0139 GMT - Fortescue's FY27 guidance for iron-ore shipments is "a touch light," while the miner's projections for annual unit costs and capital expenditure are each 6% higher than market consensus, says RBC Capital Markets analyst James Redfern. Fortescue forecasts FY27 shipments between 197 million and 207 million metric tons, versus consensus of 205 million tons, he says. The miner's hematite C1 cost guidance of US$20.50-US$21.75/wet ton compares with consensus of US$19.86/ton, while metals capex guidance of US$3.7 billion-US$4.7 billion compares with consensus of US$4.0 billion, says Redfern. FY26 shipments, costs and prices are in line with expectations, he says. RBC has a sector-perform rating and target price of 21.00 Australian dollars on Fortescue. Shares are down 2.3% at A$18.43.