Having topped analysts' estimates last quarter by 19 cents per share, FedEx is expected to deliver its latest earnings on Tuesday, June 19, 2012.
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Analysts currently expect FedEx to come in with earnings of $1.92 per share on revenues of $11.13 billion. Analyst estimates range from $1.82 per share to $2 per share. Over the past three months, the average estimate has moved down from $1.97.
Last Quarter's Results
Analysts are bullish on the stock as 18 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
The stock fell $3.89 per share between May 31, 2012 and June 1, 2012. Looking at change over the last three months, March 16, 2012 and June 12, 2012, the stock price fell $6.65 (-7%), from $94.34 to $87.69.
Reporting Period: 4Q
Date of Release: Tuesday, June 19, 2012
Revenue Estimate: $11.13 billion