NEW YORK (TheStreet) -- Wall Street will be watching technology companies Adobe Systems and JBL Circuit along with FedEx as the companies report pivotal earnings.
FedEx (FDX)
The Company:
FedEx is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. FedEx trades an average of 2.1 million shares per day with a market cap of $27.7 Billion. FedEx is anticipated to report thriving fourth-quarter earnings before the market opens on Tuesday. The consensus estimate is currently $1.92 a share, an improvement of 17 cents (8.9%) from $1.75 during the same period last year. The trailing 12-month price-to-earnings ratio is 13.9, the mean fiscal year estimate price-to-earnings ratio is 11.59, based on earnings of $7.45 per share this year. Investors are receiving 52 cents in dividends for a yield of .6%. In the last month, the stock has fallen -1.71%, and a week ago the price tested the 200-day moving average. I am a long-term bull with Fedex. I believe both FedEx and UPS (UPS) are going to benefit from falling fuel prices. Switching over to natural gas is already starting to pay off and margins should improve with lower costs. Management has provided an improvement in year-over-year revenue. Revenue reported was $39.30 billion in the last fiscal year compared to $34.73 billion in the previous year. The bottom line has rising earnings year-over-year of $1.45 billion last fiscal year compared to $1.18 billion in the previous year. Industry and peer comparison:Select the service that is right for you!
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