FedEx (NYSE:FDX) shares dropped more than 6% in premarket trading on Wednesday after the logistics group issued a 2026 profit forecast that fell short of market expectations, overshadowing stronger-than-expected fourth-quarter earnings and revenue.
Fourth-Quarter Results Top Estimates The package delivery company reported adjusted earnings of $6.31 per share for the fourth quarter, exceeding analyst expectations of $5.92 per share
Revenue reached $25 billion during the period, ahead of the $24.01 billion consensus estimate, supported in part by higher shipping rates across its network. The better-than-expected quarterly performance reflected ongoing efforts to improve efficiency and pricing, although investors remained focused on the company’s outlook for the year ahead. Profit Guidance Falls Short of Expectations FedEx forecast fiscal 2026 earnings per share in the range of $16.90 to $18.10.
While the guidance represents an improvement from calendar year 2025 earnings per share of $15.00, it came in well below Wall Street’s average forecast of $19.86 per share. The company also projected revenue growth of approximately 11% during the coming year. The weaker-than-anticipated earnings outlook prompted investors to reassess the pace of FedEx’s recovery and growth prospects.