Core Insights - FedEx Corporation reported strong quarterly performance, exceeding revenue and profit expectations with adjusted earnings per share of $3.83 and sales of $22.20 billion [1] - Bank of America analyst Ken Hoexter maintained a Neutral rating on FedEx, raising the price forecast from $240 to $244 [1] Financial Performance - Adjusted earnings per share of $3.83 surpassed the consensus estimate of $3.62 [1] - Sales of $22.20 billion exceeded the consensus estimate of $21.66 billion [1] Analyst Commentary - Hoexter noted that FedEx has historically traded at 12.5x–18.5x earnings, but current multiples are pressured by macro sensitivity and ongoing volume declines [2] - Cost reductions are expected to support margins as earnings improve, with management focused on integrating Ground and Express services [2] Future Guidance - FedEx's fiscal 2026 adjusted EPS target is set at $17.20–$19.00, indicating a slight year-over-year decline despite projected revenue growth of 4%–6% [3] - Guidance includes a $1 billion operating-income drag from global trade shifts and a $160 million impact from the USPS contract ending [4] Earnings Estimates - Fiscal 2026 earnings estimates were raised from $17.75 to $18.00, while fiscal 2027 estimates increased from $20.45 to $21.05 [5] - FDX shares were trading higher by 2.95% to $233.26 [5]