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Are You Expecting This from FedEx?

Monday - 3/18/2013, 4:28pm  ET

FedEx is expected to report Q3 earnings on March 20. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict FedEx's revenues will increase 2.8% and EPS will decrease -10.3%.

The average estimate for revenue is $10.86 billion. On the bottom line, the average EPS estimate is $1.39.

Revenue details
Last quarter, FedEx reported revenue of $11.10 billion. GAAP reported sales were 4.9% higher than the prior-year quarter's $10.59 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $1.39. GAAP EPS of $1.39 for Q2 were 11% lower than the prior-year quarter's $1.57 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 24.7%, 80 basis points worse than the prior-year quarter. Operating margin was 6.5%, 90 basis points worse than the prior-year quarter. Net margin was 3.9%, 80 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $44.21 billion. The average EPS estimate is $6.31.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,121 members out of 2,335 rating the stock outperform, and 214 members rating it underperform. Among 757 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 718 give FedEx a green thumbs-up, and 39 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FedEx is outperform, with an average price target of $103.96.

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This article was originally published as Are You Expecting This from FedEx?on Fool.com

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