FedEx Corp reports results for the quarter ended May 31 - Earnings Summary

• FedEx Corp FDX.N reported quarterly adjusted earnings of $6.07​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of $5.41. The mean expectation of twenty seven analysts for the quarter was for earnings of $5.81 per share. Wall Street expected results to range from $5.33 to $6.16 per share.

• Revenue rose 0.5% to $22.22 billion from a year ago; analysts expected $21.79 billion.

• FedEx Corp's reported EPS for the quarter was $6.88​.

• The company reported quarterly net income of $1.65 billion.

• FedEx Corp shares had fallen by 6.0% this quarter and lost 18.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.6% in the last three months.​

• In the last 30 days, twelve analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 8 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is also "buy"

• Wall Street's median 12-month price target for FedEx Corp is $271.00, about 15.3% above its last closing price of $229.51

This summary was machine generated from LSEG data June 24 at 10:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)