FedEx corporate announcements or SEC filings

FedEx Q4 2024 Earnings: EPS $5.41, Revenue $22.1B, Stock Up 16%, Announces $5 Billion Buyback

Jun 25, 2024, 08:09 PM

FedEx Corp reported its Q4 2024 earnings, revealing an adjusted earnings per share (EPS) of $5.41, surpassing the estimate of $5.34 and the consensus estimate of $5.37. The company's revenue for the quarter stood at $22.1 billion, matching expectations and surpassing the estimate of $22.056 billion. FedEx also provided an optimistic outlook for fiscal year 2025, projecting adjusted EPS between $20.00 and $22.00, compared to the consensus estimate of $20.85. Additionally, the company announced a new $5 billion share repurchase program. The report highlighted a 1.91% EPS surprise and a 5.63% price change one day after earnings. FedEx also noted significant progress in operating income growth. Following the earnings report, FedEx's stock saw a significant increase, trading up nearly 16% and reaching its highest level since 2021.