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Here's What Key Metrics Tell Us About UPS (UPS) Q3 Earnings
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For the quarter ended September 2023, United Parcel Service (UPS - Free Report) reported revenue of $21.06 billion, down 12.8% over the same period last year. EPS came in at $1.57, compared to $2.99 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $21.54 billion, representing a surprise of -2.22%. The company delivered an EPS surprise of +2.61%, with the consensus EPS estimate being $1.53.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how UPS performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average revenue per piece - International Package - Total: $20.78 compared to the $20.57 average estimate based on four analysts.
Average daily package volume - International Package - Export: 1,615 thousand versus 1,593.5 thousand estimated by four analysts on average.
Average daily package volume - International Package - Domestic: 1,524 thousand versus 1,540.1 thousand estimated by four analysts on average.
Average revenue per piece - U.S. Domestic Package - Ground: $11.10 versus $11.20 estimated by four analysts on average.
Revenue- Supply Chain Solutions: $3.13 billion versus the six-analyst average estimate of $3.42 billion. The reported number represents a year-over-year change of -21.4%.
Revenue- International Package: $4.27 billion versus the six-analyst average estimate of $4.29 billion. The reported number represents a year-over-year change of -11.1%.
Revenue- U.S. Domestic Package: $13.66 billion versus $13.93 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -11.2% change.
Revenue- International Package - Cargo: $158 million versus $188.81 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -40.8% change.
Revenue- U.S. Domestic Package - Ground: $10.16 billion compared to the $10.52 billion average estimate based on five analysts. The reported number represents a change of -10.8% year over year.
Revenue- U.S. Domestic Package - Next Day Air: $2.37 billion versus $2.36 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -11.3% change.
Revenue- International Package - Domestic: $742 million versus $723.92 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5.5% change.
Revenue- International Package - Export: $3.37 billion versus the five-analyst average estimate of $3.38 billion. The reported number represents a year-over-year change of -10.1%.
Shares of UPS have returned -3.6% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About UPS (UPS) Q3 Earnings
For the quarter ended September 2023, United Parcel Service (UPS - Free Report) reported revenue of $21.06 billion, down 12.8% over the same period last year. EPS came in at $1.57, compared to $2.99 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $21.54 billion, representing a surprise of -2.22%. The company delivered an EPS surprise of +2.61%, with the consensus EPS estimate being $1.53.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how UPS performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average revenue per piece - International Package - Total: $20.78 compared to the $20.57 average estimate based on four analysts.
- Average daily package volume - International Package - Export: 1,615 thousand versus 1,593.5 thousand estimated by four analysts on average.
- Average daily package volume - International Package - Domestic: 1,524 thousand versus 1,540.1 thousand estimated by four analysts on average.
- Average revenue per piece - U.S. Domestic Package - Ground: $11.10 versus $11.20 estimated by four analysts on average.
- Revenue- Supply Chain Solutions: $3.13 billion versus the six-analyst average estimate of $3.42 billion. The reported number represents a year-over-year change of -21.4%.
- Revenue- International Package: $4.27 billion versus the six-analyst average estimate of $4.29 billion. The reported number represents a year-over-year change of -11.1%.
- Revenue- U.S. Domestic Package: $13.66 billion versus $13.93 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -11.2% change.
- Revenue- International Package - Cargo: $158 million versus $188.81 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -40.8% change.
- Revenue- U.S. Domestic Package - Ground: $10.16 billion compared to the $10.52 billion average estimate based on five analysts. The reported number represents a change of -10.8% year over year.
- Revenue- U.S. Domestic Package - Next Day Air: $2.37 billion versus $2.36 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -11.3% change.
- Revenue- International Package - Domestic: $742 million versus $723.92 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5.5% change.
- Revenue- International Package - Export: $3.37 billion versus the five-analyst average estimate of $3.38 billion. The reported number represents a year-over-year change of -10.1%.
View all Key Company Metrics for UPS here>>>Shares of UPS have returned -3.6% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.