FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - FedEx (NYSE:FDX)

Core Insights - FedEx Corporation is set to release its first-quarter earnings on September 18, with analysts expecting earnings of $3.64 per share, an increase from $3.60 per share in the same period last year [1] - The projected quarterly revenue for FedEx is $21.67 billion, slightly up from $21.58 billion a year earlier [1] Recent Performance - In the fourth quarter, FedEx reported revenue of $22.2 billion, surpassing analyst expectations of $21.84 billion [2] - The company also reported adjusted earnings of $6.07 per share for the fourth quarter, exceeding analyst estimates of $5.87 per share [2] - Following the fourth-quarter results, FedEx shares increased by 0.9%, closing at $227.70 [2] Analyst Ratings - B of A Securities downgraded FedEx from Buy to Neutral, lowering the price target from $245 to $240 [8] - JP Morgan maintained an Overweight rating but reduced the price target from $290 to $285 [8] - UBS kept a Buy rating while lowering the price target from $297 to $293 [8] - Citigroup maintained a Buy rating and cut the price target from $278 to $275 [8] - Raymond James maintained an Outperform rating, reducing the price target from $275 to $260 [8]