FedEx Freight takes a step forward in its independent journey. Here's why we like the stock

FedEx Freight reported better-than-expected segmented results on Thursday, as previously released by FedEx Corporation earlier this week. With the spin-off now complete, FedEx Freight management's focus now shifts to building a stronger business with more profitable growth. Revenue in the fiscal fourth quarter of 2026 was $2.4 billion, above the $2.26 billion consensus forecast, according to estimates compiled by LSEG. Adjusted operating income fell 24% to $363 million, beating expectations of $359, LSEG data showed. FDXF shares were little changed in after-hours trading Thursday, a possible reflection that the stock isn't on investors' radars just yet. There are some other things to keep in mind. One is that the company didn't provide an earnings per share figure. It's not unusual for a recently spun-out company to de-emphasize EPS in a quarterly period where it still operated inside its parent company. Secondly, Freight's revenue and adjusted operating income results were reported inside FedEx's quarter on Tuesday, so these figures aren't a surprise. The third thing is that LSEG's estimates were based off three different analysts, which doesn't make for a broad consensus. FedEx Freight is a less-than-truckload carrier. LTL services consolidate shipments from multiple customers onto a single trailer. …