FedEx (FDX) Reports Q2 Earnings: What Key Metrics Have to Say

For the quarter ended November 2024, FedEx (FDX) reported revenue of $21.97 billion, down 0.9% over the same period last year. EPS came in at $4.05, compared to $3.99 in the year-ago quarter.The reported revenue represents a surprise of -0.34% over the Zacks Consensus Estimate of $22.04 billion. With the consensus EPS estimate being $3.90, the EPS surprise was +3.85%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how FedEx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: FedEx Express - Package - Average daily package volume - Total ADV: 17.13 million compared to the 17.2 million average estimate based on four analysts. FedEx Express - Package - Average daily package volume - Total international export ADV: 1.18 million versus 1.15 million estimated by four analysts on average. FedEx Express - Package - Average daily package volume - U.S. deferred: 1.01 million compared to the 995.7 thousand average estimate based on four analysts. FedEx Express - Package - Average daily package volume - International domestic: 2.06 million versus 2.01 million estimated by four analysts on average. Revenue- Other and eliminations: $949 million versus $945.05 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +12% change. Revenue- FedEx Freight segment: $2.18 billion compared to the $2.38 billion average estimate based on six analysts. The reported number represents a change of -7.8% year over year. Revenue- Federal Express segment: $18.84 billion versus the six-analyst average estimate of $18.70 billion. The reported number represents a year-over-year change of +83.7%. Revenue- FedEx Express- Freight- U.S. $383 million versus $447.56 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -34.4% change. Revenue- FedEx Express- Package- U.S. deferred: $1.20 billion versus $1.16 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -0.8% change. Revenue- FedEx Express- Package- U.S. priority: $2.56 billion compared to the $2.49 billion average estimate based on five analysts. The reported number represents a change of -1.6% year over year. Revenue- FedEx Express- Package- Total U.S. domestic package revenue: $12.02 billion versus the five-analyst average estimate of $12.12 billion. The reported number represents a year-over-year change of +215.2%. Revenue- FedEx Express- Package- Total package revenue: $17.03 billion compared to the $16.96 billion average estimate based on five analysts. The reported number represents a change of +103.3% year over year. View all Key Company Metrics for FedEx here>>>Shares of FedEx have returned -5.2% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FedEx Corporation (FDX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks