UPDATE—Sept. 19, 2024: This article has been updated to reflect more recent analyst estimates and share price information.

FedEx (FDX) is set to report fiscal 2025 first-quarter earnings after the bell Thursday, with analysts expecting the shipping giant to post year-over-year revenue and profit gains.

Analysts polled by Visible Alpha expect 澳洲幸运5官方开奖结果体彩网:net income of $1.16 billion on revenue of $21.95 billion, up from $1.08 billion and $21.68 billion, respectively, in the first quarter of fiscal 2024.

Analysts are largely optimistic about FedEx's stock, with 11 "buy" ratings and just "hold" and one "sell" rating apiece, according to Visible Alpha's database, with an average 澳洲幸运5官方开奖结果体彩网:price target of $323.50, abo🤪ut 6% above T✱hursday's intraday price of $303.97.

Key Metric: Full-Year Outlook

In its 澳洲幸运5官方开奖结果体彩网:fourth-quarter report in June, FedEx introduced its 澳洲幸运5官方开奖结果体彩网:projections for fiscal 2025. It guided low- to mid-single-digit revenue growth, while analysts expect growth of just over 2% from last year's $87.69 billion. The company also saw 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) between $18.25 and $20.25, 6% to 18% better than the $17.21 generated in fiscal 2024, while analysts expect $19.87.

FedEx will be losing out on one source of revenue 澳洲幸运5官方开奖结果体彩网:later this month, when its contract with the U.S. Postal Service (USPS) officially ends and shipping rival UPS (UPS) takes over as the USPS' official air freight carrier. In April, FedEx said it was unable to reach "mutually agreeable terms" with the USPS, and said it planned to "implement adjustments" to its shipping network to adjust for the lost volume and further improve profitability.

Business Spotlight: Cost-Cutting 𒈔Measures Mostly Paying Off

In April 2023, FedEx 澳洲幸运5官方开奖结果体彩网:announced plans to restructure and cut an estimated $4 billion in costs by 2025. The plan largely has paid off, with FedEx mostly posting substantial profit improvements despite 澳洲幸运5官方开奖结果体彩网:revenue declines or slight gains in recent quarters.

FedEx looked to cut costs after 澳洲幸运5官方开奖结果体彩网:shipping demand fell from its pandemic-fueled peak, with UPS also reporting revenue declines amid lower volumes. Last quarter, FedEx said it expected to cut about $2.2 billion in costs over fiscal 2025, up from $1.8 billion in fiscal 2024.

FedEx Chief Customer Officer Brie Carere said in its June earnings call that the company expects "the demand environment to moderately improve as we move through the year."

FedEx shares were up close to 2% in intraday trading Thursday, ahead of the company's earnings report after the bell. They've gained about 20% since the start of the year.