FDX

Ariel's non-consensus approach seeks to identify undervalued, out-of-favor, franchises that are misunderstood and therefore mispriced. At the sector level, positive stock selection among Consumer Discretionary, Consumer Staples and Health Care were the greatest contributors to returns, while our Information Technology and Industrials holdings as well as overweight exposure to Utilities were the largest performance detractors. We initiated eight new positions during the quarter.

FDX's Q3 2026 earnings beat estimates as higher package yields, volume growth and cost savings boost profits, prompting an upward revision to its 2026 outlook.

FedEx raises its 2026 earnings outlook as premium shipping demand and network savings fuel growth, despite rising transportation costs and margin pressures.

FedEx NYSE: FDX reported higher revenue, earnings and free cash flow in its third calendar quarter, supported by growth in business-to-business shipping, international air freight and premium business-to-consumer services. The company raised and narrowed its full-year adjusted earnings outlook as it continues to restructure its network, reshape its portfolio and return capital to shareholders.

FedEx Corporation (FDX) Q3 2026 Earnings Call Transcript

FedEx on Wednesday beat Wall Street expectations on the top and bottom lines for its third-quarter results. The company also raised its full-year guidance.

The shipping company now expects revenue to grow around 12% for the calendar year.

A third-quarter 2026 beat and a raised full-year outlook are pulling United Parcel Service (NYSE:UPS | UPS Price Prediction) stock well ahead of its freight and logistics rivals. UPS stock is at $105.01, up 5% during the afternoon session.

FDX is likely to have faced cost pressures ahead of Q3 earnings, with wage inflation, pilot contract expenses and stranded costs threatening margins despite transformation savings.

America's two package delivery giants both pay dividends, but one is running its payout dangerously close to the edge of its own cash flow while the other raises its dividend for a sixth straight year on less than a third