PREVIEW: FedEx advances ahead of results as investors eye overhaul

Shares of FedEx FDX.N up 0.6% at $230.57, on course for fourth straight session of gains, with package delivery giant's fiscal Q4 report due after the bell

For qtr-end May, Wall Street anticipates adj EPS of $5.84, up from $5.41 a yr-ago, on rev of $21.8 bln, vs $22.1 bln in Q4 2024, according to latest LSEG data

Stifel on Tues reduced its PT by $25 to $329 saying investors focused on FDX's "high stakes transformation", noting its Network 2.0 initiative is one of three major operational overhauls taking place

Maintaining its 'buy' rating, Stifel said it hopes to gain more insight into how the Express and Ground integration is faring, including potential cost savings

Last month, FDX named insider John Smith to lead its less-than-truckload (LTL) services spin-off

More recently, founder and former CEO Frederick Smith, who officially launched FDX in 1973, died on Sat

Of 32 analysts covering FDX, recommendation breakdown is 21 "strong buy" or "buy", 8 "hold" and 3 "sell" ratings - LSEG

Median PT of $271 down from $276 a month ago and from $295 on Mar 24

Including move on Tues, FDX shares down ~18% YTD vs nearly 10% rise in the S&P 500 Industrials sector .SPLRCI and nearly 4% decline in Dow Jones Transport Average .DJT