These brokerage firms are encouraged by the Company's long-term earnings potential based on moderate economic growth, robust demand, ongoing yield improvements, industrial production growth, diversified product offerings and diminishing cost headwinds. The firms expect solid international Express growth, market share gains at Ground, and a profitable Freight business from network restructuring will lead to further earnings growth going forward. FedEx expects to achieve revenue growth and operating margin of more than 10.0% over the long term. Further, the Company is investing significantly in fuel-efficient aircraft that would lead to improved cash flows and increased returns on invested capital.
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