virgin Galactic
LVMH
Eni
Medtronic
ProSiebenSat.1
Qualcomm
BioNTech
SIG
Meta (Formerly Facebook)
Philip Morris
Visa
Schlumberger
SMCI
Plug Power
Nike
ADT
3D Systems
Nikola Corporation
Pinterest Inc
Bristol Myers
Jumia Technologies
Broadcom
Upstart Holdings Inc
Salesforce.com
Amazon.com
Cinemark
Moderna Inc
AMC Entertainment Holdings
Air France-KLM
Glencore plc
Starbucks
Uber
Golar LNG
Pfizer
Palantir Technologies Inc
CrowdStrike Holdings
Mastercard
Blackrock
Vir Biotechnology
Toyota
Kuaishou
MerckCo USA
Cisco Systems
Porsche AG
II-VI
Evraz
JD.com
Snap
JP Morgan
Lululemon
UPS
AIA
Deutsche Bank
Airbus Group SE
Zoom Video Communications
XPeng Inc
Trade Desk
AbbVie
Sartorius AG
Mondelez
Hammerson
CNOOC
Snowflake
Thermo Fisher
CCB (Asia)
Kraft Heinz
Unilever
China Life
eBay
Linde PLC
GameStop
Infinera
UnitedHealth
ASOS
SAP
Barclays
Christian Dior
Wish.com Inc
AstraZeneca
FirstRand
SONY
CAT
Applied Materials
BlackBerry
ALIBABA HK
British American Tobacco
AT&T
Siemens
Diageo
Palo Alto Networks
Vipshop
Amgen
Prosus N.V.
ASML
Airbnb Inc
Lithium Americas Corp
JnJ
Wal-Mart Stores
Nasdaq
Exxon Mobil
McDonald's
Shopify
Hermes
Iberdrola
Peloton Interactive Inc.
Ozon
Apple
Volkswagen
Marriott
Sea
Micron
Conoco Phillips
Morgan Stanley
Ford
Upwork Inc.
Nel ASA
Bank of America
Accenture
Santander
Abbott
Trump Media & Technology Group
Royal Bank Canada
UiPath Inc
Spotify
Fedex
LUCID
Anglo American
Allianz
Dave & Buster's
Shell plc (LSE)
Xiaomi
Adidas
Skillz Inc
HDFC Bank
Cellnex
Freeport McMoRan
Wells Fargo
PepsiCo
Berkshire Hathaway
Lockheed Martin
Coinbase Inc
HSBC
Target
Netflix
Vonovia
PayPal
DISNEY
Invesco Mortgage
Blackstone
Boeing Co
Lumentum Holdings
Canopy Growth
Beyond Meat
Block
Qorvo
Delivery Hero SE
Teladoc
Unity Software
PG&E
Microsoft
Gilead
Li Auto
Chevron
Naspers
BP
MercadoLibre.com
Alibaba
New Oriental
CarMax
Lemonade
Citigroup
Two Harbors Investment aration
Taiwan Semi
Total
Bayer
Marston's
Twilio
Home Depot
Oracle
Gen Digital Inc
Baidu
ZIM Integrated Shipping Services Ltd
T-Mobile
Norwegian Cruise Line
ON Semiconductor
American Express
Macy's
Vodafone
L'Oreal
Tesla
Robinhood
Nio
Lloyds
Aptiv PLC
Novavax
Norwegian Air Shuttle
American Airlines
TUI
Annaly Capital
RTX Corp
NVIDIA
Adobe
General Motors
PETROCHINA
Aurora Cannabis Inc
Barrick Gold
Fuelcell
General Electric
Anheuser-Busch Inbev
Continental
Eli Lilly
F5 Networks
Etsy
Hubspot
easyJet
Telecom Italia
Ceconomy
Rio Tinto
AMD
Cameco
Arista
Tencent
British American Tobacco
DeltaAir
Verizon
Airbus
Lufthansa
Teleperformance
GSX Techedu
Rivian Automotive
Wayfair
IBM
Bilibili Inc
HSBC HK
Occidental
Lyft
IAG
Costco
Tilray
Fresnillo
Intel
ROBLOX Corp
BASF
Workday Inc
GoPro
DoorDash
Electrolux
GoHealth
Alphabet (Google)
Tipi di account
Direzione
Quantità
L'ammontare deve essere uguale o superiore a
L’importo deve essere più bassa di
L’importo deve essere un multiplo dell'incremento minimo per i lotti
I risultati del passato non sono un indicatore affidabile dei rendimenti futuri.
Tutte le posizioni sugli strumenti denominati in una valuta diversa dalla valuta del tuo conto saranno soggetti ad una commissione di cambio valuta anche in fase di chiusura della posizione.
FedEx share price forecast: Raymond James lowers price target, keeps Outperform rating
In a research note cited by Barron’s on Wednesday, Raymond James analyst Patrick Tyler Brown wrote:
“We believe that change is afoot post FedEx’s recent DRIVE event that provided visibility into key changes that are likely set to drive better margins, earnings, and FCF [free cash flow] in out years”.
Brown also noted that FedEx could receive a boost to its freight business from the bankruptcy of delivery peer Yellow earlier in 2023.
During an earnings call on Tuesday, FedEx CEO Raj Subramaniam told analysts that the company had successfully retained the majority of the market share it gained from Yellow and rival United Parcel Service (UPS) during the summer.
Brown adjusted his target price for FedEx stock to $275 from $279 but maintained an Outperform rating. The target is based on an earnings multiple of 16 times FedEx's projected fiscal 2024 earnings per share.
A notable concern for FedEx lies in the performance of its internationally focused Express business, which operates through air routes. Volumes in this segment have continued to decline, with the division's operating margin reaching 1.3% for the quarter, compared to the 10.4% margin for the FedEx Ground division, responsible for truck-based deliveries in the U.S. and Canada.
In a research note shared with Barron’s, Citi analyst Christian Wetherbee said that the Express results might be influenced by cyclically low volumes impacting margins, suggesting that future results could show improvement.
“When the cycle turns (which may be happening now), we think leverage will return … We view any share-price pullback as a buying opportunity as we don’t think much has changed in the trajectory of earnings power through [fiscal] 2025”.
Wetherbee’s FedEx share price forecast had a target of $300 on the stock and a Buy rating.
At the time of writing on Wednesday, FedEx stock was trading at $249.01 in premarket on the NYSE, down 11.08% on the day.
When considering shares for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.
Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.
IT
