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UPS (UPS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2023, United Parcel Service (UPS - Free Report) reported revenue of $24.92 billion, down 7.8% over the same period last year. EPS came in at $2.47, compared to $3.62 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $25.31 billion, representing a surprise of -1.54%. The company delivered an EPS surprise of +1.23%, with the consensus EPS estimate being $2.44.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $20.68 versus the four-analyst average estimate of $20.27.
Average daily package volume - International Package - Export: 1,771 thousand versus 1,796.83 thousand estimated by four analysts on average.
Average daily package volume - International Package - Domestic: 1,653 thousand versus 1,727.06 thousand estimated by four analysts on average.
Average revenue per piece - U.S. Domestic Package - Ground: $10.62 versus the four-analyst average estimate of $10.87.
Revenue- Supply Chain Solutions: $3.40 billion compared to the $3.37 billion average estimate based on six analysts. The reported number represents a change of -11.4% year over year.
Revenue- International Package: $4.61 billion compared to the $4.66 billion average estimate based on six analysts. The reported number represents a change of -7% year over year.
Revenue- U.S. Domestic Package: $16.92 billion versus the six-analyst average estimate of $17.23 billion. The reported number represents a year-over-year change of -7.3%.
Revenue- International Package- Cargo and other: $145 million versus $182.42 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -36.7% change.
Revenue- U.S. Domestic Package- Ground: $12.66 billion versus the five-analyst average estimate of $12.98 billion. The reported number represents a year-over-year change of -7.1%.
Revenue- U.S. Domestic Package- Next Day Air: $2.65 billion versus $2.60 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -4.4% change.
Revenue- International Package- Domestic: $845 million versus the five-analyst average estimate of $841.11 million. The reported number represents a year-over-year change of -4.1%.
Revenue- International Package- Export: $3.62 billion versus $3.65 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5.8% change.
Shares of UPS have returned +0.5% 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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UPS (UPS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, United Parcel Service (UPS - Free Report) reported revenue of $24.92 billion, down 7.8% over the same period last year. EPS came in at $2.47, compared to $3.62 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $25.31 billion, representing a surprise of -1.54%. The company delivered an EPS surprise of +1.23%, with the consensus EPS estimate being $2.44.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $20.68 versus the four-analyst average estimate of $20.27.
- Average daily package volume - International Package - Export: 1,771 thousand versus 1,796.83 thousand estimated by four analysts on average.
- Average daily package volume - International Package - Domestic: 1,653 thousand versus 1,727.06 thousand estimated by four analysts on average.
- Average revenue per piece - U.S. Domestic Package - Ground: $10.62 versus the four-analyst average estimate of $10.87.
- Revenue- Supply Chain Solutions: $3.40 billion compared to the $3.37 billion average estimate based on six analysts. The reported number represents a change of -11.4% year over year.
- Revenue- International Package: $4.61 billion compared to the $4.66 billion average estimate based on six analysts. The reported number represents a change of -7% year over year.
- Revenue- U.S. Domestic Package: $16.92 billion versus the six-analyst average estimate of $17.23 billion. The reported number represents a year-over-year change of -7.3%.
- Revenue- International Package- Cargo and other: $145 million versus $182.42 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -36.7% change.
- Revenue- U.S. Domestic Package- Ground: $12.66 billion versus the five-analyst average estimate of $12.98 billion. The reported number represents a year-over-year change of -7.1%.
- Revenue- U.S. Domestic Package- Next Day Air: $2.65 billion versus $2.60 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -4.4% change.
- Revenue- International Package- Domestic: $845 million versus the five-analyst average estimate of $841.11 million. The reported number represents a year-over-year change of -4.1%.
- Revenue- International Package- Export: $3.62 billion versus $3.65 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5.8% change.
View all Key Company Metrics for UPS here>>>Shares of UPS have returned +0.5% 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.