SCD: UPS, FedEx fuel surcharge hikes to heat up delivery prices
SUPPLY CHAIN DIVE reports: FedEx and UPS’ index-based fuel surcharges are adjusted weekly based on prices ...
SEEKING ALPHA‘s editor Jessica Kuruthukulangara writes:
FedEx (NYSE:FDX) is scheduled to announce Q4 earnings results on Thursday, Jun. 23, after market close.
Consensus EPS estimate is $6.88 (+37.3% Y/Y) and consensus revenue estimate is $24.56B (+8.7% Y/Y).
Over the last 2 years, FDX has beaten EPS estimates 75% of the time and revenue estimates 100% of the time.
Over the last 3 months, EPS estimates have seen 6 upward revisions and 3 downward. Revenue estimates have seen 4 upward revisions and 5 downward.
FDX recently reshuffled its board as part of a deal with activist investor D.E. Shaw, made changes to its executive compensation program and raised its dividend by 52%.
Citigroup said the actions focused on operational efficiency, bolstering bullish long-term estimates. Bank of America said the executive shift is an important inflection point and FDX is now focusing on returns, cash generation, and governance…
To read the full post, please click here (free reg. is required).
PS: As it turned out, the trading update was broadly “in line“… albeit a tad soft, if anything…
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