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FedEx Guidance Basis Not Welcomed |
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| Mar 20, 2008 03:26 PM UTC |
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Tracked Blogger
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3/20 - "FedEx's guidance is a bit of a disappointment, although on the commentary more than the net results seen ahead. It sees next quarter estimates at $1.60 to $1.80 vs. $1.95 estimates. But its guidance is based on the assumption so long as the economy doesn't weaken further and so long as fuel prices don't rise further." "The company is also cutting its FedEx Kinko's expansion rates in the U.S. this year, which sounds a lot like a coffee company we all know. FedEx also noted that growth looks very limited in 2008." 
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2 Related Views
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 N/A risk: moderate |
Let's Retire the FedEx Barometer Cliche
3/20 - "FedEx Corp (FDX) is having a tough morning, having barometerannounced a 6% drop in third-quarter earnings and - perhaps more ominously - also disclosed that neither the fourth quarter nor next year look particularly rosy. That kind of talk gets a lot of jaws flapping, on the premise that shipping companies possess on-the-ground data about how businesses are really doing."
"The proble...
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N/A risk: moderate |
Lowering Estimates on Cautious Guidance, Maintaing Outperform Rating
3/20 - "...management commented that they do not have as much confidence in the fourth quarter range as usual given the volatility in fuel prices. For fiscal year 2009, management guided for limited earnings growth if current fourth quarter trends continue. Management's guidance is predicated on expectations for slower U.S. GDP growth in calendar 2008 than last year. U.S. GDP grew at an average...
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