Key Takeaways
- UPS is slated to station its fourth-quarter net study earlier nan marketplace opens Monday.
- Revenue and profit are expected to emergence year-over-year for a 2nd consecutive 4th aft respective quarters of declining sales.
- The shipping giant's CEO said UPS was exiting a "challenging 18-month period" successful its third-quarter report.
United Parcel Service (UPS) is group to study fourth-quarter net connected Thursday morning, pinch analysts expecting nan institution to grounds a 2nd consecutive 4th of year-over-year gross and profit growth.
Analysts are mostly bullish connected nan shipping giant's stock; among nan 15 covering UPS who are tracked by Visible Alpha, 12 person "buy" ratings, on pinch 2 "hold" and 1 "sell." Their statement value target of $153.73 is much than 15% supra nan stock's closing level Friday.
Analysts Expect Second Straight Quarter of Revenue, Profit Growth
UPS is expected to study nett income of $2.14 billion, aliases $2.51 per share, connected gross of $25.35 billion, according to Visible Alpha. A twelvemonth ago, it posted profit of $1.61 billion, aliases $1.87 per share, connected gross of $24.92 billion.
Meeting those estimates would people a second consecutive quarter of year-over-year gross and profit maturation for UPS, which—like shipping rival FedEx (FDX)—saw several quarters of declines pursuing grounds request during nan pandemic.
CEO Carol Tomé called nan 3rd 4th nan extremity of a "challenging 18-month period" for UPS successful its third-quarter report, erstwhile nan institution lowered its 2024 gross outlook to $91.1 billion, down from astir $93 cardinal previously.
UPS shares, which were up 2.5% intraday Monday, are down astir 15% complete nan past 12 months.