Delivery company United Parcel Service (NYSE:UPS) looks to turn things around with a strong fourth-quarter earnings report on Tuesday before the market opens.
Here are the earnings estimates, what experts are saying ahead of the report and the key items to watch.
UPS Q4 Earnings Estimates
Analysts expect UPS to report fourth-quarter earnings per share of $2.21, down from $2.75 in last year's fourth quarter, according to data from Benzinga Pro.
The company has beaten analyst estimates for earnings per share in seven straight quarters, including the most recently reported third quarter.
Analysts expect UPS to report fourth-quarter revenue of $24.01 billion, down from $25.30 billion in last year's fourth quarter.
The company has beaten analyst estimates for revenue in three straight quarters and in four of the last 10 quarters overall.
The company previously issued guidance for fourth-quarter revenue of $24.0 billion.
What UPS Experts Are Saying
Freedom Capital Market Strategist Jay Woods said UPS was a big laggard for the Transportation Average in 2025. UPS shares are down around 25% over the last 52 weeks.
"Yet things appear to be turning around for shareholders of Big Brown," Woods said in a weekly newsletter.
The market expert said UPS shares are up around 9% year-to-date in 2026.
"Shares have broken and stayed above its 200-day moving average for the longest stretch of time dating back to its peak above $230 in February 2022."
Woods said UPS shares were up around 8% after the last earnings report and a second straight double beat could spark another rally.
Here are other recent analyst ratings on UPS and their price targets:
- Evercore ISI: Maintained In-Line rating, raised price target from $94 to $113
- Susquehanna: Maintained Neutral rating, raised price target from $105 to $115
- JPMorgan: Maintained Neutral rating, raised price target from $97 to $99
- Bernstein: Maintained Outperform rating, raised price target from $122 to $125
Key Items to Watch for UPS Q4 Earnings
The fourth quarter results from UPS come around a month after peer FedEx Corporation (NYSE:FDX) reported quarterly results. FedEx beat analyst estimates for both revenue and earnings per share in the most recently reported quarter.
FedEx saw lower shipments for its Freight segment, with higher U.S. domestic and International priority package yields.
Analysts raised their price targets on FedEx stock after the result. With FedEx showing strength in the recent quarter, UPS could have higher expectations than normal.
UPS reported International revenue growth of 5.9% year over year in the third quarter, while U.S. Domestic revenue fell 2.6% year over year. The company said the decline was due to expected lower volume. UPS's Supply Chain Solutions segment saw a revenue fall 22.1% year-over-year in the third quarter, with the divestiture of Coyote contributing to the change.
Investors and analysts will be looking for year-over-year growth and strong results for UPS's business segments, along with bullish guidance for the next fiscal year.
UPS, FedEx Stock Price Action
UPS stock is down 0.7% to $107.26 on Monday versus a 52-week trading range of $82.00 to $136.99. UPS shares are up 6.2% year-to-date in 2026 and down 21.3% over the last 52 weeks.
FedEx stock trades at $303.54 on Monday versus a 52-week trading range of $194.30 to $318.83. FedEx shares are up 3.6% year-to-date in 2026 and up 7.8% over the last 52 weeks.
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