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

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

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

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

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.

</figure>

Read Next:

‘Monster Equity Inflows Say No One Really Believes Trade War,’ Bank Of America’s Hartnett Says

Image via Shutterstock.