FedEx CorporationFedEx is reporting earnings; the article discusses potential stock swing and analyst targets, but the actual earnings outcome is unknown, making the direction ambiguous.
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.
FedEx CorporationFedEx 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.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.
Bank of America CorpSame as FedEx Freight Holding Company; the spin-off is mentioned but no specific impact on the freight entity itself.