FedEx Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
FedEx Corporation (NYSE:FDX) is set to report its Q1 financial results on Sept. 20, 2023. Analysts predict earnings of $3.74 per share, up from $3.44 per share a year ago, and revenue of $21.81 billion, down from $23.58 billion. Several analysts have recently revised their ratings and price targets for FedEx, with most maintaining positive outlooks.
September 20, 2023 | 2:52 pm
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FedEx is expected to report increased earnings but decreased revenue for Q1. Analysts have generally maintained positive ratings and increased price targets, suggesting a positive short-term outlook.
The expected increase in earnings per share suggests that FedEx's profitability has improved, which is generally positive for the stock price. However, the expected decrease in revenue could indicate slower growth, which may temper investor enthusiasm. The positive ratings and increased price targets from analysts suggest they believe the stock will perform well in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100