Analysts on Wall Street project that United Parcel Service (UPS) will announce quarterly earnings of $1.42 per share in its forthcoming report, representing a decline of 0.7% year over year. Revenues are projected to reach $21.06 billion, declining 3% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
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 typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain UPS metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- Supply Chain Solutions' should come in at $2.73 billion. The estimate indicates a change of -15% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue- International Package' should arrive at $4.27 billion. The estimate suggests a change of +0.2% year over year.
Analysts expect 'Revenue- U.S. Domestic Package' to come in at $14.22 billion. The estimate points to a change of -0.1% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue- International Package- Cargo and other' of $143.99 million. The estimate indicates a change of -2.7% from the prior-year quarter.
It is projected by analysts that the 'Average revenue per piece - International Package - Total' will reach $20.39. Compared to the current estimate, the company reported $20.87 in the same quarter of the previous year.
Analysts predict that the 'Average daily package volume - International Package - Export' will reach 1.71 million. The estimate is in contrast to the year-ago figure of 1.62 million.
The consensus estimate for 'Average daily package volume - International Package - Domestic' stands at 1.57 million. The estimate is in contrast to the year-ago figure of 1.5 million.
The combined assessment of analysts suggests that 'Average revenue per piece - U.S. Domestic Package - Ground' will likely reach $11.54. Compared to the present estimate, the company reported $11.07 in the same quarter last year.
Analysts' assessment points toward 'Average revenue per piece - U.S. Domestic Package - Total' reaching $13.13. Compared to the current estimate, the company reported $12.50 in the same quarter of the previous year.
The consensus among analysts is that 'Average revenue per piece - International Package - Domestic' will reach $8.05. The estimate compares to the year-ago value of $8.01.
The average prediction of analysts places 'Average revenue per piece - International Package - Export' at $31.70. The estimate compares to the year-ago value of $32.80.
Analysts forecast 'Average daily package volume - International Package - Total' to reach 3.29 million. Compared to the present estimate, the company reported 3.12 million in the same quarter last year.
View all Key Company Metrics for UPS here>>>
UPS shares have witnessed a change of -12.4% in the past month, in contrast to the Zacks S&P 500 composite's -5.1% move. With a Zacks Rank #4 (Sell), UPS is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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United Parcel Service, Inc. (UPS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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