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    Default FedEx Facing Hurdles Ahead Of Fiscal First-Quarter Earnings

    Change FedEx To Win: FedEx Facing Hurdles Ahead Of Fiscal First-Quarter Earnings

    Summary

    FedEx is scheduled to report fiscal first-quarter earnings after the closing bell on Tuesday.
    Earnings have declined in each of the last two quarters, and they are expected to decline again.
    The stock faces numerous layers of resistance if it is going to start a new upward trend.
    Sentiment toward the stock is slowly shifting to a more bearish stance, but it is far from extreme pessimism.
    The world's largest overnight delivery company has seen its stock struggle over the past year and investors are hoping the next earnings report can give the stock a boost. Memphis-based FedEx (FDX) is scheduled to report fiscal first-quarter earnings after the closing bell on Tuesday.
    Analysts expect the company to report earnings of $3.17 per share on revenue of $17.09 billion. The earnings figure would mark a decline in earnings of 8.4% from the $3.46 EPS reported in the first quarter of 2019. The revenue figure came in at $17.05 billion one year ago, so analysts are looking for a slight increase.
    Last edited by 222lifer; 09-16-2019 at 05:16 PM. Reason: Trimmed a bit

 

 

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