United Parcel Service, Inc.UPS is a leading provider of transportation, logistics, and financial services across the globe. The Atlanta based company offers a range of supply chain solutions.
The company has an impressive record with respect to earnings, having delivered higher-than-expected earnings in three of the last four quarters. The four-quarter average earnings miss is pegged at 1.9%.
Zacks Rank: Currently, United Parcel has a Zacks Rank #3 (Hold) but that could change following the company's earnings report which was just released.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: UPS reported earnings of $1.45, beating the Zacks Consensus Estimate by a penny. Earnings increased marginally on a year over year basis. Results, however, were hurt by the recent hurricanes.
United Parcel Service, Inc. Price and EPS Surprise
Revenue: Revenues improved 7%over the year-ago quarter to $15,978 million, beating the Zacks Consensus Estimate of $15,605.5 million.
Key Stats to Note: This package delivery company now expects 2017 adjusted earnings per share between $5.85 and $6.10 (old guidance: $5.80 to $6.10). The guidance includes $400 million of pre-tax currency headwinds. The Zacks Consensus Estimate for 2017 currently stands at $6 per share. The company intends to raise some rates by an average of 4.9% from Dec. 24.
Check back later for our full write up on this United Parcel Service earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.