Shares of FedEx Co. NYSE: FDX have recently sold off by as much as 18% from their recent highs to trade at a much lower 81% of their 52-week high. As Wall Street defines a bear market as a 20% or more selloff from recent highs, FedEx is now in an official bear market, causing most to stay away from the company and others to watch it all the more.As this stock is part of the broader transportation sector, some are anxious about the selloff implications for the consumer discretionary sector since FedEx takes ...

The FedEx (FDX) disappointment likely has some company-specific aspects, but it is reasonable to see this report as providing a read-through for the broader economy that has shown signs of moderation lately. In fact, these signs of macroeconomic softness prompted the U.S. Fed to come out with a bigger interest rate than many in the market expected just a few weeks ago.FedEx missed on the top- and bottom-lines and guided lower, with several analysts covering the stock skeptical of the company’s ability to me ...

Key TakeawaysThe S&P 500 slipped 0.2% on Friday, Sept. 20, receding from the record high it printed after this week's interest-rate cut by the Federal Reserve.FedEx shares dropped after the package delivery giant missed quarterly estimates and reduced its full-year guidance, citing soft demand.Constellation Energy said it will restart operations at a shuttered nuclear plant to provide clean energy for Microsoft data centers, and shares of the utility soared. Major U.S. equities indexes were mixed on the fin ...

FedEx Corporation (FDX) reported disappointing first-quarter fiscal 2025 results wherein both earnings and revenues lagged the Zacks Consensus Estimate. Quarterly earnings per share (EPS) (excluding 39 cents from non-recurring items) of $3.60 missed the Zacks Consensus Estimate of $4.82 and declined 20.8% year over year. Revenues of $21.6 billion fell short of the Zacks Consensus Estimate of $22.1 billion and fell 0.5% from the year-ago fiscal quarter’s reported figure.Quarterly results were unfavorably imp ...

Key TakeawaysFedEx shares plunged 15% Friday, a day after the package delivery giant missed quarterly estimates and reduced its forecast as it faced what CEO Rajesh Subramaniam called a "challenging Q1 demand environment," especially in the U.S.The company pointed to weakness in the industrial economy impacting business-to-business revenue.FedEx also said it faced a decline in priority shipping volume and growth. FedEx (FDX) shares plunged 15% Friday, a day after the package delivery giant missed quarterly ...

Core Viewpoint - FedEx Corp has experienced a significant decline in stock value following disappointing quarterly results, raising concerns among investors about the company's growth trajectory and future performance [1][2]. Group 1: Financial Performance - FedEx reported first-quarter revenue and earnings that fell short of analyst expectations, attributing the poor performance to decreased U.S. domestic priority package volumes and rising wage and transportation costs [2]. - The company has revised its full-year guidance downward, now projecting revenue growth in the low single-digit range for fiscal year 2025 [2]. - Investors have seen only a 1.56% gain over the past year and less than 1% year-to-date, indicating a lack of significant growth [1]. Group 2: Analyst Ratings and Price Targets - Morgan Stanley downgraded FedEx from Equal-Weight to Underweight, reducing the price target from $215 to $200 [2]. - Baird maintained its Outperform rating but lowered its target from $340 to $320, reflecting some optimism despite current challenges [2]. Group 3: Technical Indicators - FedEx's stock is currently trading below its 5, 20, and 50-day exponential moving averages, indicating a strong bearish trend [3]. - The current share price of $254.36 places the stock firmly in bear territory, with the 200-day SMA above it at $267.43, reinforcing long-term bearish momentum [3]. - The MACD indicator stands at a negative 1.77, signaling bearishness, while the RSI of 26.67 indicates oversold conditions, suggesting potential difficulty for a rebound in the short-to-medium term [3].

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Core Viewpoint - FedEx Corp reported disappointing fiscal first-quarter results, leading to a significant decline in share price and downward revisions in earnings and revenue guidance from analysts [1][2][4]. Analyst Ratings and Price Targets - BMO Capital Markets maintained a Market Perform rating, reducing the price target from $325 to $300 [1]. - Stifel kept a Buy rating but lowered the price target from $327 to $321 [1]. - Goldman Sachs reaffirmed a Buy rating while cutting the price target from $332 to $328 [1]. - Stephens maintained an Overweight rating with a price target of $350 [1]. Financial Performance - FedEx's adjusted EBIT was reported at $1,208 million and earnings per share at $3.60, both below consensus estimates of $1,611 million and $4.75 per share, respectively [2]. - The results were impacted by softer demand and a shift towards lower-yielding products, with adjusted earnings nearly 25% below consensus [2][3]. Guidance Revisions - Management lowered adjusted earnings guidance for fiscal 2025 to $20-$21 per share from a previous forecast of $20-$22 per share [4]. - Revenue growth guidance was revised down to low-single-digits from low to mid-single-digits [4]. - Analysts noted ongoing volume-related mix pressures and their potential impact on margins for the remainder of the year [4]. Cost Management and Savings - The DRIVE program is expected to deliver $2.2 billion in structural cost savings in fiscal 2025, although the savings this quarter were less material than anticipated [2][3]. - Management expects cost savings to ramp up sequentially and is implementing revenue management initiatives to address yield pressure [3]. Market Reaction - Shares of FedEx declined by over 15.5%, trading at $253.76 at the time of publication [5].

A weak quarterly report shows the logistics giant's turnaround efforts will take time to show results.FedEx (FDX -15.09%) reported weaker-than-expected quarterly results after the closing bell Thursday, and lowered its profit outlook for the fiscal year.Investors Friday don't appear interested in going along for the ride -- they've sent FedEx shares down by more than 14% as of 10:45 a.m. ET.Challenging timesIt has been a difficult few years for transportation companies. Rising interest rates and fears about ...

FedEx TodayFDXFedEx$256.00 -44.39 (-14.78%) 52-Week Range$224.69▼$313.84Dividend Yield2.16%P/E Ratio14.86Price Target$314.58Add to WatchlistFedEx Corporation NYSE: FDX is a solid business, but its latest results give another reason to fear that a recession is near. The company underperformed in all metrics, contracting versus an expectation to grow and reducing guidance in what may be the first of several reductions this year. The FedEx news sent ripples of fear through the entire transportation sector, dri ...