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

FedEx Corporation FDX will release earnings results for its fiscal second quarter, after the closing bell on Thursday, Dec. 19.

Analysts expect the Memphis, Tennessee-based company to report quarterly earnings at $4.06 per share, up from $3.99 per share in the year-ago period. FedEx projects to report revenue of $22.09 billion for the recent quarter, compared to $22.16 billion a year earlier, according to data from Benzinga Pro.

FedEx reported disappointing first-quarter results in September with adjusted earnings nearly 25% below consensus estimates.

FedEx shares fell 1.5% to close at $273.16 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company </em></a> in the recent period.

• JP Morgan analyst Brian Ossenbeck maintained an Overweight rating and raised the price target from $350 to $366 on Dec. 3. This analyst has an accuracy rate of 70%.
• Bernstein analyst David Vernon downgraded the stock from Outperform to Market Perform and slashed the price target from $337 to $316 on Dec. 3. This analyst has an accuracy rate of 62%.
• Barclays analyst Brandon Oglenski maintained an Overweight rating and increased the price target from $350 to $365 on Nov. 13. This analyst has an accuracy rate of 61%.
• Citigroup analyst Ariel Rosa maintained a Buy rating and boosted the price target from $301 to $331 on Nov. 12. This analyst has an accuracy rate of 71%.
• BMO Capital analyst Fadi Chamoun maintained a Market Perform rating and cut the price target from $325 to $300 on Sept. 20. This analyst has an accuracy rate of 79%.

Considering buying FDX stock? Here’s what analysts think:

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