FedEx Stock Could Swing 7% After Earnings, Potentially Hitting a Record High

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Summary · why it matters

FedEx shares could swing up to about 7% in either direction by the end of the week following its earnings report due Tuesday afternoon, potentially climbing to a record high above $352 or falling below $309 from Monday's level around $330. The shipping giant completed the spin-off of its freight business into separately traded FedEx Freight late last month, and analysts expect adjusted earnings per share of $5.90 on a nearly 8% year-over-year revenue jump to $23.98 billion for its fiscal fourth quarter. Bank of America analysts lowered their price target to $376 from $440 after the spin-off, while the average target among analysts tracked by Visible Alpha is $410, suggesting nearly 25% upside. FedEx stock has gained more than 40% year to date, and all but one of 10 analysts rate it a buy.

Impact on assets 3

Industrials▲ · 2 stocks
FedEx Corporation
FDX
± MixedCapitalrelevance

FedEx is reporting earnings; the article discusses potential stock swing and analyst targets, but the actual earnings outcome is unknown, making the direction ambiguous.

FedEx Freight Holding Company, Inc.
FDXF
± MixedCapitalrelevance

FedEx Freight was spun off from FedEx, but the article does not provide specific news about its own performance or outlook; the spin-off is a capital event, but direction is unclear.

Financials▲ · 1 stocks

Off-coverage companies 1

FedEx FreightPrivate± Mixed
Capitalrelevance

Same as FedEx Freight Holding Company; the spin-off is mentioned but no specific impact on the freight entity itself.