Logistics giant FedEx (FDX) is scheduled to announce its results for the second quarter of Fiscal 2026 on December 18. Shares have risen 5% over the past month but are flat year-to-date due to macro uncertainties and concerns about the end of the de minimis exception, which allowed goods valued below $800 to enter the U.S. without paying duties or taxes. According to TipRanks’ Options Tool, options traders expect about a 6.62% move in either direction in FDX stock in reaction to Q2 FY26 results.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
This implied move is higher than FedEx stock’s average post-earnings move (in absolute terms) of 2.31% over the past four quarters.
Wall Street expects FedEx’s earnings per share (EPS) to rise 1.5% year-over-year to $4.11 and revenue to rise 3.7% to $22.78 billion. The company reported better-than-expected earnings for Q1 FY26, driven by higher domestic package volumes. However, the FedEx Freight segment remained under pressure due to lower revenue and increased wages.
FedEx is in the process of spinning off its FedEx Freight business into a new publicly traded company, with this strategic move expected to be completed in June 2026.
Analysts’ Views Ahead of FedEx’s Q2 Earnings
Ahead of the Q2 results, Jefferies analyst Stephanie Moore increased the price target for FedEx stock to $315 from $280 and reiterated a Buy rating. The 5-star analyst noted that FDX stock has risen 23% in the last three months, driven by solid U.S. growth and a continued focus on revenue quality and cost efficiencies. Moore is “pleased” by FDX’s robust momentum and sees catalysts next year from the spinoff of the LTL (Less-Than-Truckload) business. Overall, Moore continues to be positive on the longer-term story of FedEx based on expectations of better margins at the business that is being separated and the remaining company.
Meanwhile, Wells Fargo analyst Christian Wetherbee raised his price target for FedEx stock to $290 from $280, while maintaining a Hold rating. Heading into Q2 earnings, the 5-star analyst increased Q2 and full-year Fiscal 2026 estimates, as revenue trends and the company’s Network 2.0 initiative are progressing ahead of his expectations. However, Wetherbee contends that expectations are elevated heading into Q2 results.
Also, Evercore analyst Jonathan Chappell increased his price target for FDX stock to $275 from $239, but reaffirmed a Hold rating. The 5-star analyst sees the possibility of FedEx surpassing the Street’s expectations, driven by a strong pricing backdrop that offsets volume headwinds. Chappell expects FedEx’s upcoming Investor Day event to be “crucial for any potential guidance changes.”
AI Analyst Is Bullish on FedEx Stock Ahead of Q2 Print
Interestingly, TipRanks’ AI Analyst has assigned an Outperform rating to FedEx’s stock with a price target of $295, indicating 4.9% upside potential. The AI analyst’s rating is based on solid cash flow generation, strategic cost management, and reasonable valuation. However, technical indicators imply caution due to overbought conditions. Also, the global trade environment could pose challenges.
Is FedEx Stock a Buy, Sell, or Hold?
Currently, Wall Street has a Moderate Buy consensus rating on FedEx stock based on 11 Buys, seven Holds, and one Sell recommendation. The average FDX stock price target of $284 indicates shares are fully priced at current levels.
