FedEx (FDX) closed at $242.96 in the latest trading session, marking a -1.44% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 1.14%, while the tech-heavy Nasdaq lost 0.18%.

Shares of the package delivery company witnessed a loss of 4.54% over the previous month, beating the performance of the Transportation sector with its loss of 7.28% and the S&P 500's loss of 7.29%.

The investment community will be paying close attention to the earnings performance of FedEx in its upcoming release. The company is slated to reveal its earnings on March 20, 2025. The company is predicted to post an EPS of $4.58, indicating a 18.65% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $21.88 billion, up 0.83% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $19.10 per share and a revenue of $87.67 billion, demonstrating changes of +7.3% and +0.02%, respectively, from the preceding year.

It's also important for investors to be aware of any recent modifications to analyst estimates for FedEx. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.24% fall in the Zacks Consensus EPS estimate. FedEx presently features a Zacks Rank of #3 (Hold).

In terms of valuation, FedEx is presently being traded at a Forward P/E ratio of 12.91. For comparison, its industry has an average Forward P/E of 15.19, which means FedEx is trading at a discount to the group.

One should further note that FDX currently holds a PEG ratio of 1.02. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. FDX's industry had an average PEG ratio of 1.25 as of yesterday's close.

The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 222, putting it in the bottom 12% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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