After hours on Tue Sep 17 2019 FedEx announced disappointing earnings and its stock plunged 9% after hours. Support in the stock is down at the $155 level which the stock reached after hours.
Revenue came in at $17.05 billion missing estimated of $17.06 billion. Earnings came in at $3.05 a share versus $3.15 estimated, versus $3.46 for the same quarter last year.
However it was the forward guidance and its outlook that stunned investors. The company blamed a “weakening global macro environment drive by increasing trade tensions and policy uncertainty” for its outlooks being lowered for the upcoming year. They expect earnings per share to fall to somewhere between $11 to $13 versus the original estimates of $14.73 a share.
On Tue Sep 17 2019 I setup on Trade Ahead Of Earnings Strategy in FedEx Stock (FDX). Here is how I will be handling the trade on Wednesday and the outlook for other trades in the stock in coming days and weeks.
The rest of this FedEx Stock (FDX) trade alert and ideas article is for FullyInformed Members.
FedEx Stock (FDX) Earnings Stunner Plunges Stock – Trade Ideas for Wed Sep 18 2019
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.