FedEx Q1 Earnings Preview: Analysts 'Cautious' On Short Term, See 'Potential Value Unlock' From FedEx Freight Review
Portfolio Pulse from Chris Katje
FedEx is set to report its Q1 earnings, with analysts expecting revenue of $21.96 billion and EPS of $4.80. Analysts are cautious due to macroeconomic concerns but see potential value in FedEx's cost-saving initiatives and a strategic review of FedEx Freight. Bank of America and Goldman Sachs maintain Buy ratings, with price targets of $345 and $332, respectively.
September 18, 2024 | 4:38 pm
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FedEx is expected to report Q1 earnings with revenue of $21.96 billion and EPS of $4.80. Analysts are cautious due to macroeconomic concerns but see potential value in cost-saving initiatives and a strategic review of FedEx Freight.
FedEx's upcoming earnings report is crucial as it may indicate how the company is handling macroeconomic pressures. Analysts are optimistic about cost-saving measures and potential value from FedEx Freight's strategic review, which could positively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100