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United Parcel Service earnings beat by $0.12, revenue fell short of projected estimation

In its quarterly report, United Parcel Service (NYSE: UPS) exceeded earnings expectations by $0.12, yet its revenue fell short of projections. For the initial quarter, UPS recorded an EPS of $1.43, surpassing the analyst consensus of $1.31. However, the revenue amounted to $21.7 billion, slightly lower than the anticipated $21.84 billion.

Projections

UPS anticipates its revenue for the fiscal year 2024 to range between $92.00 billion and $94.50 billion.

At the close of trading, UPS’s stock price stood at $145.36. Over the past three months, it has experienced a decline of -8.99%, while over the past year, the decrease stands at -25.78%.

Over the last 90 days, UPS observed 0 positive revisions to its EPS forecast and 17 negative revisions. A detailed overview of UPS’s historical stock price reactions to earnings can be found here.

Based on InvestingPro’s analysis, UPS’s Financial Health rating indicates “fair performance”.

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