FedEx pops after delivering Q1 earnings beat and receiving price target boost

FedEx shares rose Friday after the courier giant delivered better-than-expected fiscal Q1 results.

The company posted adjusted earnings of $3.83 a share, topping Wall Street’s $3.61 call. Revenue hit $22.2 billion, also ahead of forecasts, thanks to strong US delivery volumes, even as tariff pressures weighed on its international business.

Looking ahead, FedEx gave a full-year outlook calling for 4% to 6% sales growth and adjusted EPS between $17.20 and $19. That stacks up against Street expectations of 3.3% sales growth and EPS of $18.34. The company also reiterated plans to spin off its freight arm by mid-2026.

The stock got a price target boost from TD Cowen, which inched its estimate up to $271 from $269 while keeping a “buy” rating.

Even with Friday’s pop, FedEx shares are still down about 17% this year.

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