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United Parcel Service (UPS) Beats Narrowly on Q3 Earnings

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United Parcel Service, Inc. (UPS - Free Report) is a leading provider of transportation, logistics, and financial services across the globe. The Atlanta based company offers a range of supply chain solutions.

Last quarter, UPS reported a in-line earnings. The company has a decent track record with respect to earnings, having delivered higher-than-expected earnings in three of the last four quarters. The four-quarter average earnings beat is pegged at 4.23%.

Zacks Rank: Currently, United Parcel has a Zacks Rank #4 (Sell) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: United Parcel reported earnings of $1.44, edging past the Zacks Consensus Estimate of $1.43 per share. Earnings increased 3.6% on a year over year basis.

UTD PARCEL SRVC Price and EPS Surprise

 

UTD PARCEL SRVC Price and EPS Surprise | UTD PARCEL SRVC Quote

Revenue: Revenues improved 4.9% over the year-ago quarter to $14.9 billion, beating the Zacks Consensus Estimate of $14.7 billion. Foreign currency movements and lower fuel surcharges negatively impacted sales in the quarter.

Key Stats to Note: The package delivery company still expects 2016 adjusted earnings per share in the band of $5.70 to $5.90. The projection reflects 5% to 9% growth over the comparable 2015 figure of $5.43. The Zacks Consensus Estimate for 2016 currently stands at $5.80 per share, well within the company’s guidance range.

Check back later for our full write up on this United Parcel Service earnings report later!

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