To The Moon

Earnings Calendar (22Jun2026)

I am interested in the earnings of FedEx, Carnival, Micron, Trip and BlackBerrry.

FedEx earnings serve as a primary health check for the global economy because the company moves millions of packages daily across more than 220 countries and territories. When businesses and consumers buy fewer goods, FedEx is often the first to notice.

FedEx is a market bellwether. As a Global Trade Barometer, Consumer Spending Pulse, Corporate Health Indicator, Transportation Sector Leader and Forward-Looking Guidance, their earnings tell a lot more about the economy than the performance of one company.

Valuation and Market Sentiment

The stock has risen 44.31% from a year ago. Technical analysis currently points to a “strong sell” recommendation, while analyst sentiment remains more constructive with a “buy” rating.

· Price target: $339.71, implying a potential upside of 4.14%.

· EPS: 18.93.

· PE ratio: 17.3.

Overall, the valuation appears reasonably attractive, although the mixed technical and analyst signals suggest that investors should weigh momentum risks against the company’s fundamental profile.

Income Statement Trends

For the annual financial period from May 2021 to May 2025, FedEx showed modest revenue growth, but profitability weakened over the same period.

· Total revenue: Increased from $83.9 billion in 2021 to $87.9 billion in 2025. The highest annual revenue during the period was in 2022, at $92.5 billion.

· Operating income: Declined from $7.9 billion in 2021 to $6.7 billion in 2025.

· Net income: Fell from $5.2 billion to $4.0 billion over the same period.

Balance Sheet Position

FedEx’s balance sheet expanded between 2021 and 2025, with both assets and equity increasing. However, debt also edged higher, which remains an area to monitor.

· Total assets: Increased from $82.7 billion to $87.6 billion.

· Total liabilities: Increased from $58.6 billion to $59.5 billion.

· Total equity: Increased from $24.1 billion to $28.0 billion.

· Total debt: Rose from $36.4 billion to $37.4 billion, which is a potential concern given the broader profitability trend.

Cash Flow Trends

Cash flow trends are more mixed. Operating cash flow has declined steadily over the past five years, which is a concern. Cash used in financing has continued to decrease, which may be less negative depending on the underlying drivers. Investing cash flow has remained negative, with annual outflows generally ranging between $4 billion and $6 billion.

FedEx News Q1/2026 (compiled by Gemini)

From January to March 2026, FedEx (NYSE: FDX) executed major structural shifts and delivered strong financial performance.

• Corporate Restructuring: FedEx advanced the spin-off of its Less-Than-Truckload segment, FedEx Freight, backed by a $3.7 billion notes issuance. It also joined a consortium to take European locker operator InPost private for €15.60 per share.

• Long-Term Targets: At its February Investor Day, management set a FY2029 revenue goal of $98 billion and projected a $3 billion operating income surge, driven by AI automation and network efficiency while capping FY2026 capital spending at $4.1 billion.

• Fiscal Q3 Earnings: March results beat expectations with revenue up 8% ($24.0 billion) and adjusted EPS up 16% ($5.25). Consequently, FedEx raised its full-year adjusted EPS guidance to $19.30–$20.10.

• Regulatory & Operations: The company sued the U.S. government over Trump-era tariffs and updated global surcharges, balancing a $120 million drag from grounding its MD-11 fleet.

For the upcoming earnings, the EPS and Revenue forecasts are $5.92 and $24.01 billion, respectively.

With the above, FedEx can be an interesting consideration for our portfolios.

@TigerStars

$FedEx(FDX)$

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