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.
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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%.
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.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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