- Adjusted EPS for Q2: $1.79, significantly lower than $2.54 last year and missed the estimate of $1.98.
- Reported EPS: $1.65 vs. $2.42 last year, also missing estimates.
- Revenue: $21.8 billion, down 1.2% year-over-year, and below the estimate of $22.21 billion.
- US package revenue: $14.12 billion, a 1.9% decline year-over-year, missing the estimate of $14.53 billion.
- International package revenue: $4.37 billion, a 1% drop year-over-year, below the estimate of $4.41 billion.
- Supply Chain Solutions revenue: $3.33 billion, up 2.6% year-over-year, surpassing the estimate of $3.29 billion.
- Total operating expenses: $19.87 billion, up 3.1% year-over-year, and slightly below the estimate of $19.95 billion.
- UPS has updated its financial guidance for the full year 2024.
- UPS has restarted its share repurchase program, targeting $1 billion annually.
- Among analysts: 14 recommend buying, 16 suggest holding, and 2 advise selling.
United Parcel Service Cl B on Smartkarma
Analysts on Smartkarma, including Baptista Research, are closely monitoring United Parcel Service Cl B (UPS) and providing valuable insights into the company’s performance. In a recent report titled “United Parcel Service (UPS): How Is The Management Playing The Macro Cycle? – Major Drivers,” Baptista Research highlighted UPS’s revenue decline of 5.3% YoY, with operating profit also dropping by 31.5% due to higher labor costs. The analysts noted a key development where UPS plans to become the primary air cargo provider for the United States Postal Service.
Another report by Baptista Research, titled “United Parcel Service (UPS): Accelerated digitization and e-commerce demand could propel them forward? – Major Drivers,” discussed UPS’s latest earnings results, emphasizing a 7.5% drop in average daily volume in Q4 of 2023 but showing improvement from the previous quarter. This analysis suggests that UPS’s strategic moves towards digitization and responding to e-commerce demands could drive the company’s future growth, providing investors with valuable perspectives on UPS’s potential trajectory.
A look at United Parcel Service Cl B Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
United Parcel Service Cl B, as indicated by the Smartkarma Smart Scores, shows promising long-term potential. With a high Dividend score of 4, investors can expect attractive returns in the form of dividends. The Growth score of 3 suggests that UPS is positioned for steady expansion in the future. Its Momentum score of 3 indicates a positive trend for the company. However, UPS’s Value and Resilience scores are relatively lower at 2, pointing towards some areas of improvement in terms of intrinsic value and stability.
United Parcel Service, Inc.(UPS) is a company that specializes in delivering packages and documents both domestically and internationally. Additionally, UPS offers global supply chain services and less-than-truckload transportation, mainly within the U.S. Known for its integrated air and ground pick-up and delivery network, UPS is a key player in the logistics industry with a solid foundation for continued growth and success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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