FedEx is set to report its fiscal 2026 fourth-quarter results on Tuesday, covering a period that includes both its core operations and the newly independent FedEx Freight. This earnings report will be challenging to interpret due to the company's transition to a December fiscal year and the complexities introduced by the spin-off.
Analysts expect FedEx to report revenues of $24.04 billion and earnings per share of $5.96, but the guidance may be difficult to compare with Wall Street estimates. CEO Raj Subramaniam's commentary on profitability and potential stock buybacks will be closely watched.
Meanwhile, the inflation data from the personal consumption expenditures price index, due Thursday, is expected to reflect recent fluctuations in oil prices, which have dropped significantly due to geopolitical developments. This could impact future Federal Reserve rate hikes.
Lastly, Micron's earnings report on Wednesday is anticipated to provide insights into the memory chip market, which has seen soaring prices due to high demand from data centers. Micron's results will be significant not only for its own stock but also for major tech companies like Microsoft and Meta Platforms, which are facing increased costs for memory components.
Overall, these events could have substantial implications for FedEx, the inflation outlook, and the semiconductor industry