FedEx to Report Q1 Earnings Amid Market Challenges

MEMPHIS, Tenn. — FedEx is set to announce its first-quarter earnings for fiscal year 2026 on Thursday, September 18, 2025, after the market closes. Analysts have expressed caution regarding the performance of FedEx (FDX) due to ongoing tariff pressures and macroeconomic uncertainties.

Despite a decline of over 16% in stock value year-to-date, Wall Street anticipates FedEx will report earnings of $3.64 per share on sales of approximately $21.67 billion. This marks a modest 1.1% increase in earnings and a 0.4% rise in revenue from the same quarter last year.

Goldman Sachs analyst John Alliger recently lowered his price target for FedEx to $276 from $290, maintaining a ‘Buy’ rating. He pointed out that forecasting is difficult due to uncertainties surrounding tariffs that affect global trade. Alliger noted that domestic package volumes may have decreased as demand softened during the first quarter.

In light of recent changes to de minimis exemptions, which previously allowed goods valued under $800 to enter the U.S. tax-free, Alliger revised his earnings forecast down to $3.50 per share. This adjustment reflects the anticipated impact on logistics and operations as all incoming shipments will now incur duties and taxes.

Bank of America also downgraded FedEx’s stock from ‘Buy’ to ‘Hold,’ citing volume and cost pressures due to the end of de minimis exemptions. Analyst Jennifer Hoexter highlighted that international shipments comprise a significant portion of FedEx’s revenue stream and could face challenges ahead.

Current estimates from analysts place an average target price of $266.59 on FedEx, suggesting about 17% upside potential from present levels. However, the consensus rating remains mixed, reflecting uncertain market conditions. The expected earnings move for FDX following the announcement suggests traders are bracing for volatility.

Overall, FedEx’s first-quarter results will offer critical insight into the company’s financial health amid turbulent market conditions.