FedEx Corporation (FDX) is set to report its fiscal 2016 first-quarter earnings results today before the markets open. Wall Street analysts are on average expecting FDX to post $12.3 billion in sales during the quarter. This would show a marginal decrease from the Q415 revenue of $12.31 billion and an increase of 5.13% from the same period in Q115. EPS in Q116 are expected to come in at $2.46, a growth rate of 17.14% from $2.10 per share a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $2.46 per share.
As a quick reminder, FDX reported Q415 EPS of $2.66, $0.03 lower than the Street’s consensus estimate of $2.69. Revs increased 2.54% year-over-year to $12.10 billion versus the $12.31 billion consensus.
On valuation measures, FedEx Corp. shares are priced at 42.19x this year’s forecasted earnings. The company’s current year and next year EPS growth estimates stand at 20.90% and 14.70% compared to the industry growth rates of 68.60% and 12.80%, respectively. FDX has a t-12 price-to-sales ratio of 0.89. EPS for the same period registers at $3.65.
FDX shares have declined 6.40% in the last 4 weeks and 15.30% in the past three months. Over the past 5 trading sessions the stock has gained 0.46%. The Memphis Tennessee-based company, which is currently valued at $43.51 billion, has a median Wall Street price target of $196.00 with a high target of $214.00.
FedEx Corp. is up 0.51% year-over-year, compared with a 1.17% loss in the S&P 500.