FedEx Earnings Preview: Demand is Cooling Off ($FDX)

June 24, 2021

FedEx Earnings Preview: Demand is Cooling Off ($FDX)

Over the past year, the rise of eCommerce across the globe has been a massive boon for shipping companies like FedEx (FDX). FDX Purchase Intent Mentions are still booming relative to pre-COVID levels, up +49% vs. 2019 on a 90-day moving average. However, growth has begun to cool off in recent months, down -48% YoY and -19% QoQ.

It’s no secret that elevated eCommerce Demand has been a key component of FDX’s record 2021 fiscal year. Last quarter (21Q3), FDX reported that U.S. domestic residential package volume mix was 70% versus 62% a year ago.

During the 21Q3 conference call, FDX management predicted further growth in the U.S. domestic parcel market, with eCommerce contributing 86% of that growth.

Overall, we’re still expecting to see FedEx report strong top-line revenue results, but that might not be enough to send shares to new highs, considering the market’s heightened expectations.

Want deeper insights? Get Free Access to The Vault.

Related Posts

Consumer shipping demand is normalizing...

United Parcel Service (UPS) After two quarters of explosive demand […]

Read More
Can FedEx (FDX) Deliver?

Can FedEx (FDX) Deliver? Last quarter, FedEx reported that average daily […]

Read More
Transportation Company Comparison $UPS $FDX

Transportation Company Comparison $UPS $FDX Shipping/transportation companies like United Parcel […]

Read More
1 2 3

Related Posts

About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.
© 2024
 LikeFolio. All Rights Reserved.