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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 0.46%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: United Parcel reported earnings of $1.32, beating the Zacks Consensus Estimate of $1.30 per share. Earnings increased 3.9% on a year over year basis.
United Parcel Service, Inc. Price and EPS Surprise
Revenue: Revenues improved 6.2% over the year-ago quarter to $15,315 million, beating the Zacks Consensus Estimate of $15,179.5 million.
Key Stats to Note:The package delivery company still 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 $5.95 per share.
Stock Price: The earnings beat pleased the investors. Shares of the company were up 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) Beats on Q1 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 0.46%.
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 $1.32, beating the Zacks Consensus Estimate of $1.30 per share. Earnings increased 3.9% 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 6.2% over the year-ago quarter to $15,315 million, beating the Zacks Consensus Estimate of $15,179.5 million.
Key Stats to Note:The package delivery company still 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 $5.95 per share.
Stock Price: The earnings beat pleased the investors. Shares of the company were up 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!
Looking for Ideas with Even Greater Upside?
Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>