5 Crucial Takeaways From FedEx's Earnings
While the media's attention was firmly focused on the $300 million income hit from a cyberattack, FedEx Corporation's (NYSE: FDX) recent earnings presentations contained a whole lot more useful information for investors. Let's look at the five key takeaways from the earnings and how they might affect the investment thesis behind buying both FedEx and, by extension, United Parcel Service, Inc. (NYSE: UPS) stock.
The impact of the malware attack on FedEx is bigger than just the lost income in the quarter. For example, management expects "ongoing, but diminishing, financial impacts from the cyberattack for the remainder of 2018 in the form of lower revenues and higher investments related to information technology."
The attack was limited to TNT Express, an acquired business that FedEx is currently integrating, and FedEx's management accelerated parts of the integration process in response to events. Consequently, FedEx now expects $350 million in integration expenses in 2018, an estimate $75 million more than made previously.
Source: Fool.com
United Parcel Service Inc. Aktie
Mehrere Buy-Einschätzungen bei United Parcel Service Inc., die die Sell-Zahlen überflügeln.
Für United Parcel Service Inc. sieht die Community ein Kursziel von 157 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 114.66 € bedeutet.
