2024-06-28 18:36:56 ET
Summary
- FedEx stock is up nearly 15% following Q4 earnings report.
- The company is considering spinning off FedEx Freight, potentially providing a windfall to shareholders.
- The DRIVE cost-saving initiative has led to increased margins and consolidation of operations, making FedEx a solid investment option.
I last reported on FedEx ( FDX ) late last March in an iREIT article, where I rated the stock as a hold. Despite rising nearly 15% following this week’s earnings report, the shares are still down single digits since that piece debuted.
The latest earnings call provides evidence that FedEx is back on a growth path following several consecutive quarters of lackluster results. Even so, I’ll admit that I find the sudden surge in the share price a bit overdone....
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For further details see:
FedEx Q4: Why The Stock Is A Hold After A 10% Earnings Jump