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United Parcel Service (UPS) Beats on Q2 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.

The company has a mixed record with respect to earnings, having delivered higher-than-expected earnings in two of the last four quarters. The four-quarter average earnings miss is pegged at 0.19%.

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 second quarter 2017 earnings of $1.58, beating the Zacks Consensus Estimate of $1.46 per share. Earnings increased 11% on a year over year basis.

Revenue: Revenues improved 7.7% over the year-ago quarter to $15,750 million, beating the Zacks Consensus Estimate of $15,477.3 million.

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 $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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