Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Herman Miller’s Q1 Sales Beat Estimates Shares Riseĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Gauging Palatin Technologies’ Risk Factors As for price targets, the average FDX price target is $307.80, reflecting 12-month upside potential of 40.4% from current levels.
This implies 50.5% upside potential to current levels.įDX has a Strong Buy analyst consensus rating based on 17 Buys and 4 Holds. On September 29, Berenberg Bank analyst William Fitzalan Howard reiterated a Buy rating on the stock and a price target of $330. However, the company posted adjusted earnings of $4.37 per share, down 10.3% year over year, and below analysts’ expectations of $5.00 per share.ĭuring the quarter, the company incurred $450 million in additional labor expenses, which were partially offset by better package and freight yields and a positive net fuel effect. Now let us dive into FedEx’s financial performance for the first quarter.įedEx recorded $22 billion in revenue, up 14% year-over-year. On a brighter note, the overall sector average for the Finance & Corporate risk factor is 39.1%, higher than the average risks in that category for FedEx, which is 21.4%.
The company’s financial operations were harmed as a result of these issues. The firm had to face the additional costs of labor market limitations, which included higher wages, greater transportation costs, and reduced service levels. Under the Employment / Personnel sub-category, the company said, “Difficulties in attracting and retaining employees by FedEx and our contracted service providers and increases in labor and purchased transportation costs have materially adversely impacted our business and results of operations.”įedEx highlighted that the company’s recent first-quarter 2022 earnings were affected by pandemic-related workforce unavailability. The next two major risk factor contributors are Finance & Corporate and Legal & Regulatory, which stand at 21% each.įedEx has added one new risk factor under the Production category. (See FedEx stock charts on TipRanks) Risk FactorsĪccording to the new Tipranks Risk Factors tool, FedEx’s main risk category is Production, which accounts for 25% of the total 28 risks identified. Let’s take a look at the company’s financial performance and what has changed in its key risk factors that investors should know. The firm offers a diverse range of transportation, e-commerce, and business services. #2 Using CSS directive, put the following line in add to your css file.(http | https) url(//db./c/17fdba0db4aed68bd367124ce3803fd3?family=Proxima+Nova+ExCn+Rg) #3 Use font-face declaration Fonts.A Look at FedEx’s Risk FactorsįedEx Corporation ( FDX) is the world’s leading express delivery company.