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United Parcel Service (UPS) Ascends While Market Falls: Some Facts to Note
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United Parcel Service (UPS - Free Report) closed the most recent trading day at $107.24, moving +2.27% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.37%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 1.33%.
The stock of package delivery service has risen by 3.8% in the past month, lagging the Transportation sector's gain of 4.68% and overreaching the S&P 500's gain of 2.02%.
Market participants will be closely following the financial results of United Parcel Service in its upcoming release. The company is predicted to post an EPS of $1.67, indicating a 7.74% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $21.51 billion, reflecting a 1.34% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.1 per share and a revenue of $89.78 billion, signifying shifts of -0.84% and +1.26%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for United Parcel Service. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. United Parcel Service is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, United Parcel Service is presently trading at a Forward P/E ratio of 14.77. For comparison, its industry has an average Forward P/E of 15.11, which means United Parcel Service is trading at a discount to the group.
We can additionally observe that UPS currently boasts a PEG ratio of 1.67. 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 1.62 based on yesterday's closing prices.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 105, positioning it in the top 44% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
View the Zacks #1 Rank List
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United Parcel Service (UPS) Ascends While Market Falls: Some Facts to Note
United Parcel Service (UPS - Free Report) closed the most recent trading day at $107.24, moving +2.27% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.37%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 1.33%.
The stock of package delivery service has risen by 3.8% in the past month, lagging the Transportation sector's gain of 4.68% and overreaching the S&P 500's gain of 2.02%.
Market participants will be closely following the financial results of United Parcel Service in its upcoming release. The company is predicted to post an EPS of $1.67, indicating a 7.74% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $21.51 billion, reflecting a 1.34% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.1 per share and a revenue of $89.78 billion, signifying shifts of -0.84% and +1.26%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for United Parcel Service. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. United Parcel Service is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, United Parcel Service is presently trading at a Forward P/E ratio of 14.77. For comparison, its industry has an average Forward P/E of 15.11, which means United Parcel Service is trading at a discount to the group.
We can additionally observe that UPS currently boasts a PEG ratio of 1.67. 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 1.62 based on yesterday's closing prices.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 105, positioning it in the top 44% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.