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Memphis-based delivery courier delivery services provider FedEx (FDX) - Get Free Report has added nearly 20% to its stock value in the past 6 months but was trading slightly in the red Monday at $196.37 apiece-- a day ahead of reporting its earnings results for the second quarter of fiscal 2017. 

But while the company has eased off an all-time high of $201.57 per share hit in early December, a new administrative regime has industry followers optimistic over the potential for even greater U.S. transportation heights in 2017. 

A consensus of analysts surveyed by FactSet expect FedEx to report flat quarter-over-quarter earnings of $2.90 per share on $14.8 billion in revenues for the second frame of its fiscal 2017 calendar.

But consensus estimates are calling for significant year-over-year growth in both fiscal 2017 and 2018 for FedEx. 

In the company's fiscal first quarter, it posted slightly better-than-expected earnings of $2.90 per share on roughly in-line sales of $14.7 billion, according to FactSet.

FedEx' fiscal first quarter earnings did come in 12% below the previous quarter, but the company's profits grew substantially from the same period a year ago when it posted earnings of $2.42 per share. 

And FedEx' share price has surged in the final days of 2016, as the entire U.S. transportation sector is seeing market value growth since Donald Trump was elected the 45th President of the United States on Nov. 8. 

United Parcel Service (UPS) - Get Free ReportJ.B. Hunt Transport Services (JBHT) - Get Free Report and Old Dominion Freight Line (ODFL) - Get Free Report have all seen share prices climb since the election. 

A 21% boost over the past three months could lead many investors to be concerned over whether there are any gains left to be made in the near-term for U.S. transportation players like FedEx, Deutsche Bank analysts implied in a research report released earlier this month.

Nevertheless, the industry followers believe there is further upside potential for these names in early 2017. 

Potential shifts in tax and trade policies and an acceleration in demand could spur even greater earnings growth, the firm opined, leading to boosted stock prices considering the market recently has been pricing in little-to-no growth for many U.S. transportation players', including FedEx. 

"We conclude that while the recent run in U.S. Transportation shares has been impressive, we see plenty of room for [additional] value creation," Deutsche Bank analyst Amit Mehrotra wrote.

Indeed, the chances may be good for FedEx to see a stock boost in the near-term as some analysts expect the company to beat earnings predictions for the fifth consecutive quarter this week.

Oppenheimer analysts Scott Schneeberger and Greg Charpentier are calling for 13% year-over-year growth for the fiscal second quarter with an above-consensus earnings estimate of $2.92 per share. 

"We're on board with FedEx heading into the peak holiday season/F2Q17 results," the analysts wrote last week. "A stronger than previously anticipated economic backdrop (C3Q16 US GDP growth of 3.2%), and continued operational momentum/margin improvement underlie our optimism."

FedEx expects to report earnings Tuesday, Dec. 20, around 4:15 p.m. ET, and the company will hold a conference call with analysts to discuss the results at 5 p.m.