Katie O'Brien
1
All posts from Katie O'Brien
Katie O'Brien in Senior Content Editor,

FedEx to Post Earnings Report, Analyst Expect Increases

Fedex (NYSE: FDX) is reported to be releasing its third quarter earnings report Wednesday morning, with positive expectations for analysts, according to CNBC. The company, which profited greatly from the dip in oil costs over the past few months, is projected to release positive margins.

For the past few months, the stock as seen a price range between $167 and $183, however, if the company profited as much as analysts are projecting, will surpass its 52-week high, CNBC reported.

"We expect FDX to put up strong results, but we believe the headwinds from foreign exchange and rising fuel costs will likely prevent the company from raising its full-year outlook," said RBC Capital Markets Analyst John Barnes said, CNBC reported.

According to CNBC, Fedex has an earnings per share estimate of $1.87.