- UPS reported an adjusted EPS of $1.43 for Q1 2024, which surpasses the estimate of $1.30.
- There was a decline in revenue to $21.7 billion, which is a 5.3% reduction year-on-year, falling short of the expected $21.83 billion.
- The recorded US package revenue was $14.23 billion, also lower than the estimated $14.4 billion with a year-on-year reduction of 5%.
- International package revenue dropped by a further 6.3% year-on-year to $4.26 billion, falling slightly short of the predicted $4.28 billion.
- Supply Chain Solutions revenue was recorded at $3.22 billion, beating the estimate of $3.18 billion despite being down 5.3% year-on-year.
- The adjusted operating margin came in at a positive 8%, exceeding the estimated 7.47%.
- Total operational expenses decreased by 1.4% year-on-year to $20.09 billion which was lower than the expected $20.27 billion.
- UPS reaffirms its financial guidance for the full year 2024.
- As per investment recommendations, there are 13 buys, 15 holds, and 2 sells on UPS.
United Parcel Service Cl B on Smartkarma
Analysts on Smartkarma, such as Baptista Research, are closely following United Parcel Service Cl B (UPS) amidst its latest quarterly earnings results announcement. According to a research report titled “United Parcel Service (UPS): Accelerated digitization and e-commerce demand could propel them forward? – Major Drivers” by Baptista Research, UPS disclosed key insights during its Fourth Quarter Investor Relations call. In the fourth quarter of 2023, UPS experienced a 7.5% drop in average daily volume (ADV) compared to the previous year, indicating a significant improvement from its third-quarter performance.
The analysis suggests that accelerated digitization efforts and the rise in e-commerce demand could serve as pivotal factors shaping UPS’s future trajectory. Investors are keenly observing how UPS navigates these opportunities and challenges to potentially drive its growth in the dynamic logistics landscape. Baptista Research‘s bullish sentiment provides a glimpse into the optimism surrounding UPS’s strategic positioning and operational outlook in the evolving market environment.
A look at United Parcel Service Cl B Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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 has a promising long-term outlook, as indicated by its Smartkarma Smart Scores. With a strong score of 4 in Dividend and a top score of 5 in Growth, the company shows potential for providing consistent returns to investors while also expanding its operations. These scores highlight UPS’s ability to generate steady dividend income and its focus on sustainable growth strategies. Although scores in Value and Resilience are moderate at 2, the company’s high score of 3 in Momentum suggests positive upward movement in the future.
United Parcel Service, Inc. (UPS) is a well-established company that offers delivery services across the United States and internationally. Additionally, UPS provides global supply chain solutions and transportation services, particularly within the U.S. The company operates through an integrated air and ground network for pickups and deliveries, showcasing its strong presence in the logistics and transportation industry. With a focus on growth and dividends, UPS is positioning itself for long-term success in the market.
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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