SAN FRANCISCO – JUNE 21: A FedEx delivery truck drives through Union Square June 21, 2006 in San … [+]
FedEx Corp is scheduled to report earnings after Thursday’s close. The stock just hit a record high of $319.90/share and is currently trading near $302/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 $5.04/share on $21.39 billion in revenue. Meanwhile, the so-called Whisper number is a gain of $5.19/share. The Whisper number is the Street’s unofficial view on earnings.
Charts & Data Courtesy MarketSmith Incorporated
A Closer Look At The Fundamentals:
The company has managed to grow its earnings and sales very nicely over the past few quarters as the world has shifted to shipping things online. The last quarter earnings soared by a very impressive +146% which is very healthy.
A Closer Look At The Technicals:
Technically, the stock is acting very well and is building a long base. A move above $319.90 will be very bullish for the stock.
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.
