FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing (Oct 29)
Published . Updated .
This report is about container shipping.
Directly affected
- FDXF FedEx Freight Holding+4.9% 14d
Named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- ZIM ZIM Integrated Shipping Services+1.3% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- MATX Matson-6.5% 8d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- KEX Kirby+3.6% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| FDXF | +0.14% | -1.32% | base | +14.84% | +20.05% | after close | after close |
| BWET | -4.39% | -4.27% | base | +0.00% | -2.78% | after close | after close |
| IYT | -1.72% | +0.71% | base | +0.07% | +1.84% | after close | after close |
| ZIM | +0.38% | +1.68% | base | -3.22% | -3.03% | after close | after close |
| MATX | +0.75% | +2.33% | base | -1.43% | -2.53% | after close | after close |
| DAC | -0.53% | -1.04% | base | -1.12% | -3.05% | after close | after close |
| KEX | -8.80% | -5.86% | base | -1.31% | -3.65% | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing (Oct 29) Central Oregon Daily
Source: Central Oregon Daily
Shipping
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | 0.00% | final price |
| BWET | the next day | -2.78% | final price |
| BWET | three days earlier | -4.27% | final price |
| BWET | five days earlier | -4.39% | final price |
| DAC | that day | -1.12% | final price |
| DAC | the next day | -3.05% | final price |
| DAC | three days earlier | -1.04% | final price |
| DAC | five days earlier | -0.53% | final price |
| FDXF | that day | +14.84% | final price |
| FDXF | the next day | +20.05% | final price |
| FDXF | three days earlier | -1.32% | final price |
| FDXF | five days earlier | +0.14% | final price |
| IYT | that day | +0.07% | final price |
| IYT | the next day | +1.84% | final price |
| IYT | three days earlier | +0.71% | final price |
| IYT | five days earlier | -1.72% | final price |
| KEX | that day | -1.31% | final price |
| KEX | the next day | -3.65% | final price |
| KEX | three days earlier | -5.86% | final price |
| KEX | five days earlier | -8.80% | final price |
| MATX | that day | -1.43% | final price |
| MATX | the next day | -2.53% | final price |
| MATX | three days earlier | +2.33% | final price |
| MATX | five days earlier | +0.75% | final price |
| ZIM | that day | -3.22% | final price |
| ZIM | the next day | -3.03% | final price |
| ZIM | three days earlier | +1.68% | final price |
| ZIM | five days earlier | +0.38% | final price |
How solid the shipping case looks
12 out of 100
“FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing (Oct 29)” scores 12 out of 100. The score uses 1 sources.