FedEx sees holiday quarter adjusted profit topping Wall Street's view, sets fiscal 2029 targets

Reuters

02/12

FedEx sees holiday quarter adjusted profit topping Wall Street's view, sets fiscal 2029 targets

By Lisa Baertlein

Feb 12 (Reuters) - Global delivery firm FedEx said on Thursday adjusted earnings for the current quarter would top Wall Street's average estimate and set growth targets through its fiscal year ending in May 2029.

Earnings for its third quarter ending February 28 will exceed analysts' consensus forecast, FedEx said ahead of its annual investor day in Memphis, where it is headquartered. Analysts, on average, were expecting a profit of $3.99 per share as of Wednesday, according to data compiled by LSEG.

FedEx also set financial targets for fiscal 2029, including consolidated revenue of $98 billion, operating income of $8 billion and an operating margin of 8%.

For fiscal 2025, FedEx reported revenue of $87.9 billion, adjusted operating income of $6.12 billion and an adjusted operating margin of 7%.

(Reporting by Lisa Baertlein; Editing by Jamie Freed)

((Lisa.Baertlein@ThomsonReuters.com))

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