Vantage uses cookies that are essential for our website to work. We also use optional analytical cookies to help us to improve our website and the services, content and ads we provide to you which you can accept or reject here. Please see our Cookies Policy for more information on how we use cookies.
CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs and Spread Bets work and whether you can afford to take the high risk of losing your money. Please seek independent advice if necessary.
Will FedEx Deliver Stellar Earnings Amid Difficult Macroeconomic Conditions?
September 20,2022 14:39:20With a challenging macro outlook being one of the major concerns for the financial markets, FedEx Corporation is all set to release its earnings results on Thursday, September 22, 2022.
How has FedEx performed so far?
The freight and logistics company has been going through a difficult phase, with macroeconomic conditions turning unfavourable for freight firms this year.
The company has recently announced a restructuring plan to enhance long-term shareholder value. But even as FedEx’s restructuring plan starts to take shape, the macro environment has continued to negatively impact its overall margins, resulting in a decline in share prices. FedEx’s stock has declined almost 20% this year, down significantly from its closest competitor, United Parcel Service Inc, which is down just 7% year-to-date.
What do analysts expect from the upcoming report?
With FedEx scheduled to release its earnings this week, analysts are concerned about the difficult macro environment many freight companies are facing.
Analysts at Citi recently downgraded FedEx from Buy to Neutral due to expectations of macroeconomic headwinds impacting the company’s overall earnings growth. “We continue to see lots of potential for cost takeout and streamlining in the business, consistent with the company’s 3-year plan laid out in June for $2b+ in cost takeout,” Citi said in a note.
UBS and Morgan Stanley analysts also lowered their price targets on the stock in September.
With the involvement of D.E. Shaw and the company’s focus on reducing costs, FedEx is expected to become an attractive long-term investment.
FedEx is expected to report quarterly earnings of $5.18 per share on revenue of $ 23.59 billion.
How to trade FedEx’s earnings report
Traders can take advantage of share price movements following FedEx’s upcoming earnings report even without owning the company’s shares. Trading via Share CFDs allows you to speculate on stock prices at a fraction of the cost of owning individual shares. ETFs are another way to gain exposure to some of the most promising stocks in the world.
Are you ready to participate in the global stock markets?
Start your trading journey with Vantage.
Open a RAW ECN account and start trading with spreads from 0.0 pips.
Fast & easy account opening
-
Register
Choose an account type and submit your application
-
Fund
Fund your account using a wide range of funding methods.
-
Trade
Access 1000+ CFD instruments across all asset classes on MT4
About us
Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares.
With more than 10 years of market experience and headquartered in Sydney, Vantage now has over 1,000 staff across more than 30 global offices.
Vantage is more than a broker. It provides a trusted trading ecosystem that enables clients to achieve their own success, in a faster and simpler manner.
Empowering you to better trade on the right market opportunities. trade smarter @vantage.
