Domestic and International segments seeing average daily volumes down 9.9% and 6.6% throughout its latest quarter. UPS has also been experiencing a soft demand environment, with its U.S. United Parcel Service is scheduled to reveal its quarterly results on October 26 th before the market’s open. To calculate your rate, you need to find the zone for your shipment. FedEx is currently a Zacks Rank #2 (Buy). It shows the zone for any- where your FedEx Express or FedEx Ground shipment is going. Analysts raised their expectations across nearly all timeframes following the release. How to use this chart: Shipping with FedEx distance-based rates is easy with this zone locator specially customized to your origin location. Undoubtedly a positive for shareholders, the company’s DRIVE program is expected to result in $1.8 billion of permanent cost reductions for FY24. prior views of flat to low-single-digit growth. The original revenue forecast saw a downward adjustment, with FDX now expecting flat year-over-year growth vs. The company provided somewhat mixed updated guidance for its fiscal 2024, expecting adjusted EPS in a band of $17.00 – $18.50 per share (previously $16.50 – $18.50 per share). In fact, the program is expected to deliver $4 billion in cost savings for its next fiscal year (FY25), with margins expected to expand nicely. Still, despite ongoing demand weakness, the company’s DRIVE program has allowed it to achieve meaningful cost-saving measures, explaining the sizable bottom line beat.
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