Is fedex expected to rise still

FedEx Corporation (FDX) is not expected to rise significantly in the near term, based on the following analysis:

1. Recent Performance: FedEx has recently underperformed, with its stock losing 5.79% over the past month, underperforming the S&P 500's gain of 3.71%.
2. Earnings Release: The company is scheduled to release its earnings on June 25, 2024. The upcoming EPS is projected at $5.34, indicating an 8.1% increase compared to the same quarter of the previous year. However, the revenue projection shows only a 0.85% rise from the equivalent quarter last year.
3. Growth Rates: FedEx's net income year-on-year growth rate is -4.16%, and its total revenue year-on-year growth rate is 0.82%. These modest growth rates suggest that the company is not experiencing explosive growth that would typically drive stock prices up.
4. Analyst Ratings: Despite some positive analyst ratings, with 8 analysts rating the stock a "Strong Buy" and 13 giving a "Buy" rating, the overall consensus does not indicate a strong bullish sentiment.
5. Market Conditions: Geopolitical uncertainty and higher inflation continue to hurt consumer sentiment and growth expectations, particularly in Asia and Europe, which could negatively impact FedEx's business.

In conclusion, while FedEx has some positive aspects, such as beating consensus estimates in the first quarter of 2024 and a strong buy rating from some analysts, the overall expectation of modest growth and the current market conditions suggest that a significant rise in the stock price may not be anticipated in the immediate future.