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Benzinga
151 days

These Analysts Slash Their Forecasts On FedEx After Q3 Earnings

1. FDX's Q3 earnings of $4.51 missed estimates by $0.03. 2. Revenue of $22.2 billion exceeded expectations but fell from prior forecasts. 3. FDX forecasts fiscal 2025 revenue flat to slightly down year-over-year. 4. Analysts lowered price targets, reflecting decreased growth expectations. 5. FDX shares fell 11% post-earnings announcement.

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FAQ

Why Bearish?

The missing earnings target and decreased revenue forecast indicate weakening performance, likely to concern investors.

How important is it?

Weaker earnings coupled with lowered expectations significantly impact investor sentiment towards FDX.

Why Short Term?

Immediate share price response observed, and further declines may occur with revised analyst expectations.

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