Goldman Sachs Trims FedEx Forecast, Cites B2B Weakness, Tariffs And Industrial Slowdown

Goldman Sachs analyst Jordan Alliger lowered estimates for FedEx Corporation (NYSE:FDX) ahead of its third-quarter FY25 earnings release on March 20.

The analyst has rated the company Buy with a price forecast of $315, down from $328.

Alliger reduced third-quarter EPS estimates from $4.65 to $4.40 due to ongoing transportation challenges, particularly in industrial-exposed LTL.

The analyst also reduced FY25 EPS estimates from $18.85 to $18.65, citing volume declines in B2B parcel services like U.S. Priority and Ground Commercial.

For FY26, Alliger lowered EPS estimates from $23.30 to $22.20, with B2B parcel volumes expected to ...