FedEx(NYSE:FDX) stock fell by 9.12% on Wednesday after the company reported its Q1 earnings results on Tuesday, September 21, 2021 at 04:04 PM.
Here’s what investors need to know about the announcement.
Earnings
FedEx missed their estimated earnings by 12.6%, which surprised analysts.
Revenue was up $2,682,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02, which was followed by a 3.63% drop in the share price the next day.
Here’s a look at FedEx’s past performance and the resulting price change:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|
| EPS Estimate | 5 | 4.99 | 3.24 | 4.01 | 2.69 |
| EPS Actual | 4.37 | 5.01 | 3.47 | 4.83 | 4.87 |
| Price Change % | -9.12% | -3.63% | 6.1% | -5.71% | 5.76% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
The company also lowered its guidance for FY21.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
