FedEx Corp. is scheduled to report fiscal fourth-quarter results on Tuesday after the closing bell, but what the package delivery giant says about the future will be of much more interest to Wall Street than what it says about the past three months.Most analysts remain bullish on FedEx FDX, -1.49% over the longer term, but they have become less so in recent months.
Brown kept his rating at outperform, but lowered his stock price target to $200 from $215, cut his adjusted earnings-per-share estimate for fiscal 2020 to $15.50 from $17.10 and lowered his revenue forecast to $70.76 billion from $72.77 billion. Earnings: The average analyst EPS estimate for the quarter ended May, as compiled by FactSet, is $4.85, which is down from $5.91 in the same period a year ago. The FactSet consensus has declined steadily this year, from $4.93 at the end of March and $5.32 at the end of December.
Stock price: FedEx’s stock has lost 7.5% over the past three months, and 33% the past 12 months. That makes it the worst performing stock in the Dow Jones Transportation Average over the past year.
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Source: CNBC - 🏆 12. / 72 Read more »