FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
FedEx is set to release its Q1 earnings, with expectations of $4.83 EPS and $21.99 billion in revenue. Despite a lawsuit from the EEOC, FedEx shares rose 1.6%. Analysts have adjusted price targets, mostly maintaining positive ratings.
September 18, 2024 | 5:55 pm
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FedEx is expected to report Q1 earnings of $4.83 per share and $21.99 billion in revenue. Despite a lawsuit from the EEOC, shares rose 1.6%. Analysts have mostly maintained positive ratings with adjusted price targets.
The expected increase in EPS and revenue suggests positive financial performance, which is likely to boost investor confidence. The lawsuit poses a potential risk, but the market's positive reaction indicates limited immediate impact. Analysts' positive ratings and adjusted price targets further support a likely short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100