FedEx (FDX) is set to report Q2 (Nov) earnings results today after the close with a call to follow at 5:30pm ET.
The CapitalIQ consensus is for EPS of $4.01 and revenue of $19.45 bln.
Last quarter, FDX reported 3 minutes after the close.
It would be a positive if FDX would start providing guidance again.
Ecommerce business is helping FDX boom currently with more people buying online and working remotely. Expectations are likely running pretty high heading into this quarter given FDX's recent beats.
This will be an important quarter because it's the start of the holiday season and with people buying gifts online, it's expected to be a big quarter.
TECHS:
FDX likely saw a continued growth in ecommerce. The question is how much good news is already priced into the stock considering it has tripled from its March lows.
UPS (UPS) is set to report Q4 results in late January. This report should help set expectations for that earnings report.
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