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United Parcel Service (UPS) Dips More Than Broader Markets: What You Should Know
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United Parcel Service (UPS - Free Report) closed the most recent trading day at $167, moving -1.63% from the previous trading session. This move lagged the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.41%, and the tech-heavy Nasdaq gained 10.45%.
Prior to today's trading, shares of the package delivery service had lost 4.54% over the past month. This has lagged the Transportation sector's loss of 0.7% and the S&P 500's gain of 1.05% in that time.
Investors will be hoping for strength from United Parcel Service as it approaches its next earnings release. In that report, analysts expect United Parcel Service to post earnings of $2.54 per share. This would mark a year-over-year decline of 22.8%. Meanwhile, our latest consensus estimate is calling for revenue of $22.93 billion, down 7.41% from the prior-year quarter.
UPS's full-year Zacks Consensus Estimates are calling for earnings of $10.78 per share and revenue of $96.45 billion. These results would represent year-over-year changes of -16.69% and -3.87%, respectively.
Investors should also note any recent changes to analyst estimates for United Parcel Service. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.98% lower. United Parcel Service is currently a Zacks Rank #3 (Hold).
Digging into valuation, United Parcel Service currently has a Forward P/E ratio of 15.75. This valuation marks a premium compared to its industry's average Forward P/E of 15.45.
Also, we should mention that UPS has a PEG ratio of 1.57. 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. The Transportation - Air Freight and Cargo was holding an average PEG ratio of 1.57 at yesterday's closing price.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 223, putting it in the bottom 12% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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United Parcel Service (UPS) Dips More Than Broader Markets: What You Should Know
United Parcel Service (UPS - Free Report) closed the most recent trading day at $167, moving -1.63% from the previous trading session. This move lagged the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.41%, and the tech-heavy Nasdaq gained 10.45%.
Prior to today's trading, shares of the package delivery service had lost 4.54% over the past month. This has lagged the Transportation sector's loss of 0.7% and the S&P 500's gain of 1.05% in that time.
Investors will be hoping for strength from United Parcel Service as it approaches its next earnings release. In that report, analysts expect United Parcel Service to post earnings of $2.54 per share. This would mark a year-over-year decline of 22.8%. Meanwhile, our latest consensus estimate is calling for revenue of $22.93 billion, down 7.41% from the prior-year quarter.
UPS's full-year Zacks Consensus Estimates are calling for earnings of $10.78 per share and revenue of $96.45 billion. These results would represent year-over-year changes of -16.69% and -3.87%, respectively.
Investors should also note any recent changes to analyst estimates for United Parcel Service. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.98% lower. United Parcel Service is currently a Zacks Rank #3 (Hold).
Digging into valuation, United Parcel Service currently has a Forward P/E ratio of 15.75. This valuation marks a premium compared to its industry's average Forward P/E of 15.45.
Also, we should mention that UPS has a PEG ratio of 1.57. 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. The Transportation - Air Freight and Cargo was holding an average PEG ratio of 1.57 at yesterday's closing price.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 223, putting it in the bottom 12% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.