The Week in Preview: FedEx vs. Nike, Gamestop, Discover

Filed under: Earnings Reports, Forecasts, FedEx Corp (FDX), NIKE, Inc'B' (NKE), Federal Reserve, GameStop Corp (GME)

If FedEx can still be considered a bellwether for the U.S. economy, then judging by the expectations of analysts surveyed by Thomson Reuters, things must be looking pretty bright. But then again, the expectations for this week's quarterly reports from Nike, GameStop, and Discover tell a different story.

Memphis-based FedEx Corp. (FDX), announced an increase in ground rates and also delivered two pandas from the U.S. to China with its new Boeing 777F during its fiscal third quarter. Earnings for that period are expected to have more than doubled from a year ago to $0.72 per share. And revenue for the three months that ended in February is expected to have risen 2.4% to $8.3 billion. Analysts so far expect sequential and year-over-year growth of EPS and revenue in the fourth quarter. FedEx only fell short of earnings estimates in one of the past five quarters.

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The Week in Preview: FedEx vs. Nike, Gamestop, Discover originally appeared on BloggingStocks on Sun, 14 Mar 2010 12:30:00 EST. Please see our terms for use of feeds.