UPS Posts Q3 Beat, Cuts Revenue Outlook: 'Manufacturing Needs To Recover For Uncertainty To Subside,' Analyst Says
Portfolio Pulse from Priya Nigam
UPS reported a Q3 revenue beat, marking its first in 10 quarters, with revenues of $14.4 billion and adjusted earnings of $1.76 per share. Despite lowering its revenue guidance, UPS raised its operating margin target for 2024. Analysts have mixed ratings but generally positive outlooks, with price targets raised.
October 25, 2024 | 4:33 pm
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UPS reported a Q3 revenue beat with $14.4 billion and adjusted earnings of $1.76 per share. Despite lowering revenue guidance, UPS raised its 2024 operating margin target. Analysts have mixed ratings but positive outlooks, with price targets increased.
UPS's Q3 results exceeded expectations, marking a significant achievement after 10 quarters. The company raised its operating margin target for 2024, indicating strong cost management. Analysts have responded by raising price targets, suggesting a positive short-term impact on stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100