The consensus third-quarter revenue estimate is $22.74 billion, down 0.3% sequentially and 5.1% lower year over year. Adjusted EPS are forecast at $2.74, down 13.9% sequentially and by 40.3% year over year. For the full 2023 fiscal year ending in May, analysts expect EPS of $13.61, down 34%, on sales of $92.02 billion, down 1.6%.
FedEx stock trades at 14.1 times expected 2023 EPS, 11.3 times estimated 2024 earnings of $16.93 and 9.5 times estimated 2025 earnings of $20.20 per share. The stock’s 52-week range is $141.92 to $248.76. FedEx pays an annual dividend of $4.60 (yield of 2.21%). Total shareholder return for the past year was negative 7.31%.
Xpeng
China-based electric vehicle maker Xpeng Inc. (NYSE: XPEV) has seen its share price drop by about 60% over the past 12 months. Since putting in a 52-week low in early November, the shares are up about 18%. The big bump to shares came with the loosening of the pandemic lockdowns in China, but since peaking in early January, the stock is down nearly 35%. Auto sales have been drifting lower, due in part to price cuts on Tesla cars. Xpeng is scheduled to report quarterly results Friday morning.
Of 25 analysts covering the stock, 15 have a Buy or Strong Buy rating and six rate it at Hold. At a share price of around $7.80, the upside potential based on a median price target of $12.08 is 54.9%. At the high price target of $38.35, the upside potential is more than 350%.
Fourth-quarter revenue is forecast at $771.44 million, down 19.3% sequentially and by 42.6% year over year. The company’s adjusted loss per share is forecast at $0.35, compared to a per-share loss of $0.36 in the prior quarter. A year ago, Xpeng reported a loss per share of $0.22 in the December quarter. For the full 2022 fiscal year, the company is expected to post a loss per share of $1.19, compared with 2021’s loss of $0.86 per share, on sales of $3.95 billion, up 19.6%.
Xpeng is not expected to report a profit in 2022, 2023 or 2024. The enterprise value to sales multiple for 2022 is 1.0, falling to 0.6 and 0.4 in 2023 and 2024, respectively. The stock’s 52-week range is $6.18 to $35.35. Xpeng does not pay a dividend, and total shareholder return for the past year is negative 60.51%.
Originally published at 24/7 Wall St.
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