FedEx Prepares for Critical Earnings Report FDX is set to release its second-quarter earnings on Thursday after market hours.

Analysts anticipate earnings per share of $3.91 and total revenues of $22.11 billion. Currently, the stock has declined by 1.45% in the past year, but it shows a positive trend with a 9.27% increase over the last six months.

Let’s examine how the Memphis-based delivery service stacks up against Wall Street’s forecast.

Read Also: FedEx Faces Key Earnings: Analysts Call It ‘One of the Most Significant Quarters in Years’

FedEx Stock Takes a Dip Ahead of Earnings

FedEx’s stock is displaying notable bearish momentum, currently priced at $276.46. It remains below its five-day, 20-day, and 50-day exponential moving averages, signaling ongoing selling pressure.

Chart created using Benzinga Pro

The eight-day simple moving average (SMA) is at $279.76, while the 20-day SMA is at $287.43 and the 50-day SMA is at $281.67, creating a bearish outlook since the stock is consistently below these important levels. Conversely, the 200-day SMA at $276.13 might indicate a hint of long-term recovery.

The Moving Average Convergence Divergence (MACD) at -2.42 points to negative momentum, and the Relative Strength Index (RSI) at 40.45 shows the stock nearing oversold conditions but still within bearish range.

Investors are advised to proceed cautiously, as technical indicators suggest that FedEx stock may continue to face bearish pressures.

Analysts Optimistic About FedEx’s Future

Analyst Ratings & Price Targets: Current consensus among analysts is a Buy rating, with an average price target of $308.69. Recent ratings from JPMorgan, Bernstein, and Barclays indicate a potential upside of 26.36% for FedEx stock, with a higher average target of $349.

Current Price Activity: As of this writing, FedEx stock is trading at $274.40 per share.

What’s Next:

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