FedEx Corporation (NYSE:FDX) is due to report earnings before the opening bell on December 15, 2011. Below you can see the results of FDX over the last few earnings periods.
FDX trades an average of 2.1 million shares per day.
52 Week High: $98.66
52 Week Low: $64.07
Book Value: $49.57
Float Short: 1.73%
Analysts are expecting an improvement of $0.06 in earnings per share compared to last quarter's results of $1.46. The reporting quarter's estimated mean earnings are $1.52 per share. Analyst estimates range between $1.42 and $1.66 per share.
I like FedEx and while the chart shows the stock trading below the 200 day moving average, the shorter term averages like the 60 day are moving higher. My good friend and fellow contributor Rocco Pendola recently wrote a good article about FedEx as well.
For the same fiscal period year-over-year, revenue has improved to $39.30 billion for 2011 vs. $34.73 billion for 2010. The bottom line has rising earnings year-over-year of $1.45 billion for 2011 vs. $1.18 billion for 2010. The company's earnings before interest and taxes are rising with an EBIT year-over-year of $2.38 billion for 2011 vs. $2.00 billion for 2010.Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins to make sure that the bottom line is keeping up with the top line.
Here is a look at the fiscal year revenue.
Gross reported revenue compared to the mean estimate (rounded).
|Fiscal Quarter Ending Month-Year||Revenue Estimates||Actual||$ Difference||Difference %|
|Aug-11||$ 10.32 B||$ 10.52 B||$ 200.20 M||1.94%|
|May-11||$ 10.42 B||$ 10.55 B||$ 132.50 M||1.27%|
|Feb-11||$ 9.62 B||$ 9.66 B||$ 41.24 M||0.43%|
|Nov-10||$ 9.75 B||$ 9.63 B||$ -118.86 M||-1.22%|
|Aug-10||$ 9.44 B||$ 9.46 B||$ 13.36 M||0.14%|
M = millions, B = billions
Differences are rounded. (Some one-time items are often excluded in reported EPS.)
Reported earnings per share compared to the mean estimate. Differences are rounded.
The total short interest number of shares for FDX.
The number of days to cover short interest based on average daily trading volume for FDX.
Please feel free to share your thoughts and comments.
I use a proprietary blend of technical analysis, financial crowd behavior and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.