Will FDX's Q4 2025 EPS beat forecasts?

**FedEx's Q4 2025 EPS is likely to be in line with forecasts or slightly below**, considering the current economic conditions and the company's performance in Q3 2025.

1. **Challenging Economic Conditions**: FedEx is facing a weak industrial economy and soft demand environment, which has impacted its performance in previous quarters. These conditions are likely to persist, affecting the company's profitability in Q4 2025.
2. **Q3 Performance**: In Q3 2025, FedEx's EPS was $4.51, which missed the consensus estimate of $4.65. Despite this, the company's revenue exceeded expectations at $22.2 billion. The mixed results in Q3 suggest that while revenue may be strong, EPS could be impacted by operational costs or other factors.
3. **Cost Savings**: FedEx has implemented the DRIVE program, which has generated cost savings of $540 million in Q2 2025 and is expected to contribute further savings in Q3 and Q4 2025, reaching $2.2 billion for the full year. These cost savings could potentially boost EPS if operational costs are managed effectively.
4. **Market Expectations**: Analysts have lowered their EPS expectations for FedEx, with the fiscal 2025 adjusted EPS estimate ranging from $18 to $18.60, down from previous guidance of $19 to $20. This suggests that the market may not be expecting an EPS beat in Q4 2025.

In conclusion, while FedEx's Q4 2025 revenue may be robust, the company's EPS is likely to be in line with or slightly below forecasts due to the challenging economic environment, operational costs, and lowered guidance. The ultimate outcome will depend on factors such as cost management and business segment performances.