In addition to the central bank bonanza, bellwethers FedEx and Next, as well as housebuilder Barratt Redrow will be reporting.
By : Fiona Cincotta, Senior Market Analyst
FedEx Q1 earnings
FedEx, traditionally considered a barometer of the economy, will report first-quarter earnings on September 18. Expectations for a year-over-year increase in quarterly earnings of 2% to 3.6-8 dollars per share on revenue of 21.78 billion U.S. dollars are almost 1% compared to the same quarter a year earlier.
The earnings come as the firm restructures its delivery network in order to boost operational efficiency and improve long-term profitability. Investors will be watching closely for news of progress.
Meanwhile, the company’s international business is facing pressure from new trade tariffs, ranging from China to the USA. Following the import restrictions, there has been a significant decline in China-US volumes, and the downward trend continued in higher monthly fiscal 2025.
In the final quarter of FY 25 FedEx earnings rose to $6.07 per share and revenues remained broadly unchanged at $22.2 billion in the fourth quarter.
The stock has declined around 20% so far in 2025, underperforming the S&P 500 index.
How to trade FDX earnings?
After reaching a record high of 305 in 2024, FedEx’s share price fell to a low of 218 in 2025, an almost 2-year low. The price has since recovered from this low, forming a series of higher highs and higher lows. The recovery is testing the 200 SMA and the 2024 low at 230.
Should buyers record a close above here and 240, this creates a higher high and exposes the 50 SMA. Failure to rise above here opens the door to 200 and the 2025 low.
Next half-year results
Next, the UK retailer releases its half-year results on September 18. This, after the firm, which is considered a bellwether for the UK, impressed with its July trading update, comfortably beat expectations. The strong performance resulted in a small upward revision to full-year pretax profit guidance to 1.08 billion to 1.1 billion.
However, clouds are gathering for the second half. The outlook for the UK economy is deteriorating. The UK jobs market could weaken in the second half as the impact of April’s employer National Insurance and minimum wage increase filters through, potentially weakening employment and dampening consumer spending. With the UK Budget also due in November, further challenges to household budgets could be coming or another hit to the economy. Furthermore, tailwinds from favourable weather and Marks and Spencer’s technical troubles are expected to fade.
The question for Next is whether its digital marketing strength and international expansion are able to offset the macroeconomic headwinds on the slow-burning decline of the UK high street.
How to trade NXT earnings?
After reaching an all-time high of 12,925p on June 3, Next’s share price has trended lower, forming a series of lower highs. The price found support at 11,625, the August low, and has recovered to 12,000, the 50 SMA. The RSI is neutral.
Sellers will need to break below 11,625 to create a lower low and extend the bearish move towards the 200 SMA at 11,000.
Buyers would need to rise above 12,335 to create a higher high to bring 12,960 and fresh record levels into focus.
Barratt Redrow FY results
But retro published full-year results on Wednesday, September 17, the day before the Bank of England’s interest rate decision and days after the government’s latest cabinet reshuffle, including a new housing minister.
Both inflation and interest rates remain critical for the housing sector, so the BoE meeting on Thursday, where the central bank is expected to leave rates unchanged, will likely be as closely watched as the Barratt Redrow release on Wednesday.
With inflation in the UK still sticky and the Budget due in late November, the BoE is not expected to cut rates again early next year, even though growth is stalling. GPP dropped to 0% MoM in July and could remain depressed across the rest of the year.
Shares in Barratt Redrow have struggled since the completion of the Redrow merger almost a year earlier. Shares are trading at the lowest level since 2022.
In the recent trading update, the company reported 16,565 completions in the year to June, slightly below guidance. Still, the average selling price rose to 344,000, and cost savings from the integration reached £69 million.
For the year ahead, completions are expected to rise to a range of 16,600 to 17,200, which was below previous city expectations, with reported profit expected at around £350 million.
How to trade BTRW results?
Barratt Redrow trades below its falling trendline dating back to early 2020. The price has fallen below its 200 SMA on the weekly chart, and the 50 SMA crossed below the 200 SMA in a death cross signal. The price has fallen to test support around 350, the 2023 low, and a level last seen in 2022.
Sellers, supported by the RSI below 50 will look to take out this support to open the door to 278 the 2022 low.
Buyers will see resistance at 292, the 2024 low, and the 200 SMA at 435.
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