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We assess the investment-worthiness of FedEx stock post its lackluster first-quarter fiscal 2025 results.
FedEx reported their fiscal Q1 '25 earnings release - they missed on just about every major metric and lowered guidance as well. Revenue growth, which has been the issue for the last 6 quarters, was flat y-o-y, and that has to improve. The stock is still trading at an 11x “average” multiple using EPS estimates updated after Thursday's results, which reflect an expected average 13% growth rate for the next three years.
FedEx has helped kick off the Q3 earnings season, with its report reflecting one of the earlier that we still count in the overall Q3 tally. We still have a few weeks until the big banks unveil their quarterly results, really ushering in the period in a big way.
FedEx Corp (NYSE: FDX) tanked as much as 15% on Friday after reporting a steep decline in quarterly profit that missed Street estimates. The logistics company also lowered its full-year earnings guidance from $21 a share to $20.
JPMorgan's (NYSE: JPM) famous CEO Jamie Dimon recently said the US economy should not count on a soft landing.
Though Q3 expectations have been revised lower, the expectation overall is for an accelerating growth trend over the coming periods.
Major U.S. equities indexes were mixed on the final day of a trading week that saw the financial headlines dominated by the latest Federal Reserve policy meeting.
Brian Vendig, president of MJP Wealth Advisors, joins CNBC's 'Power Lunch' to discuss three stocks: Nike, Fedex, and Lennar.
FDX's first-quarter fiscal 2025 earnings and revenues decline year over year.
FedEx (FDX) shares plunged 15% Friday, a day after the package delivery giant missed quarterly estimates and reduced its forecast as it faced what Chief Executive Officer (CEO) Rajesh Subramaniam called a "challenging Q1 demand environment," especially in the U.S.