One Wall Street analyst is souring on the stock. A Wall Street analyst is souring on United Parcel Service (UPS -2.96%), and the stock is losing ground on the news. Shares of UPS traded down 3% as of 1:15 p.m. ET after the stock was downgraded to underweight at Barclays. No way out of the slow lane UPS and other shipping companies have been stuck in neutral of late. Concerns about the economy have made large shipping customers cautious, creating soft demand and limiting pricing power. A new UPS labor deal h ...

In its upcoming report, United Parcel Service (UPS) is predicted by Wall Street analysts to post quarterly earnings of $1.65 per share, reflecting an increase of 5.1% compared to the same period last year. Revenues are forecasted to be $22.26 billion, representing a year-over-year increase of 5.7%.The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial esti ...

The company faces near-term risks, but it also has a pathway to meeting its full-year guidance -- and this metric could be key.Behemoth package carrier United Parcel Service (UPS 0.38%) will release Q3 earnings on Oct. 24, which should be noteworthy. Rival FedEx (FDX 0.05%) disappointed the market recently with its first-quarter 2025 earnings report amid management talk of weakening business-to-business (B2B) demand, pressure on domestic deliveries, and customers shifting to lower-priced alternatives.Let's ...

In the latest trading session, United Parcel Service (UPS) closed at $135.93, marking a +0.38% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.4% for the day. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.63%. Prior to today's trading, shares of the package delivery service had gained 2.48% over the past month. This has outpaced the Transportation sector's gain of 0.9% and lagged the S&P 500's gain of 3.76% in that time. Investors wil ...

United Parcel Service (UPS) is scheduled to report third-quarter 2024 results on Oct. 24, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for third-quarter 2024 earnings was revised upward in the past 60 days and is currently pegged at $1.65 per share. Additionally, the consensus mark implies a 5.1% uptick from the year-ago actuals. The Zacks Consensus Estimate for third-quarter 2024 revenues is currently pegged at $22.26 billion, sugg ...

As the end-of-year holiday season approaches, retail sales are once again forecast to spike. The National Retail Federation expects winter holiday spending to climb between 2.5% and 3.5% relative to 2023, for a total of as much as $989 billion in total spending for November and December. Driven by overall strength in consumer spending trends, the NRF predicts total retail sales for 2024 to be as high as 3.5% over 2023 levels.With the flurry of holiday shopping comes an increased need for customers to make s ...

The latest trading session saw United Parcel Service (UPS) ending at $135.41, denoting a -0.32% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.02%. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq added 0.04%.Coming into today, shares of the package delivery service had gained 3.97% in the past month. In that same time, the Transportation sector gained 2.66%, while the S&P 500 gained 3.77%.Analysts and investors alike will be keeping a clos ...

Market Overview - The US Fourth-Party Logistics (4PL) market is projected to grow from USD 15.16 billion in 2024 to USD 20.30 billion by 2029, with a CAGR of 6.01% during the forecast period [1] - The US is expected to dominate the North American 4PL market due to strong macroeconomic development, corporate tax cuts, and a stable labor market [2][3] Market Drivers - Increasing demand for logistics services driven by growing imports and exports, as well as the relocation of manufacturing operations to Mexico due to affordable labor [2][3] - The complexity of global supply chains necessitates effective and user-friendly supply chain systems, contributing to the growth of the 4PL market [4] - Rising consumer demand for eco-friendly logistics solutions is prompting the logistics and e-commerce sectors to adapt their methods [5] E-commerce Influence - The e-commerce sector is a significant driver of growth in the 4PL market, with US e-commerce sales expected to reach USD 1.01 trillion by 2023 [7] - The demand for quick deliveries is increasing, leading major retailers to enhance their logistical services to meet customer expectations [7] Technological Integration - Technological advancements such as artificial intelligence, machine learning, and cloud computing are enhancing the efficiency of 4PL providers in managing complex supply chains [7][9] - The integration of data analytics allows businesses to better understand consumer behavior and optimize inventory management [9] Market Segmentation - The US 4PL market is fragmented, with key players including UPS Supply Chain Solutions, DB Schenker, GEODIS, and XPO Inc. [10] - The market is segmented by operating model and end-user, with significant demand from sectors like FMCG, retail, and healthcare [13]

The company's upcoming report could be an eventful one.A Wells Fargo analyst recently cheered UPS (UPS 1.24%) investors by raising the price target on the stock to $142 from $134 and maintaining an overweight rating. It's a mark of confidence in the company ahead of its third-quarter earnings report on Oct. 24. For reference, the analyst maintained the outlook for UPS' third quarter.Is the optimism justified?The analyst's viewpoint on Q3 is interesting because UPS' rival FedEx announced its first-quarter 20 ...

SAN DIEGO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired United Parcel Service, Inc. (NYSE: UPS) securities between January 30, 2024 and July 22, 2024. UPS is a multinational parcel delivery and supply chain management solutions company operating in more than 200 countries and territories. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call a ...