FedEx Earnings Miss Warns of Trade Wars Policy Uncertainty

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  • #21931
    ThePitBoss
    Participant

    FedEx Corp reported worse than expected first quarter…

    [article]1724[/article]

    #21935
    ThePitBoss
    Participant

    Deutsche Bank downgraded FedEx to ‘hold’ from ‘buy’

    “This downgrade to Hold – when shares are off over 7% in the aftermarket after very weak fiscal 1Q results – is about as helpful as a warm coat on a hot summer’s day. We get it. But the downgrade reflects two key issues:
    (1) very weak fiscal 1Q results and guidance, and
    (2) lack of acknowledgement from mgmt. with respect to its own execution failures (i.e. performance ‘negatively impacted by a weakening global macro environment driven by increasing trade tensions and policy uncertainty’).”

    #22105
    ThePitBoss
    Participant

    Bernstein Lowers FedEx from Outperform to Market Perform.

    For the first quarter, FedEx had an EPS of $3.05, compared to year-ago quarter EPS of $3.46. The current market cap for FedEx is at $37.9 billion.

    The stock has a 52-week-high of $238.60 and a 52-week-low of $138.38.

    FedEx Corporation
    NYSE: FDX
    138.58 USD +0.14 (0.10%)

    #22297
    ThePitBoss
    Participant

    FedEx Corp. (NYSE: FDX) was named as the Zacks Bear of the Day stock.

    The firm said FedEx stock has tumbled nearly 30% in the last 12 months, and the shipping giant lowered its earnings guidance as well.

    Market Summary > FedEx Corporation
    NYSE: FDX
    157.32 USD +3.21 (2.08%)
    Oct 25, 12:08 PM EDT ·

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