FedEx’s (FDX) fiscal first quarter earnings disappointed Wall Street while cutting its full-year guidance, sending its stock plunging in Friday's session...
) fiscal first quarter earnings disappointed Wall Street while cutting its full-year guidance, sending its stock plunging in Friday's session. Stephens Equity Research Managing Director for Transportation Daniel Imbro has an Overweight rating on FedEx, believing the stock reaction to be justified while recommending"buying it here at the $250s as the next 12 months offers an attractive risk-reward from these levels.
We wanna bring in Daniel Embro, who is the managing director of Equity Research for Transport for Transportation with Stevens.So let's talk about this quarter because clearly the street a bit worried about what they are seeing here from fedex.You had a confluence of a few headwinds kind of manifest into a bigger myth than expected.
And the parcel say specifically, I would say UPS and fedex both passed through pretty big peak season surcharges this year that at least indicates they think the market's healthy enough to accept those and and that shippers are willing to pay for that. Uh So I think you could see some parts of their business that get busier as supply chains get disrupted.Ultimately, tariffs would be inflationary and so back to the last question around and consumer demand.And ultimately, you know, could, could hamper demand in a pretty soft backdrop today.
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