FedEx Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
FedEx Corporation (NYSE:FDX) is expected to report lower Q4 earnings of $4.89 per share, down from $6.87 per share a year ago, with revenues of $22.77 billion. Analysts have recently updated their price targets, with most seeing an upside in the company's stock.
June 16, 2023 | 1:12 pm
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FedEx is expected to report lower Q4 earnings, but analysts have updated their price targets, with most seeing an upside in the company's stock.
The lower Q4 earnings may have a negative impact on the stock price, but the updated price targets from analysts with upside potential could balance the impact, resulting in a neutral short-term effect on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100