FedEx has delivered disappointment, earnings could change that, Barron’s says

FedEx stock hasn’t been able to get out of its own way-but it might finally be ready to deliver for investors, Jacob Sonenshine writes in this week’s edition of Barron’s. Investors are right to be wary. In March, management guided full-year earnings to $17.75 a share at the midpoint of the range, which was unchanged from the previous guide. But FedEx reported third quarter sales below estimates and down 2.2% year over year. Despite the March disappointment, FedEx looks set for a solid release, the author says.