FedEx Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

FedEx Corporation FDX is expected to report its financial results for its first quarter, after the closing bell on Sept. 20, 2023.

Analysts expect the company to post quarterly earnings at $3.74 per share, up from year-ago earnings of $3.44 per share. The company’s revenue might come in at $21.81 billion, compared to $23.58 billion in the year-ago period.

FedEx shares rose 0.3% to close at $249.99 on Tuesday.

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 in the recent period.

Evercore ISI Group analyst Jonathan Chappell maintained an Outperform rating and raised the price target from $275 to $276 on Sept. 18, 2023. This analyst has an accuracy rate of 76%.

Wells Fargo analyst Allison Poliniak maintained the stock with an Equal-Weight rating and increased the price target from $240 to $270 on Sept. 12, 2023. This analyst has an accuracy rate of 70%.

Stephens & Co. analyst Jack Atkins reiterated an Overweight rating with a price target of $290 on Aug. 11, 2023. This analyst has an accuracy rate of 74%.

Argus Research analyst John Eade maintained a Buy rating and increased the price target from $240 to $260 on June 26, 2023. This analyst has an accuracy rate of 72%.

Credit Suisse analyst Ariel Rosa maintained an Outperform rating and slashed the price target from $273 to $265 on June 22, 2023. This analyst has an accuracy rate of 73%.

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