Jun. 26 at 4:19 PM
$FDXF is feeling the pain today after reporting mixed quarterly results. The company beat market consensus estimates for both revenue and *adjusted*operating income in its first earnings report as a standalone public company following its June 1 spinoff. Revenue grew 4.8% YOY to
$2.4B, surpassing the market forecast of
$2.26 B. Additionally, the company reported an adjusted operating income of
$363M, which beat the market-expected range of
$359M.
GAAP operating income dropped 66.9% YOY to
$158M, impacted by one-time separation costs related to the establishment of
$FDXF as a separate entity. For the new transition period (June 1 – December 31, 2026), the company forecasts a GAAP operating income of
$475M-
$515M.
Analyst Price Targets:
$200 Jefferies
$187 BofA
$175 Morningstar
$165 Evercore
$160 Stifel
$150 BMO Capital
