FedEx (NYSE: FDX ) reported earnings on June 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 31 (Q4), FedEx met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased. GAAP earnings per share shrank significantly.
Gross margins increased, operating margins grew, net margins contracted.
FedEx tallied revenue of $11.44 billion. The 21 analysts polled by S&P Capital IQ wanted to see net sales of $11.45 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $2.13. The 27 earnings estimates compiled by S&P Capital IQ predicted $1.96 per share. Non-GAAP EPS of $2.13 for Q4 were 7.0% higher than the prior-year quarter's $1.99 per share. GAAP EPS of $0.95 for Q4 were 45% lower than the prior-year quarter's $1.74 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.6%, 90 basis points better than the prior-year quarter. Operating margin was 9.6%, 60 basis points better than the prior-year quarter. Net margin was 2.6%, 240 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $11.02 billion. On the bottom line, the average EPS estimate is $1.52.
Next year's average estimate for revenue is $45.91 billion. The average EPS estimate is $7.01.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,123 members out of 2,339 rating the stock outperform, and 216 members rating it underperform. Among 740 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 700 give FedEx a green thumbs-up, and 40 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 $113.42.
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