- June 25, 2021
- Posted by: Stratford Team
- Category: Business
FedEx (FDX) is poised to report fiscal fourth-quarter earnings after market close on Thursday, with the shipping company’s results likely to get a boost from persistent strength in e-commerce and a pick-up in business and international shipping.
Here are the main metrics expected from FedEx’s report, compared to consensus estimates compiled by Bloomberg:
The Memphis, Tennessee-based company is expected to see sales grow by 24% over last year, or at the fastest rate since at least 2010, based on Bloomberg data spanning back more than a decade. Results for the three months ending in May will be aided by a consumer still shopping heavily online, along with a boost in business-to-business shipment spending as vaccinations picked up and more firms reopened in the spring.
And with shipping demand elevated, the company has also demonstrated strong pricing power, which could support margins and overall profits for the quarter. FedEx Express package and freight…