FDX - FedEx Earnings Preview: Stock's Cheap On Forward P/E And 5% Free Cash Flow Yield Basis
2024-06-24 07:05:00 ET
Summary
- The Street is seeing the first expected, positive yoy growth since mid-22 for FedEx’s revenue, operating income, and earnings per share when the company reports its Q4 2024 earnings this week.
- CEO Raj Subramaniam in the last 18 months has said that FedEx’s goal is for consistent (within reason) 10% operating margin over time, but I think Raj and the FedEx management team will have to do better than that for shareholders.
- The US and the rest of the world are returning to a more normal ecommerce and freight delivery market the last 24 months, and FedEx will be greatly served to continue to rationalize margins and push for better efficiencies.
FedEx ( FDX ) revenue has declined on a y-o-y (yoy) basis for the last 6 quarters....
FedEx Earnings Preview: Stock's Cheap On Forward P/E And 5% Free Cash Flow Yield Basis