Earnings and revenue numbers from FedEx Stock pummeled estimates and show why investors need to be watching and trading this stock through 2018.
FedEx reported earnings per share of $3.18 versus estimates of $2.88. That’s a difference of 10.4% for the quarter.
Revenue came in at $16.31 billion versus estimates of $15.68 billion. That’s a huge difference of over $600 million.
Meanwhile FedEx reports that they are seeing record holiday shipments and forward guidance for 2018 should come in at $12.70 to $13.30 a share. What is most interesting is comments from FedEx that if the Tax Reform Bill passes into law they expect earnings could improve by as much as $5.00 a share.
The current trade in FedEx Stock should do well and I will be posting more trades shortly for FedEx Stock. This is definitely one stock to keep for regular trading in the portfolio for next year.
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