These Analysts Revise Their Forecasts On FedEx Following Q4 Results
Portfolio Pulse from Lisa Levin
FedEx Corporation (NYSE:FDX) reported better-than-expected Q4 earnings of $4.94 per share, while sales missed estimates at $21.9 billion. CFO Michael Lenz will retire on July 31. Analysts revised their price targets on FedEx following the earnings announcement.
June 21, 2023 | 1:24 pm
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FedEx reported better-than-expected Q4 earnings, but sales missed estimates. Analysts revised their price targets on the stock.
FedEx's better-than-expected Q4 earnings are a positive sign, but the missed sales estimates and the retirement of the CFO may cause uncertainty. Analysts' revised price targets show mixed opinions, leading to a neutral short-term impact on the stock.
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