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 4.04%.
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: United Parcel reported earnings of $1.63, falling short of the the Zacks Consensus Estimate of $1.68 per share. Earnings increased 3.82% on a year over year basis.
United Parcel Service, Inc. Price and EPS Surprise
Revenue: Revenues improved 5.5% over the year-ago quarter to $16.93 billion, missing the Zacks Consensus Estimate of $16.96 billion. Foreign currency movements and lower fuel surcharges negatively impacted sales in the quarter.
Key Stats to Note: The package delivery company 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 $6.14 per share.
Stock Price : The earnings miss disappointed the investors. Shares of the company were down 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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