UPS (NYSE: UPS) stock price plunged by more than 5% in the pre-market after the company published a weak guidance. The shares crashed to a low of $150, the lowest level since November 28 last year. They have pulled back by almost 9% from their highest point this year and by 21% from their highest point in 2023.UPS, one of the biggest shipping companies in the world, announced a mixed financial report. In a statement, the company said that its revenue dropped by 7.8% to $24.9 billion. Its operating profit al ...

Shares of United Parcel Service Inc. UPS, -0.80% sank 5.2% toward a two-month low in premarket trading Tuesday, after the package delivery giant reported fourth-quarter that fell below expectations, again, and provided a downbeat 2024 outlook, amid weakness in both the U.S. domestic and international businesses. Net income dropped to $1.61 billion, or $1.87 a share, from $3.45 billion, or $3.96 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.47 topped the Fa ...

ATLANTA--(BUSINESS WIRE)--UPS (NYSE:UPS) today announced fourth-quarter 2023 consolidated revenues of $24.9 billion, a 7.8% decrease from the fourth quarter of 2022. Consolidated operating profit was $2.5 billion, down 22.5% compared to the fourth quarter of 2022, and down 27.1% on an adjusted basis. Diluted earnings per share were $1.87 for the quarter; adjusted diluted earnings per share of $2.47 were 31.8% below the same period in 2022. For the fourth quarter of 2023, GAAP results include a total char ...

Analyst Estimates for Q4 2023Q3 2023Q4 2022Revenue$25.4 billion$21.1 billion$ 27 billionEarnings Per Share$2.46$1.57$3.62Net Income$2.1 billion$1.1 billion$3.5 billion Key Metric The contract negotiations slowed UPS’s traffic as consumers prepared for a potential strike, but CEO Carol Tomé said during the company’s last earnings report that shipping volume was beginning to return. However, disruptions prompted UPS to drop its full-year operating margin to 10.8%, lowering it a second time from the 11.8% p ...

Investors are always looking for stocks that are poised to beat at earnings season and United Parcel Service, Inc. (UPS) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because United Parcel Service is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible ...

The most recent trading session ended with United Parcel Service (UPS) standing at $159.30, reflecting a -0.26% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily loss of 0.07%. Elsewhere, the Dow saw an upswing of 0.16%, while the tech-heavy Nasdaq depreciated by 0.36%.Heading into today, shares of the package delivery service had gained 1.53% over the past month, outpacing the Transportation sector's loss of 2.2% and lagging the S&P 500's gain of 3.05% i ...

In the latest trading session, United Parcel Service (UPS) closed at $159.71, marking a +2% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.19%.Shares of the package delivery service witnessed a loss of 0.17% over the previous month, beating the performance of the Transportation sector with its loss of 3.36% and underperforming the S&P 500's gain of 2.48%.Market participants will be ...

The upcoming report from United Parcel Service (UPS) is expected to reveal quarterly earnings of $2.44 per share, indicating a decline of 32.6% compared to the year-ago period. Analysts forecast revenues of $25.31 billion, representing a decrease of 6.4% year over year.Over the last 30 days, there has been an upward revision of 1.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the ...

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.Shares of this package delivery service have returned +1.3% over the past month versus the Zacks S&P 500 composite's +2.4% change. The Zacks Transportation - Air Freight and Cargo industry, to which UPS belongs, has gained 1.1% over this period. Now the key question is: Where could the stoc ...

United Parcel Service (UPS) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 30, 2024, might help the stock move higher if these key numbers are bet ...