FedEx Reports After Thursday’s Close. Here’s What To Expect.

FedEx Inc.
FDX
is scheduled to report earnings after Thursday’s close. The stock hit a record high of $305.66/share in 2020 and is currently trading near $260/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Earnings Preview:

The company is expected to report a gain of $3.21/share on $19.86 billion in revenue. Meanwhile, the so-called Whisper number is a gain of $4.12/share. The Whisper number is the Street’s unofficial view on earnings.

A Closer Look At The Fundamentals:

The company’s earnings grew by 92% and 60% in the last two quarters and revenue grew by 19% and 13%, respectively. That is encouraging because as the world get’s back to normal more things will be delivered and that should bode well for the company.

A Closer Look At The Technicals:

Technically, the stock looks attractive as it is building a new base to consolidate its recent and robust rally over the past 12 months. The bulls want to see the stock jump above $272 and then above the all-time high of 305.66 which would trigger a new technical breakout.

Pay Attention To How The Stock Reacts To The News:

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.