2023-08-07 13:17:13 ET
- UPS ( NYSE: UPS ) is scheduled to announce Q2 earnings results on Tuesday, August 8th, before market open.
- The consensus EPS estimate is $2.50 and the consensus revenue estimate is $23.12 billion.
- Over the last 2 years, UPS has beaten EPS estimates 88% of the time and has beaten revenue estimates 63% of the time.
- Over the last 3 months, EPS estimates have seen 1 upward revision and 13 downward. Revenue estimates have seen 0 upward revisions and 6 downward.
- The company on April 25 reported Q1 non-GAAP EPS of $2.20, missing estimates by 1 cent. Revenue of $22.9 billion was down 6.1% from last year and missed expectations by $80 million.
- UPS has a Quant rating of " HOLD ", with a 3.23 rating score.
- UPS has an industry ranking of 7 out of 14 among air freight and logistics stocks, as per SA's Quant ranking.
- Wall Street rates the UPS stock " BUY " and Seeking Alpha authors rate it " HOLD ".
- UPS stock fell 15.9% in 2022, while the benchmark S&P 500 Index slipped nearly 20% for the year.
- Stock is up 5.1% so far this year as of Friday's close.
Recent analyses on UPS:
" UPS is near a low in its earning cycle, and shares are a decent value play following a Q1 earnings-related drop. Despite disappointing Q1 results and a dimmed forecast for full-year net sales, the company's strong yield, stock buyback, and decent capex plans make it an attractive investment ," writes SA contributor Mike Zaccardi in a June 29 report .
" UPS is trading above its historical averages based on the FY23 consensus P/E multiple. Given the higher than historical valuation, I would suggest a “wait and watch” approach and prefer to remain on the sidelines to see some signs of volume recovery and margin expansion before turning more positive on the stock. Hence, I continue to have a neutral rating on the stock ," writes SA contributor GS Analytics in an August 2 report .
For further details see:
UPS Q2 earnings on deck, what to expect