FedEx (FDX) Stock: Why It Increased 7.16%

By Amit Chowdhry ● Jun 25, 2022
  • The stock price of FedEx Corporation (NYSE: FDX) increased by 7.16% in the previous trading session. This is why.

The stock price of FedEx Corporation (NYSE: FDX) increased by 7.16% in the previous trading session. Investors are responding positively to the company’s fourth-quarter results.

FedEx had reported a Q4 EPS of $6.87, which was $0.01 lower than analyst estimates of $6.88. And the revenue for the quarter was $24.4 billion compared to the consensus estimate of $24.47 billion.

Going forward, FedEx expects 2023 EPS of $22.50-$24.50, compared to the consensus of $22.41.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.