FDX Cuts Forecasts
FedEx reports Q4 earnings and revenue above expectations, but analysts cut their forecasts and lower price targets
FedEx Corp. (NYSE: FDX ) reported better-than-expected earnings for the fourth quarter of fiscal 2026 after the market closed on Tuesday.
FedEx delivered fourth-quarter revenue of $25 billion, beating analyst estimates of $24.04 billion, according to Benzinga Pro.
The company posted adjusted earnings of $6.31 per share, beating estimates of $5.96 per share. "Our profitable growth strategy is working.
We are building momentum across our global industrial network, driving structural improvements and winning in high-value growth markets," said Raj Subramaniam, president and CEO of FedEx.
However, the company said operating margin in the Federal Express segment shrank to 7.7% from 8.4% a year ago.
FedEx expects revenue growth of 11% year-over-year for calendar year 2026.
The company also guided for calendar year 2026 adjusted earnings in the range of $16.90 to $18.10 per share.
FedEx shares fell 0.7% to trade at $314.57 on Wednesday.
These analysts made changes to their price targets on FedEx following earnings announcement.
UBS analyst Thomas Wadewitz maintained the stock with a Buy and lowered the price target from $445 to $350.
Stifel analyst J.
Bruce Chan maintained the stock with a Buy and lowered the price target from $442 to $326.
Considering buying FDX stock? Here’s what analysts think: Photo via Shutterstock