United Parcel Service (UPS - Free Report) reported third-quarter 2019 earnings per share (excluding 6 cents from non-recurring items) of $2.07 per share, surpassing the Zacks Consensus Estimate by a penny. Earnings increased on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for UPS depicted a stable picture prior to the earnings release. The Zacks Consensus Estimate for third-quarter earnings remained stagnant over the past 90 days
Prior to the earnings beat in the third-quarter, the company delivered positive surprises in two of the last four quarters. The average earnings beat was 0.3%.
Graph
Revenues Better Than Expected
UPS recorded operating revenues of $18,318 million, which edged past the Zacks Consensus Estimate of $18,303.3 million.
Key Stats to Note: The package delivery company still expects 2019 adjusted earnings per share between $7.45 and $7.75. The Zacks Consensus Estimate for 2019 currently stands at $7.51 per share. Adjusted free cash flow is expected to be more than $4 billion for the current year. Effective tax rate is expected between 22% and 23% for 2019.
Zacks Rank: Currently, UPS carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank stocks here.
Check back later for our full write up on this UPS earnings report later!
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United Parcel Service (UPS - Free Report) reported third-quarter 2019 earnings per share (excluding 6 cents from non-recurring items) of $2.07 per share, surpassing the Zacks Consensus Estimate by a penny. Earnings increased on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for UPS depicted a stable picture prior to the earnings release. The Zacks Consensus Estimate for third-quarter earnings remained stagnant over the past 90 days
Prior to the earnings beat in the third-quarter, the company delivered positive surprises in two of the last four quarters. The average earnings beat was 0.3%.
Graph
Revenues Better Than Expected
UPS recorded operating revenues of $18,318 million, which edged past the Zacks Consensus Estimate of $18,303.3 million.
Key Stats to Note: The package delivery company still expects 2019 adjusted earnings per share between $7.45 and $7.75. The Zacks Consensus Estimate for 2019 currently stands at $7.51 per share. Adjusted free cash flow is expected to be more than $4 billion for the current year. Effective tax rate is expected between 22% and 23% for 2019.
Zacks Rank: Currently, UPS carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank stocks here.
Check back later for our full write up on this UPS earnings report later!
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.50% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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