In the latest trading session, United Parcel Service (UPS - Free Report) closed at $212.19, marking a +1.8% move from the previous day. This change outpaced the S&P 500's 0.62% gain on the day. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the package delivery service had gained 1.78% in the past month. In that same time, the Transportation sector lost 1.26%, while the S&P 500 gained 0.87%.
United Parcel Service will be looking to display strength as it nears its next earnings release. In that report, analysts expect United Parcel Service to post earnings of $3.05 per share. This would mark year-over-year growth of 14.66%. Meanwhile, our latest consensus estimate is calling for revenue of $26.97 billion, up 8.35% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.58 per share and revenue of $96.42 billion. These totals would mark changes of +40.7% and +13.93%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for United Parcel Service. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. United Parcel Service is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that United Parcel Service has a Forward P/E ratio of 18.33 right now. Its industry sports an average Forward P/E of 17.42, so we one might conclude that United Parcel Service is trading at a premium comparatively.
Also, we should mention that UPS has a PEG ratio of 1.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Air Freight and Cargo was holding an average PEG ratio of 1.51 at yesterday's closing price.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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In the latest trading session, United Parcel Service (UPS - Free Report) closed at $212.19, marking a +1.8% move from the previous day. This change outpaced the S&P 500's 0.62% gain on the day. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the package delivery service had gained 1.78% in the past month. In that same time, the Transportation sector lost 1.26%, while the S&P 500 gained 0.87%.
United Parcel Service will be looking to display strength as it nears its next earnings release. In that report, analysts expect United Parcel Service to post earnings of $3.05 per share. This would mark year-over-year growth of 14.66%. Meanwhile, our latest consensus estimate is calling for revenue of $26.97 billion, up 8.35% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.58 per share and revenue of $96.42 billion. These totals would mark changes of +40.7% and +13.93%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for United Parcel Service. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. United Parcel Service is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that United Parcel Service has a Forward P/E ratio of 18.33 right now. Its industry sports an average Forward P/E of 17.42, so we one might conclude that United Parcel Service is trading at a premium comparatively.
Also, we should mention that UPS has a PEG ratio of 1.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Air Freight and Cargo was holding an average PEG ratio of 1.51 at yesterday's closing price.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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