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) 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 ...

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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 ...

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 ...

United Parcel Service, Inc. (NYSE:UPS) Q1 2024 Earnings Conference Call April 23, 2024 8:30 AM ET Company Participants PJ Guido - IR Carol Tome - CEO Brian Newman - CFO Nando Cesarone - EVP & President of U.S. and UPS Airline Matt Guffey - EVP & Chief Commercial & Strategy Officer Kate Gutmann - EVP and President of International, Healthcare & Supply Chain Solutions Conference Call Participants Eric Morgan - Barclays Amit Mehrotra - Deutsche Bank Tom Wadewitz - UBS Scott Group - Wolfe Research Ravi Shan ...

United Parcel Service (UPS) reported $21.71 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.3%. EPS of $1.43 for the same period compares to $2.20 a year ago.The reported revenue represents a surprise of -1.16% over the Zacks Consensus Estimate of $21.96 billion. With the consensus EPS estimate being $1.33, the EPS surprise was +7.52%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

Key TakeawaysUnited Parcel Service on Tuesday released first-quarter results that beat adjusted profit estimates but fell short of revenue expectations.The shipping giant affirmed its full-year guidance, projecting revenue of $92.0 billion to $94.5 billion and an adjusted operating margin of 10.0% to 10.6%.UPS and other shipping companies like FedEx have had to adjust as shipping demand and revenue that hit record highs during the pandemic have fallen in recent quarters. United Parcel Service (UPS) on Tuesd ...

Exhibit 99.2 United Parcel Service, Inc. Selected Financial Data - First Quarter (unaudited) Three Months Ended March 31 2024 2023 Change % Change (amounts in millions, except per share data) Statement of Income Data: Revenue: U.S. Domestic Package $ 14,234 $ 14,987 $ (753) (5.0)% International Package 4,256 4,543 (287) (6.3)% Supply Chain Solutions 3,216 3,395 (179) (5.3)% Total revenue 21,706 22,925 (1,219) (5.3)% Operating expenses: U.S. Domestic Package 13,409 13,521 (112) (0.8)% International Package 3 ...

ONTARIO, CALIFORNIA - APRIL 01: A UPS truck drives past UPS planes (TOP) on April 1, 2024 in ... [+] Ontario, California. (Photo by Mario Tama/Getty Images)Getty ImagesUnited Parcel Service (NYSE: UPS) is scheduled to report its Q1 2024 results on Tuesday, April 23. We expect UPS to post revenue of $22 billion and earnings of $1.38 on a per-share and adjusted basis, slightly above the street expectations. The company will likely see a tough comparison in Q1, weighing on the overall volume growth as well as ...