Mutual Fund to Active ETF Conversions Continues to Pick Up Steam in 2023
Justin Kuepper
|
Let's take a look at what's driving the trend and some recent examples...
The company reported earnings of $580 million, or $2.01 per share, up from $378 million, or $1.23 per share, a year ago. Analysts expected to see earnings of $1.87 per share.
Revenue
Revenue increased 4% to $11.7 billion from $11.3 billion last year. Analysts expected to see revenue of $11.79 billion.
Outlook
Looking forward, FedEx expects to see FY2015 earnings between $8.80 and $8.98 per share. Analysts are expecting EPS of $8.97.
The company benefited from lower fuel costs on both its aircraft and vehicles. If fuel costs remain low, the company could continue to thrive amid lower energy prices.
In addition to lower fuel costs, FDX benefited from the restructuring of its air express division and favorable weather conditions.
Symbol | Mutual Fund | Stake |
---|---|---|
VPMCX | Vanguard PRIMECAP | 3.46% |
{% mutualfund DODGX %} | Dodge & Cox Stock | 3.11% |
{% mutualfund VTSMX%} | Vanguard Total Stock Market Index | 1.64% |
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The company reported earnings of $580 million, or $2.01 per share, up from $378 million, or $1.23 per share, a year ago. Analysts expected to see earnings of $1.87 per share.
Revenue
Revenue increased 4% to $11.7 billion from $11.3 billion last year. Analysts expected to see revenue of $11.79 billion.
Outlook
Looking forward, FedEx expects to see FY2015 earnings between $8.80 and $8.98 per share. Analysts are expecting EPS of $8.97.
The company benefited from lower fuel costs on both its aircraft and vehicles. If fuel costs remain low, the company could continue to thrive amid lower energy prices.
In addition to lower fuel costs, FDX benefited from the restructuring of its air express division and favorable weather conditions.
Symbol | Mutual Fund | Stake |
---|---|---|
VPMCX | Vanguard PRIMECAP | 3.46% |
{% mutualfund DODGX %} | Dodge & Cox Stock | 3.11% |
{% mutualfund VTSMX%} | Vanguard Total Stock Market Index | 1.64% |
If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.
Receive email updates about best performers, news, CE accredited webcasts and more.
Justin Kuepper
|
Let's take a look at what's driving the trend and some recent examples...
Kristan Wojnar, RCC™
|
Our subjects for this week look at goal setting mistakes, how to deal...
Sam Bourgi
|
Although social media investment opportunities have been hit-and-miss over the years, the technology...
Mutual Fund Education
Justin Kuepper
|
Let's take a closer look at how ESG investments have outperformed during the...
Mutual Fund Education
Daniel Cross
|
While CITs and mutual funds share many similarities, there are some key differences...
Mutual Fund Education
Sam Bourgi
|
The phrase ‘bear market’ has been thrown around a lot lately, but it...