Why FedEx Stock Is On The Move Thursday
Portfolio Pulse from Adam Eckert
FedEx Corp (NYSE:FDX) reported mixed financial results, missing revenue estimates but beating earnings per share estimates. The company raised its earnings outlook despite lowering its full-year revenue guidance. Analysts from Citigroup, Raymond James, and Wells Fargo have raised their price targets for FedEx.
September 21, 2023 | 12:56 pm
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FedEx reported mixed Q1 results, beating EPS estimates but missing on revenue. The company raised its earnings outlook, leading to raised price targets from several analysts.
FedEx's mixed results, with a beat on EPS and a miss on revenue, indicate a complex financial situation. However, the raised earnings outlook and subsequent price target increases by analysts suggest a positive short-term impact on the stock.
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