FedEx Q1 Earnings Preview Amid Market Challenges

FedEx (FDX) prepares to report its first-quarter fiscal 2026 earnings after Thursday's market close, with Wall Street anticipating modest growth despite macroeconomic headwinds. Analysts project earnings per share of $3.64, a 1.1% year-over-year increase, on revenue of $21.67 billion. The delivery giant's stock has declined over 16% year-to-date as tariff uncertainties and competitive pressures weigh on performance.

Goldman Sachs maintains a Buy rating but reduced its price target to $276, citing near-term forecasting challenges. Cost-cutting measures may bolster profitability even as domestic package volumes show signs of softening. The logistics sector remains a bellwether for global trade health—FedEx's results will be scrutinized for signals about broader economic resilience.