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Can United Parcel (UPS) Run Higher on Strong Earnings Estimate Revisions?

United Parcel Service, Inc. UPS is a global logistics and financial service provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on UPS earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that UPS could be a solid choice for investors.

Current Quarter Estimates for UPS

In the past 30 days, six estimates have gone higher for UPS while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.44 a share 30 days ago, to $1.73 today, a move of 20.1%.

Current Year Estimates for UPS

Meanwhile, UPS’s current year figures are also looking quite promising, with 10 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $5.55 per share 30 days ago to $6.66 per share today, an increase of 20%.

United Parcel Service, Inc. Price and Consensus

United Parcel Service, Inc. Price and Consensus

United Parcel Service, Inc. price-consensus-chart | United Parcel Service, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 26.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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