United Parcel Service ( UPS ) reported fourth-quarter 2017 earnings per share (excluding 40 cents from non-recurring items) of $1.67 per share, surpassing the Zacks Consensus Estimate of $1.65. Earnings increased 2.5% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for UPSdepicted a stable picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being stagnant over the last seven days
Prior to the Q4 earnings beat in the fourth-quarter, the company had delivered positive surprises in three of the last four quarters. The average earnings beat was 1.9%.
United Parcel Service, Inc. Price and EPS Surprise
United Parcel Service, Inc. Price and EPS Surprise | United Parcel Service, Inc. Quote
Revenues Better Than Expected
UPS recorded operating revenues of $18,829 million, which surpassed the Zacks Consensus Estimate of $18,190.5 million. Moreover, revenues increased 11.2% year over year.
Key Stats to Note: The package delivery company expects 2018 adjusted earnings per share between $7.03 and $7.37. The guidance includes approximately $200 million of additional pre-tax pension expense owing to lower discount rates. The Zacks Consensus Estimate for 2018 currently stands at $7.06 per share. Capital expenditure between $6.5 billion and $7 billion in 2018.
Stock Price : Despite reporting better-than-expected earnings and revenues, the report failed to find favor with investors. Consequently, shares of the company were down in pre-market trading at the time of writing.
Zacks Rank: Currently, UPS sports a Zacks Rank #1 (Strong Buy) which is subject to change following the earnings announcement. You can see the complete list of today's Zacks #1 Rank stocks here .
Check back later for our full write up on this UPS earnings report later!
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United Parcel Service, Inc. (UPS): Free Stock Analysis Report
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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.
