FedEx Posts 2Q Miss, With Continued Cost Inflation: Here's What To Watch Next

Shares of FedEx Corp (NYSE:FDX) tanked in early trading Friday after the company reported downbeat fiscal third-quarter results.

Here are some key analyst takeaways.

Stifel On FedEx

Analyst Bruce Chan maintained a Buy rating, reducing the price target from $364 to $354.

FedEx reported adjusted earnings of $4.51 per share, missing consensus of $4.56 per share, despite a share buyback tailwind of 12 cents per share, Chan said in a note. "Total revenues were higher than we’d anticipated, with notable upside in legacy Ground volumes," he added.

Chan stated that yields were softer than expected due to a mixed shift towards Economy products. "Management took fiscal year-end guidance down by 6% at the midpoint due to yield pressure, soft industrial, macro uncertainty, and residual inflationary cost pressure, particularly on wages and purchased transportation."

Stephens On FedEx

Analyst Daniel Imbro reiterated an Overweight rating, cutting the price target from $320 to $300.

FedEx reduced its fiscal 2025 adjusted earnings guidance to $18.00-$18.60 per share due to ...