FedEx (FDX) Ascends While Market Falls: Some Facts to Note

In the latest trading session, FedEx (FDX) closed at $387.68, marking a +1.33% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.54%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 1.18%.

The package delivery company's shares have seen an increase of 21.59% over the last month, surpassing the Transportation sector's gain of 9.28% and the S&P 500's gain of 0.58%.

The investment community will be paying close attention to the earnings performance of FedEx in its upcoming release. The company is slated to reveal its earnings on March 19, 2026. It is anticipated that the company will report an EPS of $4.12, marking a 8.65% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.59 billion, up 6.45% from the year-ago period.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $18.48 per share and revenue of $92.88 billion. These totals would mark changes of +1.59% and +5.64%, respectively, from last year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for FedEx. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.53% higher. FedEx is currently a Zacks Rank #3 (Hold).

In terms of valuation, FedEx is presently being traded at a Forward P/E ratio of 20.7. This denotes no noticeable deviation relative to the industry average Forward P/E of 20.7.

Meanwhile, FDX's PEG ratio is currently 1.82. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Transportation - Air Freight and Cargo industry had an average PEG ratio of 1.82.

The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 89, putting it in the top 37% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.