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Is Trending Stock United Parcel Service, Inc. (UPS) a Buy Now?
Zacks Investment Research· 2024-05-09 14:06
United Parcel Service (UPS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this package delivery service have returned +0.4%, compared to the Zacks S&P 500 composite's -0.3% change. During this period, the Zacks Transportation - Air Freight and Cargo industry, which UPS falls in, has lost 3.1%. The key question now is: What could be ...
UPS(UPS) - 2024 Q1 - Quarterly Report
2024-05-03 20:48
Table of Contents United States Securities and Exchange Commission Washington, D.C. 20549 _____________________________________ Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-15451 _____________________________________ United Parcel Service, Inc. ...
Is UPS Stock Going to $169? 1 Wall Street Analyst Thinks So
The Motley Fool· 2024-04-27 20:20
The company's recent results were mixed, and Wall Street's reaction was underwhelming.It's fair to say Wall Street reacted lukewarmly to UPS' (UPS 0.14%) first-quarter earnings report. On the positive side, five of them nudged their price targets higher (with BMO Capital taking it to $169). Still, only one has a positive rating on the stock (Oppenheimer's "outperform" rating). The rest remained at "hold/neutral/market perform."UPS's mixed first quarterThe lack of enthusiasm is understandable. Although UPS b ...
UPS Stock: Buy, Sell, or Hold?
The Motley Fool· 2024-04-27 07:39
The company's first-quarter earnings helped restore confidence in its full-year guidance.UPS (UPS 0.14%) investors got what they wanted from the company's recent first-quarter earnings report. The market was left unimpressed after management's investor and analyst day in late March when management laid out its three-year strategic aims and financial targets. However, the latest earnings helped restore confidence in those targets. Still, is it enough to make the stock a buy? Here's the lowdown.UPS cheers the ...
United Parcel Service: I See Persisting Profit Pressure Ahead
Seeking Alpha· 2024-04-24 19:14
100pk UPS stock: competition and shipping volume pressure United Parcel Service, Inc. (NYSE:UPS) has been facing substantial operating and competition pressure lately. As a result, in 2023 alone, its top line dropped almost 8% year-over-year and earnings dropped even more. Looking ahead, I see such pressure to persist. Yet, as to be detailed next, the stock is not trading at an obvious valuation discount in my view. Therefore, I expect an uninspiring return potential from the stock in the next 2~3 years ...
United Parcel Service Is Setting Up for Another Fall
MarketBeat· 2024-04-24 10:15
Key PointsUnited Parcel Service had another weak quarter and isn't guiding for much better later in the year. Cash flow is sound but insufficient to support an outlook for robust dividend increases or share repurchases. The company is building leverage for a business rebound, but the stock could move lower before the rebound begins. 5 stocks we like better than United Parcel ServiceIf United Parcel Service NYSE: UPS can be used as a leading indicator of the economy and S&P 500 performance, it sends a mixed ...
United Parcel Service (UPS) Q1 Earnings Beat Estimates
Zacks Investment Research· 2024-04-23 17:46
United Parcel Service (UPS) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $2.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.52%. A quarter ago, it was expected that this package delivery service would post earnings of $2.44 per share when it actually produced earnings of $2.47, delivering a surprise of 1.23%.Over the last four qu ...
United Parcel Service posts profit beat as it continues cost-cutting
Proactive Investors· 2024-04-23 17:12
About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...
UPS Looks to Returns, Big-and-Bulky Deliveries to Boost Shipping Volumes
PYMNTS· 2024-04-23 16:11
UPS is looking to returns and big-and-bulky deliveries to expand its addressable market at a time when its shipping volumes have been decreasing. The company saw a slower rate of decline in shipping volumes during the first quarter while still facing a challenging macroeconomic environment, UPS executives said Tuesday (April 23) during the company’s quarterly earnings call.During the three months ended March 31, the company saw average daily volumes decrease 3.2% year over year in the U.S. domestic segment ...
Why UPS Stock Is Up Today
The Motley Fool· 2024-04-23 16:09
An earnings beat has investors more relieved than excited.United Parcel Service (UPS 1.93%) used cost cutting to offset soft demand and deliver a first-quarter beat. Investors appear more relieved than excited, sending UPS shares up as much as 3% on the day and up 1.8% as of 11 p.m. ET.Holding ground in a difficult environmentIt has been a tough few quarters for major shipping companies. A period of post-pandemic inventory restocking fueled demand for transportation services, but in 2023, as doubts formed a ...