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United Parcel Service (UPS) Beats on Q1 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 a decent track record with respect to earnings, having delivered higher-than-expected earnings in three of the last four quarters. The four-quarter average earnings beat is pegged at 0.46%.

Zacks Rank: Currently, United Parcel has a Zacks Rank #4 (Sell) 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: United Parcel reported earnings of $1.32, beating the Zacks Consensus Estimate of $1.30 per share. Earnings increased 3.9% on a year over year basis.

United Parcel Service, Inc. Price and EPS Surprise

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

Revenue: Revenues improved 6.2% over the year-ago quarter to $15,315 million, beating the Zacks Consensus Estimate of $15,179.5 million.

Key Stats to Note: The package delivery company still expects 2017 adjusted earnings per share in the band of $5.80 to $6.10, which includes $400 million of pre-tax currency headwinds. Foreign currency related headwinds are also expected to hurt 2017 results. The Zacks Consensus Estimate for 2017 currently stands at $5.95 per share.

Stock Price : The earnings beat pleased the investors. Shares of the company were up in pre-market trading at the time of writing.

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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