Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

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.

Last quarter, UPS reported a positive earnings surprise of 11.35%. The company has a decent track record with respect to earnings, having delivered higher-than-expected earnings in each of the last four quarters. The four-quarter average earnings beat is pegged at 5.68%.

Zacks Rank: Currently, United Parcel has a Zacks Rank #2 (Buy) 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: United Parcel reported earnings of $1.27, beating the Zacks Consensus Estimate of $1.22 per share. Earnings increased 13.4% on a year over year basis.

Revenue: Revenues improved 3.2% over the year-ago quarter to $14.42 billion. Revenues were short of the Zacks Consensus Estimate of $14.58 billion. Foreign currency movements and lower fuel surcharges negatively impacted sales in the quarter.

Key Stats: The package delivery company still expects 2016 adjusted earnings per share in the band of $5.70 to $5.90. The projection reflects 5% to 9% growth over the comparable 2015 figure of $5.43. The Zacks Consensus Estimate for 2016 currently stands at $5.76 per share, well within the company’s guidance range.

Check back later for our full write up on this United Parcel Service earnings report later!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
UTD PARCEL SRVC (UPS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research