UPS Q3 Earnings Preview: Delivery Giant Aims To End Revenue Misses As Stock Remains 'Stuck In A Two-Year Downtrend'
Portfolio Pulse from Chris Katje
UPS is set to report its Q3 earnings, aiming to end a streak of revenue misses. Analysts expect revenue of $22.14 billion and EPS of $1.63. The company has faced challenges with labor negotiations and softer shipping volumes. UPS stock is in a two-year downtrend, with key resistance at the 200-day moving average. Recent analyst ratings show mixed sentiments, with price targets ranging from $120 to $162.
October 23, 2024 | 6:57 pm
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NEGATIVE IMPACT
FedEx's recent earnings report, which cited softer shipping volumes, could impact UPS's performance and investor sentiment. FedEx stock fell post-earnings but has slightly recovered.
FedEx's report of softer shipping volumes could negatively influence UPS's performance and investor sentiment. FedEx's stock reaction post-earnings may serve as an indicator for UPS's potential market response.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
UPS is expected to report Q3 earnings with revenue of $22.14 billion and EPS of $1.63. The company has missed revenue estimates for eight consecutive quarters. UPS stock is in a two-year downtrend, with resistance at the 200-day moving average. Analysts have mixed ratings, with price targets from $120 to $162.
UPS's upcoming earnings report is crucial as it aims to end a streak of revenue misses. The stock is in a downtrend, facing resistance at the 200-day moving average. Mixed analyst ratings indicate uncertainty, with price targets ranging from $120 to $162. The earnings report and any updates on guidance or M&A could impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100