The Week in Preview: Earnings Spotlight on FedEx and Best Buy

Filed under: Earnings Reports, Forecasts, Best Buy (BBY), FedEx Corp (FDX), Economic Data

Ostensible bellwether FedEx Corp. (FDX) is scheduled to step into the earnings spotlight this week. Analysts surveyed by Thomson Reuters on average expect this Memphis-based transportation and package delivery giant to report that its fiscal fourth-quarter earnings more than doubled from a year ago to $1.32 per share.

FedEx's revenue for the three months that ended in May is expected to total $9.0 billion, which is 15.2% higher than the same period of last year. FedEx's per-share earnings have not fallen short of consensus estimates in the past four quarters. The First Call recommendation of 23 analysts is to buy FDX and has been for more than 90 days. Shares have retreated from April's 52-week high of $97.75 and closed last week at $80.63.

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The Week in Preview: Earnings Spotlight on FedEx and Best Buy originally appeared on BloggingStocks on Sun, 13 Jun 2010 12:30:00 EST. Please see our terms for use of feeds.

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FedEx - Best Buy - Thomson Reuters - BloggingStocks - FDX

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