FedEx Posts Downbeat Q1 Earnings, Cuts Guidance: Why Analysts See More Downside Ahead

Shares of FedEx Corp (NYSE:FDX) tanked climbing in early trading on Friday, after the company reported downbeat results for its fiscal first quarter.

Here are some key analyst takeaways.

• BMO Capital Markets analyst Fadi Chamoun reiterated a Market Perform rating, while reducing the price target from $325 to $300.
• Stifel analyst Bruce Chan maintained a Buy rating, while cutting the price target from $327 to $321.
• Goldman Sachs analyst Jordan Alliger reaffirmed a Buy rating, while reducing the price target from $332 to $328.
• Stephens analyst Daniel Imbro maintained an Overweight rating and price target of $350.

Check out other analyst stock ratings.

BMO Capital Markets: FedEx reported its adjusted EBIT and earnings at $1,208 million and $3.60 per share, below consensus of $1,611 million and $4.75 per share, respectively, Chamoun said in a note. Softer demand and a “mix shift towards lower-yielding products” impacted the company’s results.

“FDX sees revenue growth at the low end of the previous guidance range driving F2025 outlook lower,” the analyst wrote. DRIVE remains on track to deliver $2.2 …

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