United Parcel Service (UPS) closed at $147.38 within the newest buying and selling session, marking a +0.03% transfer from the prior day. The inventory exceeded the S&P 500, which registered a lack of 1.39% for the day. In the meantime, the Dow skilled an increase of 0.6%, and the technology-dominated Nasdaq noticed a lower of two.77%.
Coming into right now, shares of the package deal supply service had gained 9.78% prior to now month. In that very same time, the Transportation sector gained 6.6%, whereas the S&P 500 gained 4.43%.
The upcoming earnings launch of United Parcel Service will probably be of nice curiosity to traders. The corporate’s earnings report is predicted on July 23, 2024. On that day, United Parcel Service is projected to report earnings of $1.98 per share, which might symbolize a year-over-year decline of twenty-two.05%. Our most up-to-date consensus estimate is looking for quarterly income of $22.31 billion, up 1.16% from the year-ago interval.
By way of all the fiscal yr, the Zacks Consensus Estimates predict earnings of $8.15 per share and a income of $93.01 billion, indicating adjustments of -7.18% and +2.25%, respectively, from the previous yr.
Moreover, it might be useful for traders to observe any latest shifts in analyst projections for United Parcel Service. These revisions sometimes mirror the newest short-term enterprise traits, which may change continuously. Therefore, constructive alterations in estimates signify analyst optimism concerning the corporate’s enterprise and profitability.
Our analysis reveals that these estimate alterations are straight linked with the inventory worth efficiency within the close to future. To capitalize on this, we have crafted the Zacks Rank, a singular mannequin that includes these estimate adjustments and presents a sensible ranking system.
The Zacks Rank system, spanning from #1 (Robust Purchase) to #5 (Robust Promote), boasts a powerful observe document of outperformance, audited externally, with #1 ranked shares yielding a median annual return of +25% since 1988. During the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.91% lower. United Parcel Service is holding a Zacks Rank of #4 (Promote) proper now.
Valuation can be essential, so traders ought to notice that United Parcel Service has a Ahead P/E ratio of 18.08 proper now. This means a reduction in distinction to its business’s Ahead P/E of 19.09.
Additionally it is value noting that UPS presently has a PEG ratio of 1.89. This widespread metric is just like the widely-known P/E ratio, with the distinction being that the PEG ratio additionally takes into consideration the corporate’s anticipated earnings development fee. Transportation – Air Freight and Cargo shares are, on common, holding a PEG ratio of 1.67 primarily based on yesterday’s closing costs.
The Transportation – Air Freight and Cargo business is a part of the Transportation sector. This group has a Zacks Business Rank of 228, placing it within the backside 10% of all 250+ industries.
The Zacks Business Rank gauges the power of our business teams by measuring the common Zacks Rank of the person shares throughout the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
You’ll find extra data on all of those metrics, and rather more, on Zacks.com.
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United Parcel Service, Inc. (UPS) : Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
