UPS Analysts Cut Outlook After Parcel Giant Misses Revenue Estimate: 'Market Still In Recovery Mode'
Portfolio Pulse from Michael Juliano
Analysts have downgraded their outlook on United Parcel Service (UPS) after the company missed revenue estimates and lowered its revenue guidance for the year. UPS reported a 1.1% decline in second-quarter revenue and a significant drop in adjusted EPS. Analysts from BMO Capital Markets, Stifel, and Oppenheimer have all reduced their price targets and EPS estimates for UPS, citing muted demand, inflationary pressures, and other economic challenges.
July 24, 2024 | 7:36 pm
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United Parcel Service (UPS) missed revenue estimates and lowered its revenue guidance for the year. Analysts from BMO Capital Markets, Stifel, and Oppenheimer have reduced their price targets and EPS estimates, citing muted demand, inflationary pressures, and economic challenges.
UPS reported a 1.1% decline in second-quarter revenue and a significant drop in adjusted EPS, missing consensus estimates. The company also lowered its full-year revenue guidance. Analysts from BMO, Stifel, and Oppenheimer have responded by reducing their price targets and EPS estimates, indicating a negative short-term outlook for the stock.
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