FedEx Shares Are Down Today: What's Going On?

, Benzinga -  12:43 PM ET 3/21/2025 Company News

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FedEx Inc. shares are trading lower Friday after the company’s third-quarter adjusted EPS results missed analysts' expectations on Thursday.

What To Know: FedEx ( FDX ) reported quarterly earnings of $4.51 per share, falling short of the consensus estimate of $4.54. However, revenue for the quarter came in at $22.2 billion, surpassing expectations of $21.89 billion and marking an increase from the $21.7 billion reported in the same quarter last year.

CEO Raj Subramaniam acknowledged the challenging operating environment, citing a compressed peak season and severe weather disruptions. Despite these headwinds, he highlighted the company's efforts in improving profitability and transforming operations. Looking ahead, FedEx ( FDX ) remains focused on navigating shifting macroeconomic conditions and supporting customers.

The company revised its fiscal 2025 revenue outlook, now expecting revenue to be flat to slightly down year-over-year. This is a downgrade from its prior forecast of approximately flat revenue. FedEx ( FDX ) also stated that it is unable to provide an earnings per share or tax rate outlook for fiscal 2025 due to uncertainties related to mark-to-market retirement plan accounting adjustments.

Following the earnings report, several analysts lowered their price targets for FedEx ( FDX ):

  • Stifel: Maintains Buy, lowers price target from $364 to $354
  • Raymond James: Maintains Outperform, lowers price target from $320 to $290
  • Loop Capital: Downgrades from Hold to Sell, lowers price target from $283 to $221
  • BMO Capital: Maintains Market Perform, lowers price target from $330 to $275
  • Stephens & Co.: Maintains Overweight, lowers price target from $320 to $300
  • Wells Fargo: Maintains Equal-Weight, lowers price target from $275 to $260
  • UBS: Maintains Buy, lowers price target from $350 to $331

FDX Price Action: FedEx ( FDX ) shares were down 7.94% at $226.50 at the time of writing, according to Benzinga pro.

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