We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights: United Parcel, Westinghouse, Werner and Schneider National
Read MoreHide Full Article
For Immediate Release
Chicago, IL – October 26, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include United Parcel Service (UPS - Free Report) , Westinghouse Air Brake Technologies Corp. (WAB - Free Report) , Werner Enterprises (WERN - Free Report) andSchneider National (SNDR - Free Report) .
Here are highlights from Friday’s Analyst Blog:
UPS to Report Q3 Earnings: What's in Store?
United Parcel Service is scheduled to report third-quarter 2020 earnings on Oct 28, before market open.
The Zacks Consensus Estimate for the to-be-reported quarter’s earnings has been revised 4.6% upward over the past 60 days. Moreover, the company has a decent earnings history. Its bottom line outperformed the Zacks Consensus Estimate in three of the last four quarters and lagged the same in the remaining quarter.
Given this backdrop, let’s delve into the factors that might have impacted the company’s performance in the September quarter.
We expect the surge in e-commerce demand amid the current pandemic situation to boost UPS’ third-quarter results. The impending release is likely to reflect the significant increase in home deliveries amid the ongoing coronavirus outbreak. The buoyancy in residential and healthcare shipments is likely to have driven the company’s performance in the to-be-reported quarter. Solid demand for residential delivery is likely to have aided business-to-consumer shipments in the September quarter.
Higher demand for residential delivery is expected to have contributed to the performance of the U.S. Domestic Package segment, which accounts for the bulk of the top line. The Zacks Consensus Estimate for segmental revenues is currently pegged at $13,063 million, indicating a 14% improvement from the number reported in third-quarter 2019.
The Zacks Consensus Estimate for revenues at the International Package division currently stands at $3,619 million, suggesting a 3.6% rise from the figure reported in third-quarter 2019. Segmental performance is likely to have been supported by strong outbound demand from Asia and an upbeat cross-border e-commerce in Europe.
However, adjusted overall profit at UPS might have been dented by coronavirus-induced supply-chain disruptions.
Earnings Whispers
The proven Zacks model predicts earnings beat for UPS this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP:UPS has an Earnings ESP of +4.52% as the Most Accurate Estimate is higher than the Zacks Consensus Estimate of $1.82 by 8 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank:UPS carries a Zacks Rank #2, currently.
Highlights of Q2 Earnings
UPS’ earnings (excluding 10 cents from non-recurring items) per share of $2.13 surpassed the Zacks Consensus Estimate of $1.04. The bottom line also improved 8.7% year over year. UPS generated revenues worth $20,459 million in the quarter, outperforming the Zacks Consensus Estimate of $17,344.4 million. Moreover, the top line improved 13.4% on a year-over-year basis.
Other Stocks to Consider
Investors interested in the broader Transportation sector may also check out a few other stocks worth considering like Westinghouse Air Brake Technologies Corp., Werner Enterprises and Schneider National as these too possess the perfect combination of elements to beat estimates this earnings season.
Westinghouse Air Brake Technologies Corporation has an Earnings ESP of +2.78% and a Zacks Rank of 1, presently. The company will release third-quarter 2020 results on Oct 28.
Werner Enterprises has an Earnings ESP of +1.29% and a Zacks Rank #3, presently. The company will release third-quarter 2020 results on Oct 29.
Schneider National has an Earnings ESP of +1.82% and a Zacks Rank of 2, presently. The company will release third-quarter 2020 results on Oct 29
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: United Parcel, Westinghouse, Werner and Schneider National
For Immediate Release
Chicago, IL – October 26, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include United Parcel Service (UPS - Free Report) , Westinghouse Air Brake Technologies Corp. (WAB - Free Report) , Werner Enterprises (WERN - Free Report) andSchneider National (SNDR - Free Report) .
Here are highlights from Friday’s Analyst Blog:
UPS to Report Q3 Earnings: What's in Store?
United Parcel Service is scheduled to report third-quarter 2020 earnings on Oct 28, before market open.
The Zacks Consensus Estimate for the to-be-reported quarter’s earnings has been revised 4.6% upward over the past 60 days. Moreover, the company has a decent earnings history. Its bottom line outperformed the Zacks Consensus Estimate in three of the last four quarters and lagged the same in the remaining quarter.
Given this backdrop, let’s delve into the factors that might have impacted the company’s performance in the September quarter.
We expect the surge in e-commerce demand amid the current pandemic situation to boost UPS’ third-quarter results. The impending release is likely to reflect the significant increase in home deliveries amid the ongoing coronavirus outbreak. The buoyancy in residential and healthcare shipments is likely to have driven the company’s performance in the to-be-reported quarter. Solid demand for residential delivery is likely to have aided business-to-consumer shipments in the September quarter.
Higher demand for residential delivery is expected to have contributed to the performance of the U.S. Domestic Package segment, which accounts for the bulk of the top line. The Zacks Consensus Estimate for segmental revenues is currently pegged at $13,063 million, indicating a 14% improvement from the number reported in third-quarter 2019.
The Zacks Consensus Estimate for revenues at the International Package division currently stands at $3,619 million, suggesting a 3.6% rise from the figure reported in third-quarter 2019. Segmental performance is likely to have been supported by strong outbound demand from Asia and an upbeat cross-border e-commerce in Europe.
However, adjusted overall profit at UPS might have been dented by coronavirus-induced supply-chain disruptions.
Earnings Whispers
The proven Zacks model predicts earnings beat for UPS this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP:UPS has an Earnings ESP of +4.52% as the Most Accurate Estimate is higher than the Zacks Consensus Estimate of $1.82 by 8 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank:UPS carries a Zacks Rank #2, currently.
Highlights of Q2 Earnings
UPS’ earnings (excluding 10 cents from non-recurring items) per share of $2.13 surpassed the Zacks Consensus Estimate of $1.04. The bottom line also improved 8.7% year over year. UPS generated revenues worth $20,459 million in the quarter, outperforming the Zacks Consensus Estimate of $17,344.4 million. Moreover, the top line improved 13.4% on a year-over-year basis.
Other Stocks to Consider
Investors interested in the broader Transportation sector may also check out a few other stocks worth considering like Westinghouse Air Brake Technologies Corp., Werner Enterprises and Schneider National as these too possess the perfect combination of elements to beat estimates this earnings season.
Westinghouse Air Brake Technologies Corporation has an Earnings ESP of +2.78% and a Zacks Rank of 1, presently. The company will release third-quarter 2020 results on Oct 28.
Werner Enterprises has an Earnings ESP of +1.29% and a Zacks Rank #3, presently. The company will release third-quarter 2020 results on Oct 29.
Schneider National has an Earnings ESP of +1.82% and a Zacks Rank of 2, presently. The company will release third-quarter 2020 results on Oct 29
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Join us on Facbook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.