Financial OutlookAnalysts have lowered the F3Q24 EPS estimate for FedEx, reflecting concerns about seasonality, weather, and macroeconomic pressures.
Operational EfficiencyDuring peak season, the implementation of cost-saving initiatives through the DRIVE program was likely limited, adding to the challenges faced by FedEx.
Revenue Growth ConcernsFY 2025 estimates lowered due to additional conservatism on the pace of freight/parcel volume recovery.