UPS Inc. (UPS) hit a 52-week low after announcing it will cut business with Amazon (AMZN) by 50%. Meanwhile, Mastercard (MA) hit an all-time high after posting an earnings beat.
Jan 30 (Reuters) - United Parcel Service (UPS.N), opens new tab on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon.com (AMZN.O), opens new tab, and grapples with stubbornly soft demand for lucrative overnight service and commercial shipments.
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Thursday.
United Parcel Service (UPS) came out with quarterly earnings of $2.75 per share, beating the Zacks Consensus Estimate of $2.52 per share. This compares to earnings of $2.47 per share a year ago.
UPS's stock falls after a deal to cut volume with largest customer by more than half, a revenue miss and a downbeat full-year outlook.
Shares of United Parcel Service (UPS) sank 10% in premarket trading Thursday after the shipping giant reported worse-than-expected fourth-quarter results.
The United Parcel Service (UPS) stock price has crashed in the past few years as the company has faced major challenges. It has dropped by over 34% from its all-time high, bringing its market cap from over $216 billion in 2022 to $125 billion.
UPS's financials have stabilized, turning from negative to neutral, with recent quarters showing revenue and net income growth, indicating an end to the decline. UPS's profitability ratios, particularly RoE, remain above the industry average, suggesting a strong competitive position despite recent declines. UPS is undervalued with a Forward P/E of 18.32x, cheaper than the sector average of 19.66x, presenting a good investment opportunity.
United Parcel Service (UPS) is set to report fourth-quarter earnings on Thursday morning, with analysts expecting the company to record a second straight quarter of year-over-year revenue and profit growth.
United Parcel Service, Inc. has struggled with revenue and profit declines, underperforming the S&P 500, but UPS stock is nearing a potential “buy” range. Despite recent challenges, UPS' U.S. Domestic Package segment shows signs of improvement, driven by increased e-commerce activity and higher business-to-consumer volumes. The International Package segment and Supply Chain Solutions have mixed results, with the latter showing growth due to the MNX Global Logistics acquisition.
UPS is set to post its Q4 results next week. Here, we assess factors that are likely to have influenced it and how investors should play this stock now.
UPS (UPS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.