Earnings Outlook For United Parcel Service
Portfolio Pulse from Benzinga Insights
United Parcel Service (NYSE:UPS) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $2.47. Investors are looking for an earnings beat and positive guidance for future growth. UPS's stock performance has been negative over the past year, with a 15.1% decline. Historical data shows that stock price reactions to past earnings have been mixed, with slight decreases following earnings beats.
January 29, 2024 | 4:00 pm
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UPS is anticipated to report quarterly earnings with an EPS estimate of $2.47. Investors will focus on earnings results and future guidance. The stock has seen a 15.1% decline over the past year, indicating bearish sentiment among long-term shareholders.
The short-term impact on UPS stock will likely hinge on whether the company beats the EPS estimate and provides positive future guidance. Historical performance suggests that even with an earnings beat, the stock may not necessarily rise. The current bearish sentiment due to the annual decline could temper any positive reaction to an earnings beat unless accompanied by strong guidance.
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