FedEx Freight earnings beat forecasts as its adjusted profit outlook rises
Earnings results
- EPS beat +9.6%
Actual: $1.49 · Cons.: $1.36 (adjusted diluted EPS excluding spin-off costs)
- Revenue beat +3.0%
Actual: $2.442B · Cons.: $2.37B (reported revenue for the three months ended September 30)
- Guidance
June–December adjusted EPS raised to $2.80–$2.90 from $2.40–$2.60, excluding spin-off costs and pension revaluations
Earnings and the stock move
The earnings beat and higher adjusted outlook offer evidence that the newly independent carrier can improve its operating performance. Investors should separate pricing and fuel-surcharge benefits from shipment demand, and adjusted profit from the substantial costs of becoming a standalone company.
Three months ended September 30, 2026 earnings recap
FedEx Freight rose 13.2% during trading on October 30, 2026 after beating earnings forecasts and raising its adjusted profit outlook.
- For the three months ended September 30, adjusted EPS, or profit per share excluding spin-off costs, was $1.49 versus the $1.36 forecast. GAAP profit per share was $0.98.
- Quarterly revenue rose 8% to $2.44 billion versus the $2.37 billion forecast. The company combines smaller business shipments into truckloads, earning fees for transport and delivery.
- Fuel surcharges helped lift revenue, while shipments remained soft. Over June through September, daily shipments fell 1.4% and revenue per shipment excluding fuel rose 1.6%, so stronger revenue does not yet mean a broad demand recovery.
- The June–December adjusted profit-per-share outlook rose to $2.8–$2.9 from $2.4–$2.6. Those ranges exclude spin-off costs and pension revaluations.
- The profit outlook before removing spin-off costs fell to $1.69–$1.79 from $1.75–$1.95; both ranges still exclude pension revaluations. Separation expenses remain a meaningful drag on reported profit.
- For the December quarter, adjusted profit per share is expected at $0.65–$0.75 versus the $0.53 forecast. The company is changing to calendar-year reporting, so its separate four-month transition results should not be confused with a normal quarter.
Watch whether shipment demand improves and base pricing holds as fuel surcharges change. The charts end at the October 29 close, before earnings; higher operating costs and spin-off expenses could limit the recovery.
Financials and technicals
Charts through Oct 29, 2026. The session move above may reflect later news.
Technical setup and risks
The October 29 completed charts precede the earnings advance. Holding above the prior $113–$114 highs would support the move; falling below the prior $103–$107 low area would weaken it. A post-earnings gap can establish a different trading range.
AI-assisted research with source and calculation checks. Prices may be delayed. Technical charts use the stated completed session, which can precede the quoted intraday move. Educational information; investing involves risk.