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TheStreet Open House

Top 7 Earnings to Watch Next Week

Stocks in this article: ORCL ADBE GIS TIBX FDX CAG RAD WAG

NEW YORK ( TheStreet) -- After a brutally slow week in earnings, the week of Sept. 17 delivers two scoops of volatility into the market. While technology leads in terms of influence, FedEx's report is likely to give us a closer look into the overall health of the economy. FDX Chart FDX data by YCharts

Fedex (FDX - Get Report)

Background: FedEx is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. The company was founded in 1971 and is headquartered in Memphis, Tenn. FedEx trades an average of 2.2 million shares per day with a marketcap of $28 billion.

52 Week Range: $64.07-$97.19

Book Value: $46.46

Price to Book: 1.91

TheStreet'sJim Cramer writes about FedEx in The Defense Never Rests (You need a Real Money Pro account to read, but any serious investor should have one.)

FedEx is forecast to report significantly weaker first-quarter earnings before the market opens on Sept. 18. The consensus estimate is currently $1.40 a share, falling 6 cents (4.1%) from $1.46 during the same period last year.

Fifteen out of 21 analysts (70%+) rate FedEx a buy or strong buy. The company has 6 holds, and not a sell rating to be found. The average analyst target price for FedEx is $104.59.

From a technical perspective, the chart on FedEx looks interesting. After Ben Bernanke and the Fed announced a refill of the cool-aid, FedEx stock took off running higher (along with the rest of the market). FedEx is now above the 200-day moving average again.

The trailing 12-month price-to-earnings ratio is 13.6, the mean fiscal year estimate price-to-earnings ratio is 12.7, based on earnings of $7.02 per share this year.

Shareholders receive 56 cents annually in dividend payments. The yield based on a recent price is .63%. The dividend has grown by an average of 7.6% in the last five years.

Even after the increase following the QE3 announcement, shares are slightly lower in the last month of trading. Shares are about break even at 0.5% less than a month ago.

In the previous FedEx's earnings release on June 19, the closing price was $91.01. In comparison to a recent price of $90.47, shares are down 0.6%.

The last reported short interest is small at 1.7%.

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