FedEx Corporation (FDX) earnings on June 23, 2026

FDX price around the earnings

316.40

Change: -0.3%

Start of the measured window End of the measured window

292.50 302.19 311.87 321.56 317.24

June 23, 2026 June 24, 2026

Price: green if it ends above the starting price; red if it ends below
Start of the measured window
End of the measured window
Market open
No trading (market closed)
Starting price

Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Partial

Thesis published: 2026-06-23, 19:51 UTC

Analysts favor buying, but recent trend is negative.

Despite a history of beating earnings expectations, the stock's recent price trend has sharply declined due to broader economic concerns. Analysts still favor buying the stock, but recent sentiment suggests caution.

Context analyzed before publication

Summary: Analysts cite a positive view, but recent trend is negative.
Reasoning: Despite a history of beating earnings expectations, the stock's recent price trend has sharply declined due to broader economic concerns. Analysts still cite a positive view, but recent sentiment suggests caution.
Playbook: The stock shows strong historical earnings performance, but recent price action has weakened significantly. Broader economic factors are currently overshadowing positive analyst sentiment.
Trend: Trajectory collapsed significantly over the last 4 days.

Analysts

Drivers

Analysts Positive
Most analysts maintain a positive outlook, with an average price target suggesting an optimistic scenario. However, some analysts have recently downgraded their ratings.

Evidence

Analyst consensus: Buy
Consensus average (1-5): 1.93
Analysts covering the stock: 17
Average price target: 345.73
Lowest price target: 160
Highest price target: 442
Upside to price target: 8.5%
Quarterly earnings growth: 16.2%
Revenue growth: 8.3%
Forward EPS: 19.5
Trailing EPS: 18.74
Analyst moves in the last 60 days: 7

Strong buy: 3
Buy: 15
Hold: 8
Sell: 1
Strong sell: 1

Strong buy: 3
Buy: 15
Hold: 8
Sell: 1
Strong sell: 1

June 17, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
June 12, 2026 · Barclays: Maintains rating (Overweight → Overweight)
June 3, 2026 · Morgan Stanley: Maintains rating (Underweight → Underweight)
June 2, 2026 · B of A Securities: Maintains rating (Buy → Buy)
June 2, 2026 · BMO Capital: Maintains rating (Market Perform → Market Perform)
May 27, 2026 · JP Morgan: Upgrades rating (Neutral → Overweight)
May 22, 2026 · UBS: Maintains rating (Buy → Buy)

News and sentiment

Drivers

News & sentiment Negative
Online discussions about the stock show a predominantly negative sentiment among retail investors. This lack of positive chatter suggests a cautious or fearful mood.

Evidence

Sentiment

Sentiment: Cautious
Mention volume: Low
Normalized volume: 33%

News

Sources (4)

Carnival, Primoris Services And 3 Stocks To Watch Heading Into Tuesday — Benzinga
FedEx Q4 Preview: Market Expert Sees Stock Rallying To $345; ‘One Of The Better Turnaround Stories’ — Benzinga
Top Four S&P 500 Stocks To Watch Next Week: MU, CCL, FDX, PAYX — Benzinga
How To Earn $500 A Month From FedEx Stock Ahead Of Q4 Earnings — Benzinga

Technicals

Drivers

Technical Negative
The stock's price trend has weakened considerably over the past four days, falling from a strong score to a much lower one. This indicates significant selling pressure despite the stock being in oversold territory.

Evidence

Average true range (ATR): 3.2%
Distance to 52-week high: -5.6%
14-day change (14d): -2.9%
30-day change (30d): -12.6%
30-day relative strength: -12.6%
Benchmark change (0d): +0.0%
Nearest support: 326.85
Nearest resistance: 329.8
Volume accumulation ratio (14d / 46d): 1.31

Trends

Drivers

Macro & trends Negative
Widespread declines in major stock indices and negative economic forecasts are creating challenges. These broader market conditions are impacting the shipping and logistics industry.

Evidence

Average earnings surprise: +13.3%

March 19, 2026: actual EPS 5.25 vs estimate 4.18 (surprise +25.5%)
December 18, 2025: actual EPS 4.82 vs estimate 4.11 (surprise +17.2%)
September 18, 2025: actual EPS 3.83 vs estimate 3.61 (surprise +6.0%)
June 24, 2025: actual EPS 6.07 vs estimate 5.8 (surprise +4.6%)

Expected move

Drivers

Past earnings Positive
The company has a strong recent record of beating earnings estimates for the last four quarters. This historical outperformance tends to suggest a strong likelihood of exceeding expectations again.

There is no implied-move data available for this event.

Reactions over its last 19 earnings

Median move: 4.9%
75th percentile move: 8.6%
90th percentile move: 15.3%
Up / down moves: 10 / 9
Average up move: +5.3%
Average down move: -8.3%

Monitoring and close

What FedEx Corporation reported

There is no monitoring data available for this event.

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome: Partial
Consolidated: -0.1%
Max favorable move (MFE): 6.9%
Max adverse move (MAE): 2.2%