We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
United Parcel Service (UPS) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
United Parcel Service (UPS - Free Report) ended the recent trading session at $101.09, demonstrating a +1.09% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.94%. On the other hand, the Dow registered a gain of 0.75%, and the technology-centric Nasdaq increased by 1.52%.
Shares of the package delivery service witnessed a loss of 1.3% over the previous month, beating the performance of the Transportation sector with its loss of 1.61%, and underperforming the S&P 500's gain of 1.67%.
The investment community will be paying close attention to the earnings performance of United Parcel Service in its upcoming release. The company's upcoming EPS is projected at $1.57, signifying a 12.29% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $20.84 billion, indicating a 4.51% downward movement from the same quarter last year.
UPS's full-year Zacks Consensus Estimates are calling for earnings of $7.08 per share and revenue of $87.37 billion. These results would represent year-over-year changes of -8.29% and -4.06%, respectively.
It is also important to note the recent changes to analyst estimates for United Parcel Service. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. United Parcel Service is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, United Parcel Service is presently being traded at a Forward P/E ratio of 14.12. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 14.12.
It is also worth noting that UPS currently has a PEG ratio of 1.75. 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. UPS's industry had an average PEG ratio of 1.75 as of yesterday's close.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
United Parcel Service (UPS) Beats Stock Market Upswing: What Investors Need to Know
United Parcel Service (UPS - Free Report) ended the recent trading session at $101.09, demonstrating a +1.09% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.94%. On the other hand, the Dow registered a gain of 0.75%, and the technology-centric Nasdaq increased by 1.52%.
Shares of the package delivery service witnessed a loss of 1.3% over the previous month, beating the performance of the Transportation sector with its loss of 1.61%, and underperforming the S&P 500's gain of 1.67%.
The investment community will be paying close attention to the earnings performance of United Parcel Service in its upcoming release. The company's upcoming EPS is projected at $1.57, signifying a 12.29% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $20.84 billion, indicating a 4.51% downward movement from the same quarter last year.
UPS's full-year Zacks Consensus Estimates are calling for earnings of $7.08 per share and revenue of $87.37 billion. These results would represent year-over-year changes of -8.29% and -4.06%, respectively.
It is also important to note the recent changes to analyst estimates for United Parcel Service. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. United Parcel Service is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, United Parcel Service is presently being traded at a Forward P/E ratio of 14.12. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 14.12.
It is also worth noting that UPS currently has a PEG ratio of 1.75. 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. UPS's industry had an average PEG ratio of 1.75 as of yesterday's close.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.