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
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100