FedEx Corporation ($FDX) Stock Forecast: Down 14.5% Today

What is FedEx Corporation?

FedEx (FDX) is a global shipping and logistics company that provides a range of transportation, e-commerce, and business services. Today, the stock experienced a strong bearish movement in the market.

Why is FedEx Corporation going down?

FDX stock is down 14.5% on Sep 20, 2024 18:45

• FedEx's first-quarter fiscal 2025 earnings and revenues lagged estimates, leading to a decline in stock value.
• The stock plummeted over 15% after missing earnings expectations, raising red flags for investors.
• Analysts are cutting price targets and issuing downbeat outlooks for FedEx, indicating more downside potential.
• The challenging quarter for FedEx highlighted the complexities of its restructuring efforts, impacting profitability and investor sentiment.

FDX Price Chart

FDX Technical Analysis

FDX News

FedEx Q1 Earnings & Revenues Lag Estimates, View Down

FDX's first-quarter fiscal 2025 earnings and revenues decline year over year.

https://www.zacks.com/stock/news/2339418/fedex-q1-earnings-revenues-lag-estimates-view-down

FedEx Falls 15% After Earnings Miss, Bearish Signals Raise Red Flags For Investors - FedEx ( NYSE:FDX )

FedEx Corp FDX has hit a rough patch, with its recent quarterly results leaving investors concerned. The stock plummeted over 15% during midday trading on Friday on the earnings news, wiping out gains made during this past quarter.

https://www.benzinga.com/trading-ideas/technicals/24/09/40961610/fedex-falls-15-after-earnings-miss-bearish-signals-raise-red-flags-for-investors

FedEx Posts Downbeat Q1 Earnings, Cuts Guidance: Why Analysts See More Downside Ahead - FedEx ( NYSE:FDX )

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.

https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40960248/fedex-posts-downbeat-q1-earnings-cuts-guidance-why-analysts-see-more-downside-ahead

Challenging Quarter Show That FedEx's Complex Restructuring Got Messy - FedEx ( NYSE:FDX )

On Thursday after market close, FedEx Corporation FDX issued its first quarter results as it undergoes a significant transformation led by CEO Raj Subramaniam. The parcel giant reported a sharp fall in profits due to weak demand for high-margin speedy delivery services and lowered its annual ...

https://www.benzinga.com/news/24/09/40959433/challenging-quarter-show-that-fedexs-complex-restructuring-got-messy

Shipping Giants FedEx, UPS Stocks Slip Friday: What's Going On? - FedEx ( NYSE:FDX )

Shipping giants FedEx Corp FDX and United Parcel Service, Inc.UPS shares are trading lower Friday after FedEx reported worse-than-expected quarterly results and cut its fiscal-year guidance on Thursday. FedEx reported first-quarter revenue and earnings below analyst expectations following ...

https://www.benzinga.com/news/earnings/24/09/40957779/shipping-giants-fedex-ups-stocks-slip-friday-whats-going-on

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FedEx Corporation Price History

26.05.2024 - FDX Stock was up 15.9%

• The bullish movement in FedEx's stock (FDX) today can be attributed to the following factors:
• FedEx reported quarterly earnings of $5.41 per share, exceeding the Zacks Consensus Estimate and reflecting growth compared to the previous year.
• The positive earnings surprise of 1.31% signifies strong financial performance and investor confidence in the company's delivery of results.
• Observers highlighted that FedEx's upsurge was supported by a positive outlook for FY25, further enhancing investor sentiment and pushing the stock price up.
• The overall positive sentiment in the market, with modest gains in tech stocks like Nvidia, also played a role in the bullish movement in FedEx's stock.

26.05.2024 - FDX Stock was up 15.6%

• FedEx stock surged over 11% today following its fiscal fourth-quarter financial results, surpassing expectations.
• The market reacted positively as FedEx exceeded projected revenue and earnings and provided a steady outlook for the future.
• The plan to repurchase billions of its stock also influenced the upward momentum of FDX shares.
• FedEx's strong financial performance and strategic decisions drove the stock's gains, surpassing market expectations and resulting in a bullish market response.

26.05.2024 - FDX Stock was up 15.8%

• FedEx (FDX) saw a notable upward trend in its stock price today.
• The increase in FDX stock value is linked to the company's Q4 earnings beating expectations, with earnings per share reaching $5.41 as opposed to the anticipated $5.34 per share.
• The better-than-expected earnings performance of 1.31% likely enhanced investor confidence in FedEx's financial outlook and future prospects, contributing to the positive market movement.
• The general market sentiment, including the growth of the Nasdaq and anticipation surrounding key inflation reports, may have also influenced the favorable momentum for FedEx and other stocks such as Rivian and General Mills.

26.05.2024 - FDX Stock was up 15.7%

• FedEx (FDX) shares surged by 15% after reporting better-than-expected earnings results, beating EPS targets and meeting revenue expectations.
• The positive market response can be attributed to FedEx's strong performance in its fiscal fourth quarter and its inline outlook for the future.
• Investors are also reacting positively to FedEx's announcement of stock repurchases, indicating confidence in the company's financial health and growth prospects.
• Overall, the bullish movement in FDX reflects investor optimism in the company's ability to deliver solid financial results and maintain a competitive edge in the logistics industry.

26.05.2024 - FDX Stock was up 14.2%

• FedEx shares rose today as the company announced a strategic review of its less-than-truckload (LTL) business, which was well-received by investors.
• Reiterating a hold rating on FedEx also provided some positive sentiment towards the stock.
• The overall bullish market movement was further supported by a tech rebound, with Nvidia shares surging, contributing to the positive outlook for the tech sector.
• The upbeat corporate outlook from FedEx also played a role in boosting market confidence, signaling potential growth opportunities for the company.

20.08.2024 - FDX Stock was down 14.5%

• FedEx's first-quarter fiscal 2025 earnings and revenues lagged estimates, leading to a decline in stock value.
• The stock plummeted over 15% after missing earnings expectations, raising red flags for investors.
• Analysts are cutting price targets and issuing downbeat outlooks for FedEx, indicating more downside potential.
• The challenging quarter for FedEx highlighted the complexities of its restructuring efforts, impacting profitability and investor sentiment.

20.08.2024 - FDX Stock was down 15.5%

• Downbeat Q1 earnings and reduced guidance from FedEx led to a bearish sentiment among analysts.
• The company's complex restructuring efforts under CEO Raj Subramaniam hit a hurdle affecting its profitability.
• FedEx's poor results and reduced guidance contributed to a negative outlook, resulting in a decline in its stock.
• The overall sentiment towards FedEx was further affected by the broader market trend, with U.S. stock futures predicting a lower opening and tech-heavy Nasdaq futures decreasing significantly.

20.08.2024 - FDX Stock was down 14.4%

• FedEx (FDX) experienced a strong bearish movement today due to:
• Reporting worse-than-expected quarterly results and cutting its fiscal-year guidance, leading to investor disappointment.
• Missing revenue and earnings estimates for the first quarter of fiscal 2025, signaling operational challenges.
• Lowered guidance for the full year, indicating potential ongoing struggles in the company's performance.
• The overall negative sentiment towards the stock was exacerbated by the broader market trend of lower U.S. stock futures on Friday.

25.02.2024 - FDX Stock was up 7.3%

• FedEx (FDX) experienced a strong bullish movement today.
• The positive market movement could be attributed to the company's soaring performance despite a package of mixed financial results.
• The news about FedEx outperforming expectations despite facing challenges in China might have boosted investor confidence in the stock.
• Investor sentiment falling overall, but with FedEx standing out as a top performer, indicates a specific positive outlook on the company amidst broader market fluctuations.

24.02.2024 - FDX Stock was up 7.3%

• FedEx stock (FDX) experienced a strong bullish movement today despite a mixed bag of financial results, as investors seem to be optimistic about the company's future prospects.
• The market value of FedEx is being questioned, but today's soaring stock price suggests that investors may believe the stock is currently undervalued.
• While another company faced challenges related to China woes, FedEx managed to stand out and attract investors' attention, leading to its impressive bullish movement.
• The overall bullish sentiment in the market could have contributed to the positive momentum in FedEx stock today.

25.02.2024 - FDX Stock was up 7.3%

• Investor sentiment fell overall, but FDX soared, possibly due to positive market valuation and investor confidence in the company's growth prospects.
• Despite mixed financial results, FedEx managed to deliver gains, showcasing resilience in the face of market uncertainties.
• The bullish movement of FDX could be attributed to the company being perceived as priced right in the market, attracting investors seeking value opportunities.
• Tesla's decline due to China woes might have indirectly benefited FedEx, as investors shifted focus towards more stable and promising investment options like FDX.

26.05.2024 - FDX Stock was up 15.9%

• FedEx stock surged more than 15% in early trading today due to better-than-expected Q4 earnings results.
• A positive FY25 outlook from FedEx also bolstered investor sentiment.
• Investor confidence in FedEx is likely boosted by the strong earnings and optimistic future forecast, leading to a significant stock price increase.
• FedEx's solid Q4 performance and positive future outlook have attracted attention from investors, potentially benefiting ETFs connected to the company.