Here's What Analysts Are Forecasting For FedEx Corporation (NYSE:FDX) After Its Annual Results
Here's What Analysts Are Forecasting For FedEx Corporation (NYSE:FDX) After Its Annual Results
Shareholders of FedEx Corporation (NYSE:FDX) will be pleased this week, given that the stock price is up 19% to US$296 following its latest full-year results. The result was positive overall - although revenues of US$88b were in line with what the analysts predicted, FedEx surprised by delivering a statutory profit of US$17.21 per share, modestly greater than expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
FedEx公司（NYSE:FDX）的股東們本週將感到高興，因爲股票價格上漲了19%至296美元，在最新的全年業績公佈後。整體業績是積極的——儘管88億美元的營業收入與分析師的預測相符，但聯邦快遞通過實現每股17.21美元的法定利潤，比預期略高，給人驚喜。在公佈業績後，分析師更新了他們的盈利模型，這時需要知道他們是否認爲公司前景發生了強烈變化，或者是否還是像往常一樣。因此，我們收集了最新的法定預測，以了解分析師們對明年的預期。
Taking into account the latest results, the consensus forecast from FedEx's 26 analysts is for revenues of US$90.5b in 2025. This reflects a credible 3.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to climb 14% to US$20.05. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$90.7b and earnings per share (EPS) of US$20.49 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts.
考慮到最新的業績，聯邦快遞的26位分析師共識預測2025年營收爲90.5億美元。這反映了相對於過去12個月的營業收入有可信的3.2%的改進。預測法定每股收益將上升14%至20.05美元。但最新收益公佈之前，分析師們曾預計2025年營收爲90.7億美元，每股收益（EPS）爲20.49美元。所以似乎在最近的業績公佈之後，整體情緒略有下降——營業收入預測沒有發生重大變化，但分析師們對每股收益預測進行了小幅調整。
The consensus price target held steady at US$315, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic FedEx analyst has a price target of US$359 per share, while the most pessimistic values it at US$215. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await FedEx shareholders.
共識價格目標穩定在315美元，分析師們似乎投票認爲，他們較低的預期收益不太可能在可預見的未來導致股價下降。共識價格目標只是分析師個人目標的平均值，因此-了解基礎估計的範圍有多寬可能會很方便。最樂觀的聯邦快遞分析師的股票價目標爲359美元，而最悲觀的是215美元。分析師們對企業的看法確實存在差異，但根據我們的觀察，估計的範圍不足以表明極端結果可能等待聯邦快遞股東。
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that FedEx's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 3.2% growth on an annualised basis. This is compared to a historical growth rate of 6.3% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 5.2% annually. Factoring in the forecast slowdown in growth, it seems obvious that FedEx is also expected to grow slower than other industry participants.
獲取有關這些預測的更多背景資料的一種方法是查看它們與過去的表現以及同一行業中其他公司的表現相比如何。很清楚，聯邦快遞的營收增長預期將大幅放緩，預計到2025年底的營業收入的年化增長率爲3.2%。這與過去五年6.3%的歷史增長率相比。將此與行業中的其他公司（具有分析師預測）進行比較，行業中預計年收入增長率爲5.2%。考慮到預期的增長放緩，顯然聯邦快遞也預計增長率低於其他行業參與者。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是，營收預測未發生重大變化，業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元，最新估計不足以對價格目標產生影響。
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for FedEx. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that FedEx's revenue is expected to perform worse than the wider industry. The consensus price target held steady at US$315, with the latest estimates not enough to have an impact on their price targets.
最大的問題是分析師降低了每股收益預測，表明聯邦快遞可能面臨業務阻力。幸運的是，分析師也重新確認了他們的收入預測，表明其符合預期。雖然我們的數據確實表明，聯邦快遞的營收表現預計將不如整個行業。共識價格目標穩定在315美元，最新預測不足以對其價格目標產生影響。
With that in mind, we wouldn't be too quick to come to a conclusion on FedEx. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for FedEx going out to 2027, and you can see them free on our platform here..
考慮到這一點，我們不應該過快得出有關聯邦快遞的結論。長期的盈利能力比明年的利潤更重要。在Simply Wall St上，我們擁有截至2027年的聯邦快遞全面的分析師預測，您可以在這裏免費查看它們。
However, before you get too enthused, we've discovered 1 warning sign for FedEx that you should be aware of.
但是，在您熱情洋溢之前，我們已經發現了1個聯邦快遞的警告信號，您應該意識到。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。