FedEx Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Group 1 - FedEx Corporation is set to release its fiscal second quarter earnings results on December 19, after the market closes [1] - Analysts anticipate FedEx will report quarterly earnings of $4.06 per share, an increase from $3.99 per share in the same period last year [2] - The company is projected to report revenue of $22.09 billion for the recent quarter, slightly down from $22.16 billion a year earlier [2] - FedEx's first-quarter results were disappointing, with adjusted earnings nearly 25% below consensus estimates [2] - FedEx shares experienced a decline of 1.5%, closing at $273.16 on Wednesday [2] Group 2 - JP Morgan analyst Brian Ossenbeck maintained an Overweight rating and raised the price target from $350 to $366 on December 3 [2] - Bernstein analyst David Vernon downgraded the stock from Outperform to Market Perform, reducing the price target from $337 to $316 on December 3 [2] - Barclays analyst Brandon Oglenski maintained an Overweight rating and increased the price target from $350 to $365 on November 13 [2] - Citigroup analyst Ariel Rosa maintained a Buy rating and raised the price target from $301 to $331 on November 12 [2] - BMO Capital analyst Fadi Chamoun maintained a Market Perform rating and cut the price target from $325 to $300 on September 20 [2] - The consensus price target for FedEx stock is $308.69 based on the ratings of 20 analysts, with a high of $356 from JP Morgan and a low of $200 from Morgan [2]