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United Parcel Service (UPS) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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United Parcel Service (UPS - Free Report) ended the recent trading session at $85.28, demonstrating a -1.12% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 0.52%, and the technology-dominated Nasdaq saw a decrease of 0.08%.
Coming into today, shares of the package delivery service had gained 2.86% in the past month. In that same time, the Transportation sector gained 1.24%, while the S&P 500 gained 4.03%.
Investors will be eagerly watching for the performance of United Parcel Service in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.33, showcasing a 24.43% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $20.86 billion, indicating a 6.23% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.5 per share and a revenue of $87.45 billion, representing changes of -15.8% and -3.98%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for United Parcel Service. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.42% downward. United Parcel Service is currently a Zacks Rank #4 (Sell).
Investors should also note United Parcel Service's current valuation metrics, including its Forward P/E ratio of 13.28. This represents a discount compared to its industry average Forward P/E of 13.4.
It's also important to note that UPS currently trades at a PEG ratio of 1.59. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Transportation - Air Freight and Cargo stocks are, on average, holding a PEG ratio of 1.59 based on yesterday's closing prices.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 234, which puts it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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United Parcel Service (UPS) Sees a More Significant Dip Than Broader Market: Some Facts to Know
United Parcel Service (UPS - Free Report) ended the recent trading session at $85.28, demonstrating a -1.12% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 0.52%, and the technology-dominated Nasdaq saw a decrease of 0.08%.
Coming into today, shares of the package delivery service had gained 2.86% in the past month. In that same time, the Transportation sector gained 1.24%, while the S&P 500 gained 4.03%.
Investors will be eagerly watching for the performance of United Parcel Service in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.33, showcasing a 24.43% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $20.86 billion, indicating a 6.23% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.5 per share and a revenue of $87.45 billion, representing changes of -15.8% and -3.98%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for United Parcel Service. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.42% downward. United Parcel Service is currently a Zacks Rank #4 (Sell).
Investors should also note United Parcel Service's current valuation metrics, including its Forward P/E ratio of 13.28. This represents a discount compared to its industry average Forward P/E of 13.4.
It's also important to note that UPS currently trades at a PEG ratio of 1.59. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Transportation - Air Freight and Cargo stocks are, on average, holding a PEG ratio of 1.59 based on yesterday's closing prices.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 234, which puts it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.