Analysts on Wall Street project that United Parcel Service (UPS Quick QuoteUPS - Free Report) will announce quarterly earnings of $1.63 per share in its forthcoming report, representing a decline of 6.3% year over year. Revenues are projected to reach $22.23 billion, increasing 3.8% from the same quarter last year.

The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

Bearing this in mind, let's now explore the average estimates of specific UPS metrics that are commonly monitored and projected by Wall Street analysts.

The combined assessment of analysts suggests that 'Revenue- International Package- Cargo and other' will likely reach $194.75 million. The estimate points to a change of +8.2% from the year-ago quarter.

It is projected by analysts that the 'Revenue- U.S. Domestic Package- Ground' will reach $10.59 billion. The estimate points to a change of +0.7% from the year-ago quarter.

The average prediction of analysts places 'Revenue- U.S. Domestic Package- Cargo and Other [$M]' at $318.76 million. The estimate indicates a change of +8.4% from the prior-year quarter.

According to the collective judgment of analysts, 'Revenue- U.S. Domestic Package' should come in at $14.48 billion. The estimate suggests a change of +1.8% year over year.

Analysts expect 'Average revenue per piece - Total' to come in at $16.01 . Compared to the present estimate, the company reported $14.82 in the same quarter last year.

The consensus among analysts is that 'Average revenue per piece - International Package - Total' will reach $23.80 . Compared to the current estimate, the company reported $21.48 in the same quarter of the previous year.

The consensus estimate for 'Average daily package volume - International Package - Export' stands at 1.66 million. The estimate is in contrast to the year-ago figure of 1.73 million.

Analysts' assessment points toward 'Average revenue per piece - U.S. Domestic Package - Ground' reaching $12.45 . The estimate is in contrast to the year-ago figure of $11.81 .

Analysts forecast 'Average revenue per piece - U.S. Domestic Package - Total' to reach $14.44 . Compared to the present estimate, the company reported $13.47 in the same quarter last year.

Analysts predict that the 'Average revenue per piece - International Package - Domestic' will reach $9.47 . The estimate compares to the year-ago value of $8.62 .

The collective assessment of analysts points to an estimated 'Average revenue per piece - International Package - Export' of $36.15 . The estimate compares to the year-ago value of $32.87 .

Based on the collective assessment of analysts, 'Average daily package volume - International Package - Total' should arrive at 3.10 million. The estimate is in contrast to the year-ago figure of 3.27 million.

Over the past month, shares of UPS have returned +3.9% versus the Zacks S&P 500 composite's no change. Currently, UPS carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .