BofA Securities analyst Ken Hoexter reiterated a Buy rating on FedEx Corporation FDX, raising the price forecast to $348 from $325.Yesterday, the company reported adjusted earnings of $4.05 per share, beating the $3.91 consensus estimate. Quarterly revenue came in at $22 billion, missing the $22.11 billion analyst consensus estimate.FedEx now expects approximately flat revenue year-over-year, versus its prior forecast of a low single-digit percentage increase.The analyst mentions that CEO Raj Subramaniam hi ...

FedEx Corporation (FDX) reported mixed second-quarter fiscal 2025 results, wherein earnings surpassed the Zacks Consensus Estimate, but revenues lagged the same.Quarterly earnings (excluding $1.02 from non-recurring items) of $4.05 per share beat the Zacks Consensus Estimate of $3.90 and improved 1.5% year over year. Revenues of $21.9 billion fell short of the Zacks Consensus Estimate of $22 billion and fell 0.8% from the year-ago fiscal quarter’s reported figure.Quarterly results were unfavorably affected ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.FedEx (NYSE: FDX ) reported Q2 2025 results on the 19 th of December and investors seem to have liked what they saw as the stock is trading up 8% pre-market at $297. I covered FedEx in June thisDhierin runs the investing group The Aerospace Forum , ...

FedEx is taking steps to streamline its operations by prioritizing its DRIVE program and separating FedEx Freight into a standalone, publicly traded company.These decisions were announced by FedEx President and CEO Raj Subramaniam Thursday (Dec. 19) during the company’s second-quarter earnings call, which saw the company’s total sales of $22 billion slip 1%.Amid these challenges, Subramaniam highlighted the ongoing success of FedEx’s DRIVE program, which he said is critical to the company’s operational impr ...

A FedEx cargo flight arrives at Qingdao Jiaodong International Airport in Qingdao, east China's ... [+] Shandong Province, Nov. 11, 2024. TO GO WITH "Interview: FedEx Asia Pacific president upbeat about China's thriving logistics sector" (Photo by Li Ziheng/Xinhua via Getty Images)Xinhua News Agency via Getty ImagesFedEx stock (NYSE: FDX) is expected to see higher levels after it announced the spin-off of its freight business. While this move was awaited, it bodes well for the stock, unlocking shareholder v ...

Shares of FedEx Corp (NYSE:FDX) opened the session at $294, but have pulled back from its highs slightly, last seen 4.6% higher at $288.64, fueled by a wave of significant developments during the bustling holiday shipping season. The shipping giant added $5 billion to its market cap after it announced the spinoff of its freight trucking business into a standalone company. This is a highly-anticipated move that analysts believe could create up to $20 billion in shareholder value. The news is helping FedEx st ...

Key TakeawaysFedEx shares moved sharply higher in extended trading on Thursday after the shipping giant announced plans to spin off its freight business as a separate public company, overshadowing a lowered full year outlook. The stock has oscillated in an orderly ascending channel since July last year, with the price recently finding buying interest around key moving averages.Investors should watch key overhead areas on FedEx's chart around $305 and $370, while also monitoring important support levels near ...

Financial Data and Key Metrics Changes - Consolidated revenue declined by 1% in Q2, primarily due to a weak industrial economy [44][72] - Adjusted operating profit increased by approximately $170 million sequentially, driven mainly by the Federal Express segment [71] - Adjusted earnings per share (EPS) outlook revised to a range of $19 to $20, down from the previous range of $20 to $21 [79][80] Business Line Data and Key Metrics Changes - At FedEx Express, adjusted operating profit rose by 13% on essentially flat revenue, despite a challenging demand environment [26][72] - FedEx Freight experienced a decline in operating profit by $179 million, attributed to lower average daily shipments and weight per shipment [75] - International export package volumes increased by 9%, indicating strong growth in international economy services [50] Market Data and Key Metrics Changes - U.S. manufacturing PMI indicated a contraction for 24 out of the past 25 months, reflecting a prolonged downturn in the industrial sector [45] - Ground volumes were down 1%, primarily due to weakness in the B2B environment [48] - International priority freight average daily pounds increased by 10%, signaling early progress from the tricolor strategy [50] Company Strategy and Development Direction - The company plans to pursue a full separation of FedEx Freight, aiming to create two industry-leading public companies [8][24] - Focus on enhancing operational efficiency through initiatives like DRIVE, which is expected to deliver $4 billion in savings by the end of FY '25 [19][28] - Continued emphasis on revenue quality and capital allocation priorities, including share repurchases and dividends [87][88] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing uncertainty in the demand environment but expressed confidence in the transformation initiatives [31][32] - The company expects to see slight revenue growth in the second half of FY '25, supported by improved demand and pricing strategies [54][80] - Management remains focused on controlling costs and optimizing operations to navigate the current economic challenges [72][86] Other Important Information - The company achieved DRIVE savings of $540 million in Q2, contributing to year-over-year adjusted earnings growth [28][72] - A new state-of-the-art sorting facility at the Memphis World Hub was opened, marking a significant milestone in modernization efforts [40][41] - The company plans to hire 300 additional LTL specialists to enhance customer support and drive profitable growth [56][108] Q&A Session Summary Question: Guidance for the back half of the year - Management indicated that the updated adjusted EPS range reflects revised revenue expectations due to lower anticipated volumes [95][96] Question: Peak season performance and volume trends - December volumes were running ahead of forecast, with expectations for improved domestic volumes in the back half of the year [100][102] Question: Separation of FedEx and FedEx Freight - Management emphasized the potential for increased shareholder value through the separation and outlined plans for a smooth transition [107][108] Question: Network 2.0% rollout progress - The rollout has optimized 200 stations so far, with expectations to complete integration in Canada early in 2025 [113][114] Question: Capital allocation post-separation - Management confirmed that there will be no changes in capital allocation strategy, focusing on optimizing existing businesses and returning cash to shareholders [117][118] Question: Commercial agreements and customer contracts - Existing contracts will be honored, and the company is confident in its commercial strategy moving forward [124][128] Question: EPS guidance change and underlying trends - The change in guidance was influenced by pressures in the freight business, while core trends in Express are showing improvement [130][133]

For the quarter ended November 2024, FedEx (FDX) reported revenue of $21.97 billion, down 0.9% over the same period last year. EPS came in at $4.05, compared to $3.99 in the year-ago quarter.The reported revenue represents a surprise of -0.34% over the Zacks Consensus Estimate of $22.04 billion. With the consensus EPS estimate being $3.90, the EPS surprise was +3.85%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...

Thursday, December 19, 2024The stock market gave a rebound the old college try today, but aside from a modest +15 points on the blue-chip Dow, indexes closed in the red again today. Results were nowhere near as bad as they were yesterday, but the S&P 500 slipped -5 points (-0.09%), the Nasdaq -19 points (-0.10%) and the small-cap Russell 2000 -10 points (-0.45%).For the Dow, it breaks a 10-session losing streak off all-time highs at the start of this month, including its worst single-trading day since the d ...