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Stock impact report

FedEx Corporation: Stay Hold Rated Because Of The Near-Term Earnings Volatility [Seeking Alpha]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: Seeking Alpha
FDX's resilience in healthcare and automotive B2B segments creates a defensible moat and offsets some macro softness. Freight segment underperforms, with revenue down 2% y/y and EBIT margin falling 300 bps to 11.3%. With ~$900 million in cost headwinds and a 14x NTM PE, FDX's valuation is not compelling amid earnings volatility. Pgiam/iStock via Getty Images Summary Following my coverage on FedEx Corporation ( FDX ) earlier last year, which I downgraded to a hold rating as the risk reward was much less attractive, this post is to provide an update on my This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in Show less Read more
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