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United Parcel Service (UPS) Stock Moves -0.54%: What You Should Know
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In the latest trading session, United Parcel Service (UPS - Free Report) closed at $194.98, marking a -0.54% move from the previous day. This change was narrower than the S&P 500's 0.6% loss on the day. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq lost 2.87%.
Coming into today, shares of the package delivery service had gained 5.65% in the past month. In that same time, the Transportation sector gained 4.74%, while the S&P 500 gained 6.22%.
Wall Street will be looking for positivity from United Parcel Service as it approaches its next earnings report date. This is expected to be April 25, 2023. The company is expected to report EPS of $2.19, down 28.2% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $22.94 billion, down 5.92% from the year-ago period.
UPS's full-year Zacks Consensus Estimates are calling for earnings of $11.52 per share and revenue of $97.62 billion. These results would represent year-over-year changes of -10.97% and -2.71%, respectively.
It is also important to note the recent changes to analyst estimates for United Parcel Service. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.61% higher. United Parcel Service is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, United Parcel Service is holding a Forward P/E ratio of 17.01. This represents a premium compared to its industry's average Forward P/E of 16.26.
Also, we should mention that UPS has a PEG ratio of 2.37. 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. Transportation - Air Freight and Cargo stocks are, on average, holding a PEG ratio of 1.83 based on yesterday's closing prices.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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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United Parcel Service (UPS) Stock Moves -0.54%: What You Should Know
In the latest trading session, United Parcel Service (UPS - Free Report) closed at $194.98, marking a -0.54% move from the previous day. This change was narrower than the S&P 500's 0.6% loss on the day. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq lost 2.87%.
Coming into today, shares of the package delivery service had gained 5.65% in the past month. In that same time, the Transportation sector gained 4.74%, while the S&P 500 gained 6.22%.
Wall Street will be looking for positivity from United Parcel Service as it approaches its next earnings report date. This is expected to be April 25, 2023. The company is expected to report EPS of $2.19, down 28.2% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $22.94 billion, down 5.92% from the year-ago period.
UPS's full-year Zacks Consensus Estimates are calling for earnings of $11.52 per share and revenue of $97.62 billion. These results would represent year-over-year changes of -10.97% and -2.71%, respectively.
It is also important to note the recent changes to analyst estimates for United Parcel Service. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.61% higher. United Parcel Service is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, United Parcel Service is holding a Forward P/E ratio of 17.01. This represents a premium compared to its industry's average Forward P/E of 16.26.
Also, we should mention that UPS has a PEG ratio of 2.37. 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. Transportation - Air Freight and Cargo stocks are, on average, holding a PEG ratio of 1.83 based on yesterday's closing prices.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.