UPS Stock Declines Despite Upbeat 2026 Targets: Here's Why [Yahoo! Finance]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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investors.ups.com
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Source: Yahoo! Finance
Even though long-term targets appeared rosy, near-term struggles are likely to continue. Revenues in first-half 2024 are expected to decline 1-2% year over year. Consolidated adjusted operating profit is likely to plummet 20-30% year over year in first-half 2024. The gloomy near-term forecasts resulted in the stock declining 8.16% on Mar 26. The scenario is likely to brighten from the second half of the current year. Consolidated revenues in the second half of 2024 are expected to increase 4-8% year over year. Consolidated adjusted operating profit is likely to increase 20-30% year over year in the second half of 2024. Management expects current-year consolidated revenues in the $92-$94.5 billion range. The Zacks Consensus Estimate is currently pegged at $93.29 billion, roughly in line with the mid-point of the guided range. Current year consolidated adjusted operating profit is expected between $9.2-$10 billion. Per Carol Tomé, UPS' chief executive officer, “After coming off a di
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News
- Increases to United Parcel Service, Inc.'s (NYSE:UPS) CEO Compensation Might Cool off for now [Yahoo! Finance]Yahoo! Finance
- United Parcel Service: Logistics Leader Still In The Bargain Bin [Seeking Alpha]Seeking Alpha
- United Parcel Service, Inc. (NYSE: UPS) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating. They now have a $170.00 price target on the stock.MarketBeat
- United Parcel Service: I See Persisting Profit Pressure Ahead [Seeking Alpha]Seeking Alpha
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at Bank of America Co. from $157.00 to $160.00. They now have a "neutral" rating on the stock.MarketBeat
UPS
Earnings
- 4/23/24 - Beat
UPS
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form PX14A6G
- 3/27/24 - Form 4
- UPS's page on the SEC website