Earnings Alerts

United Parcel Service Cl B (UPS) Earnings: Q3 Revenue Meets Estimates with $22.2 Billion Achievement

By October 24, 2024 No Comments
  • UPS reported third-quarter revenue of $22.2 billion, which was a 5.4% increase compared to the same period last year, meeting the estimate of $22.16 billion.
  • The US package revenue for UPS stood at $14.45 billion, marking a 5.8% increase year-over-year, and slightly surpassing the estimate of $14.34 billion.
  • International package revenue reached $4.41 billion, showing a growth of 3.4% from last year, but just below the forecasted $4.43 billion.
  • Revenue from UPS’s Supply Chain Solutions was $3.38 billion, up 8% year-over-year, though it fell short of the anticipated $3.45 billion.
  • UPS has updated its full-year 2024 consolidated revenue and operating margin targets, taking into account the actual third-quarter results, the completion of the Coyote disposition, and the outlook for the fourth quarter.
  • Stock analyst ratings for UPS included 17 buy recommendations, 14 holds, and 3 sells.

United Parcel Service Cl B on Smartkarma

Analyst coverage of United Parcel Service Cl B on Smartkarma reveals insightful reports by Baptista Research. In one report titled “United Parcel Service (UPS): Strategic Pricing Revisions & Dynamic Revenue Management As Critical Growth Catalysts! – Major Drivers,” the analysts highlight UPS’s return to volume growth in the U.S. market, driven by strategic efforts targeting small and medium-sized business sectors and key acquisitions like Estafeta. These initiatives are expected to enhance UPS’s logistics capabilities with the shifting regional manufacturing landscape.

In another report by Baptista Research titled “United Parcel Service (UPS): How Is The Management Playing The Macro Cycle? – Major Drivers,” analysts delve into UPS’s financial performance, noting a decline in consolidated revenue and operating profit due to increased labor costs associated with a contractual agreement. Despite these challenges, UPS’s partnership with the United States Postal Service to become the primary air cargo provider presents a significant opportunity for the company’s future growth and strategic positioning.


A look at United Parcel Service Cl B Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.0

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

Analysts at Smartkarma have reviewed the Smart Scores for United Parcel Service Cl B, offering insights into the company’s long-term prospects. With a strong Dividend score of 5, UPS appears to be a reliable dividend-paying company, which can be appealing to income-focused investors. Additionally, the Growth and Momentum scores at 3 indicate moderate potential for growth and positive market momentum.

However, UPS scores lower in the Value and Resilience categories with scores of 2. This suggests that while the company may not be undervalued, it may face challenges in terms of resilience and stability. Overall, based on these Smart Scores, United Parcel Service Cl B presents a mixed outlook, with strengths in dividends and growth potential offset by concerns in value and resilience.

Summary: United Parcel Service, Inc. (UPS) is a company that specializes in delivering packages and documents both within the United States and internationally. Additionally, UPS offers global supply chain services and less-than-truckload transportation primarily in the U.S., utilizing an integrated air and ground pick-up and delivery network.


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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