FedEx Corporation (FDX) shares pushed higher in premarket trading Tuesday, building on Monday's momentum as investors digested new product announcements and caught a tailwind from cheaper fuel costs.

AI-Powered Tools for Tracking and Returns

The logistics company rolled out enhanced digital tracking and returns capabilities designed to streamline the post-purchase experience for online shoppers. FedEx Tracking+ and FedEx Returns+ are two upgraded tools that shippers can embed directly into their own websites and apps, creating a white-labeled, AI-powered layer that improves visibility and communication throughout the delivery process, according to Tuesday's announcement.

The idea here is pretty straightforward: instead of customers bouncing to FedEx's website to track packages or process returns, retailers can keep everything in-house while leveraging FedEx's infrastructure behind the scenes. It's a smart play for customer retention in e-commerce.

Cheaper Oil Lifts Transportation Stocks

Transportation stocks broadly caught a break as oil prices tumbled. WTI crude futures slipped below $62 per barrel Tuesday, continuing a six-month slide as geopolitical pressures eased.

The U.S. and Iran announced plans to resume nuclear diplomacy talks on Friday. Meanwhile, President Donald Trump reduced tariffs on Indian goods to 18% from 25% after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil and increase imports from the U.S. Lower fuel costs mean better margins for shipping companies, so the sector moved higher in sympathy.

What to Expect from Upcoming Earnings

Investors are keeping an eye on FedEx's next earnings report, scheduled for March 19. Here's what analysts are expecting:

• EPS Estimate: $4.02 (Down from $4.51 year-over-year)
• Revenue Estimate: $23.42 billion (Up from $22.20 billion year-over-year)
• Valuation: P/E of 18.6x (Indicates fair valuation)

Analyst Consensus & Recent Actions:

The stock carries a Buy rating with an average price target of $298.60. Recent analyst moves include:

• Rothschild & Co: Downgraded to Neutral (Target $317.00) (Jan. 21)
• Bernstein: Market Perform (Raises Target to $306.00) (Jan. 9)
• Citigroup: Buy (Raises Target to $327.00) (Dec. 19, 2025)

FDX Price Action: FedEx shares were up 1.99% at $341.96 during premarket trading on Tuesday.