FedEx Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

FedEx Corporation FDX is expected to report its fourth-quarter fiscal 2023 results after the closing bell on June 20, 2023.

Analysts expect the company to post quarterly earnings at $4.89 per share, down from year-ago earnings of $6.87 per share. The company’s revenue might come in at $22.77 billion.

FedEx shares rose 3% to close at $236.44 on Thursday and added 0.4% in today’s pre-market trading session.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Credit Suisse analyst Ariel Rosa reiterated an Outperform rating with a price target of $273 on April 6, 2023. This analyst sees around 15% upside in the company’s stock and has an accuracy rate of 73%.
  • Stephens & Co. analyst Jack Atkins reiterated an Overweight rating with a price target of $290 on April 6, 2023. This analyst sees around 23% upside in the company’s stock and has an accuracy rate of 74%.
  • Raymond James analyst Patrick Tyler Brown upgraded the stock from Market Perform to Outperform with a price target of $285 on April 6, 2023. This analyst sees around 21% upside in the company’s stock and has an accuracy rate of 77%.
  • Argus Research analyst John Eade maintained a Buy rating and boosted the price target from $200 to $240 on March 21, 2023. This analyst sees around 2% upside in the company’s stock and has an accuracy rate of 72%.
  • Wells Fargo analyst Allison Poliniak maintained an Equal-Weight rating and increased the price target from $225 to $240 on March 17, 2023. This analyst sees around 2% upside in the company’s stock and has an accuracy rate of 70%.

 

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