FedEx (FDX) Stock: Why It Increased 0.84%

By Amit Chowdhry ● Sep 23, 2022
  • The stock price of FedEx (FDX) increased by 0.84% in the most recent trading session. This is why.

The stock price of FedEx (FDX) increased by 0.84% in the most recent trading session. 

Why: Q1 results

Details: FedEx reported a Q1 EPS of $3.44, which was $0.64 higher than analyst estimates of $2.80. And the revenue for the quarter was $23.2 billion compared to the consensus estimate of $23.78 billion.

Guidance: FedEx estimates a Q2 2023 EPS of $2.75 or greater, compared to the consensus of $3.33. And FedEx estimates Q2 2023 revenue of $23.5 billion to $24 billion, compared to the consensus of $24.05 billion.