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FedEx Earnings Preview: Stock Price Discounting A Lot Of Positive News?

FedEx Corporation (NYSE:FDX) reports their 3rd fiscal, 2015 quarter before the opening bell on Wednesday, March 18, 2015.

Analyst consensus per Thomson Reuters, is expecting $1.87 in earnings per share (EPS) on $11.79 billion in revenue for expected year-over-year growth of 52% and 4% respectively.

While the February '15 quarter was weather-plagued like last year, FDX reiterated its $8.50 - $9 per share in EPS guidance for the fiscal year ended May 31 '15 last quarter, and the freight giant could have seen a nice bump in the Express business from the West Coast port shutdown. Read more