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United Parcel Service (UPS) Stock Moves -0.38%: What You Should Know
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In the latest trading session, United Parcel Service (UPS - Free Report) closed at $184.36, marking a -0.38% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.7%. Elsewhere, the Dow lost 0.87%, while the tech-heavy Nasdaq added 2.77%.
Prior to today's trading, shares of the package delivery service had lost 0.92% over the past month. This has was narrower than the Transportation sector's loss of 5.29% and the S&P 500's loss of 5.06% in that time.
United Parcel Service will be looking to display strength as it nears its next earnings release, which is expected to be April 25, 2023. In that report, analysts expect United Parcel Service to post earnings of $2.23 per share. This would mark a year-over-year decline of 26.89%. Meanwhile, our latest consensus estimate is calling for revenue of $22.96 billion, down 5.84% from the prior-year quarter.
UPS's full-year Zacks Consensus Estimates are calling for earnings of $11.50 per share and revenue of $97.85 billion. These results would represent year-over-year changes of -11.13% and -2.48%, respectively.
Any recent changes to analyst estimates for United Parcel Service should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.8% lower. United Parcel Service is currently a Zacks Rank #3 (Hold).
Looking at its valuation, United Parcel Service is holding a Forward P/E ratio of 16.09. For comparison, its industry has an average Forward P/E of 14.66, which means United Parcel Service is trading at a premium to the group.
Meanwhile, UPS's PEG ratio is currently 2.22. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. UPS's industry had an average PEG ratio of 1.57 as of yesterday's close.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 233, putting it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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United Parcel Service (UPS) Stock Moves -0.38%: What You Should Know
In the latest trading session, United Parcel Service (UPS - Free Report) closed at $184.36, marking a -0.38% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.7%. Elsewhere, the Dow lost 0.87%, while the tech-heavy Nasdaq added 2.77%.
Prior to today's trading, shares of the package delivery service had lost 0.92% over the past month. This has was narrower than the Transportation sector's loss of 5.29% and the S&P 500's loss of 5.06% in that time.
United Parcel Service will be looking to display strength as it nears its next earnings release, which is expected to be April 25, 2023. In that report, analysts expect United Parcel Service to post earnings of $2.23 per share. This would mark a year-over-year decline of 26.89%. Meanwhile, our latest consensus estimate is calling for revenue of $22.96 billion, down 5.84% from the prior-year quarter.
UPS's full-year Zacks Consensus Estimates are calling for earnings of $11.50 per share and revenue of $97.85 billion. These results would represent year-over-year changes of -11.13% and -2.48%, respectively.
Any recent changes to analyst estimates for United Parcel Service should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.8% lower. United Parcel Service is currently a Zacks Rank #3 (Hold).
Looking at its valuation, United Parcel Service is holding a Forward P/E ratio of 16.09. For comparison, its industry has an average Forward P/E of 14.66, which means United Parcel Service is trading at a premium to the group.
Meanwhile, UPS's PEG ratio is currently 2.22. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. UPS's industry had an average PEG ratio of 1.57 as of yesterday's close.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 233, putting it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.