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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) closed the most recent trading day at $103.26, moving -4.27% from the previous trading session. This move lagged the S&P 500's daily loss of 1.62%. Elsewhere, the Dow saw a downswing of 1.87%, while the tech-heavy Nasdaq depreciated by 1.98%.
The package delivery service's shares have seen an increase of 9.58% over the last month, surpassing the Transportation sector's gain of 3.78% and the S&P 500's loss of 0.03%.
The upcoming earnings release of United Parcel Service will be of great interest to investors. The company's upcoming EPS is projected at $1.67, signifying a 7.74% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $21.51 billion, up 1.34% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $7.1 per share and a revenue of $89.78 billion, demonstrating changes of -0.84% and +1.26%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for United Parcel Service. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 a 0.05% fall in the Zacks Consensus EPS estimate. United Parcel Service is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, United Parcel Service is currently being traded at a Forward P/E ratio of 15.19. This valuation marks a discount compared to its industry average Forward P/E of 15.39.
It's also important to note that UPS currently trades at a PEG ratio of 1.72. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Transportation - Air Freight and Cargo industry currently had an average PEG ratio of 1.67 as of yesterday's close.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 115, putting it in the top 48% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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) closed the most recent trading day at $103.26, moving -4.27% from the previous trading session. This move lagged the S&P 500's daily loss of 1.62%. Elsewhere, the Dow saw a downswing of 1.87%, while the tech-heavy Nasdaq depreciated by 1.98%.
The package delivery service's shares have seen an increase of 9.58% over the last month, surpassing the Transportation sector's gain of 3.78% and the S&P 500's loss of 0.03%.
The upcoming earnings release of United Parcel Service will be of great interest to investors. The company's upcoming EPS is projected at $1.67, signifying a 7.74% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $21.51 billion, up 1.34% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $7.1 per share and a revenue of $89.78 billion, demonstrating changes of -0.84% and +1.26%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for United Parcel Service. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 a 0.05% fall in the Zacks Consensus EPS estimate. United Parcel Service is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, United Parcel Service is currently being traded at a Forward P/E ratio of 15.19. This valuation marks a discount compared to its industry average Forward P/E of 15.39.
It's also important to note that UPS currently trades at a PEG ratio of 1.72. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Transportation - Air Freight and Cargo industry currently had an average PEG ratio of 1.67 as of yesterday's close.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 115, putting it in the top 48% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.