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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.
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 4.04%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: United Parcel reported earnings of $1.63, falling short of the the Zacks Consensus Estimate of $1.68 per share. Earnings increased 3.82% on a year over year basis.
United Parcel Service, Inc. Price and EPS Surprise
Revenue: Revenues improved 5.5% over the year-ago quarter to $16.93 billion, missing the Zacks Consensus Estimate of $16.96 billion. Foreign currency movements and lower fuel surcharges negatively impacted sales in the quarter.
Key Stats to Note:The package delivery company expects 2017 adjusted earnings per share in the band of $5.80 to $6.10, which includes $400 million of pre-tax currency headwinds. Foreign currency related headwinds are also expected to hurt 2017 results. The Zacks Consensus Estimate for 2017 currently stands at $6.14 per share.
Stock Price: The earnings miss disappointed the investors. Shares of the company were down in pre-market trading at the time of writing.
Check back later for our full write up on this United Parcel Service earnings report later!
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United Parcel Service (UPS) Misses on Q4 Earnings
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.
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 4.04%.
Zacks Rank: Currently, United Parcel has a Zacks Rank #3 (Hold) 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 $1.63, falling short of the the Zacks Consensus Estimate of $1.68 per share. Earnings increased 3.82% on a year over year basis.
United Parcel Service, Inc. Price and EPS Surprise
United Parcel Service, Inc. Price and EPS Surprise | United Parcel Service, Inc. Quote
Revenue: Revenues improved 5.5% over the year-ago quarter to $16.93 billion, missing the Zacks Consensus Estimate of $16.96 billion. Foreign currency movements and lower fuel surcharges negatively impacted sales in the quarter.
Key Stats to Note:The package delivery company expects 2017 adjusted earnings per share in the band of $5.80 to $6.10, which includes $400 million of pre-tax currency headwinds. Foreign currency related headwinds are also expected to hurt 2017 results. The Zacks Consensus Estimate for 2017 currently stands at $6.14 per share.
Stock Price: The earnings miss disappointed the investors. Shares of the company were down in pre-market trading at the time of writing.
Check back later for our full write up on this United Parcel Service earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>