FedEx is surging after an earnings beat. Here's how the 'Fast Money' traders say it compares to UPS

Shares of FedEx were moving higher after the bell on Thursday after a solid fiscal third-quarter report, and it is catching up to rival UPS , according to the traders on CNBC's " Fast Money ." The shipping company reported $3.41 in adjusted earnings per share, above the $2.73 per share expected by analysts, according to Refinitiv. Revenue of $22.17 billion was short of expectations, however, but the company did raise its earnings outlook.

"The multiple is a little more attractive when you consider where we are with markets right now," said the chief investment officer of Seymour Asset Management. "And that inventory bottoming process is in their favor." Prior to this latest earnings report UPS had a forward price to earnings ratio of 15.8, while FedEx was at 12.0, according to FactSet. Karen Finerman, CEO of Metropolitan Capital Advisors, said she currently owns UPS but sees a good argument for FedEx.

Anyone can tell a story about any stock after it moves 6%

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