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UPS

United Parcel Service (UPS) Beats Narrowly on Q3 Earnings

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.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

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

United Parcel Service, Inc. Price and EPS Surprise | United Parcel Service, Inc. Quote

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!

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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.


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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