Air cargo weaker, but FedEx says it's ready for more 'economic headwinds'
Air freight rates have edged down again alongside higher inventory levels, economic uncertainty and an ...
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 ...