United Parcel Service (UPS) Dips More Than Broader Markets: What You Should Know

In the latest trading session, United Parcel Service (UPS) closed at $181.74, marking a -0.95% move from the previous day. This change lagged the S&P 500’s daily loss of 0.69%.

Click to get this free report

– Zacks

Coming into today, shares of the package delivery service had lost 5.06% in the past month. In that same time, the Transportation sector lost 3.35%, while the S&P 500 lost 2.58%.

UPS will be looking to display strength as it nears its next earnings release. In that report, analysts expect UPS to post earnings of $2.52 per share. This would mark year-over-year growth of 10.53%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $22.71 billion, up 6.93% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $11.18 per share and revenue of $94.69 billion, which would represent changes of +35.84% and +11.89%, respectively, from the prior year.

Any recent changes to analyst estimates for UPS should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.14% higher within the past month. UPS is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, UPS is holding a Forward P/E ratio of 16.41. This represents a premium compared to its industry’s average Forward P/E of 15.09.

We can also see that UPS currently has a PEG ratio of 1.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. UPS’s industry had an average PEG ratio of 1.41 as of yesterday’s close.

The Transportation – Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 248, putting it in the bottom 3% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow UPS in the coming trading sessions, be sure to utilize Zacks.com.


Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.

See Zacks Hottest Tech IPOs Now >>



Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

United Parcel Service, Inc. (UPS): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

Internet Explorer Channel Network
News Related

OTHER NEWS

Rishi Sunak unveils spending spree with Scottish Government to receive extra £4.6 billion a year

Rishi Sunak has unveiled a budget that will see the Scottish Government receive an extra £4.6 billion a year. © Prime Minister Boris Johnson with Chancellor of the Exchequer Rishi ... Read more »

Medicare expansion hangs in the balance as Democrats race towards a deal

ATU Images | The Image Bank | Getty Images A major expansion of Medicare that Democrats proposed as part of the Build Back Better initiative is in danger of being ... Read more »

Bitcoin futures ETF may be a costly way to get long-term crypto exposure

boonchai wedmakawand | Moment | Getty Images Crypto enthusiasts had reason to cheer last week as digital currencies notched another milestone: the first U.S. bitcoin futures exchange-traded fund. Investors rushed ... Read more »

Millions will not benefit from Sunak's ‘tax cut for low paid', say activists

Millions of struggling low-income households will not benefit from the £2bn “tax cut for the low paid” announced by the chancellor in the budget as a way of easing the ... Read more »

Budget 2021 tax calculator: What the changes announced today mean for you and how much tax you will pay

Rishi Sunak has used the Budget to taper Universal Credit penalties for working claimants, while cutting air passenger duty on domestic flights and increasing the National Living Wage to £9.50 an hour. In an ... Read more »

Budget 2021: OBR forecasts council tax hike and rising cost of living will wipe out wage increases

Disposable income in UK households is expected to remain stagnant over the next few years, as inflation results in a higher cost of living that wipes out income growth, according ... Read more »

Avoiding the Price Trap: 3 Tips to Succeed as a Mission-Based Business

On this week’s episode of SUCCESS Line, I talk to Maria. Maria quit her job as a project manager two years ago to follow her dreams of starting her own ... Read more »

The era of surprise medical bills may be ending

staticnak1983 | E+ | Getty Images Americans will soon be protected from many unexpected medical bills, thanks to a new law that goes into effect Jan. 1. That legislation, called ... Read more »

Sundaram Finance looks at fighting vaccine hesitancy in TN as a 'moral imperative'

Chennai: Covid has been a tough time for the Sundaram Finance Group as the company has seen thousands of their customers and staff operating at various levels pass away during ... Read more »

Universal Credit: Budget changes to taper rate will only help a third of households in need

Changes to the universal credit allowances and taper rate will only help a third of households which have been relying on the axed emergency uplift of £20-a-week. Chancellor Rishi Sunak ... Read more »

Rishi Sunak £2bn tax cut to make Universal Credit 'reward work'

© Provided by Daily Mail MailOnline logo Rishi Sunak has revealed a £2 billion tax cut to make Universal Credit ‘reward work’ and help low-paid families with the cost of ... Read more »

Parents have nothing to thank Rishi Sunak for today

Take a big swig of the cheap rosé Rishi Sunak has promised, ladies, because you’re going to need it to swallow all the nonsense served up in the chancellor’s latest ... Read more »

Autumn Budget 2021: 'UK Government has shortchanged Scotland'

The Autumn Budget has been branded an ‘embarrassment’ and has ‘short-changed Scotland’, Scottish politicians have claimed, as the Chancellor unveiled a cut in aviation taxes and an increase in minimum ... Read more »

Gold loan securitisation volume stands at Rs 4,400 cr in H1 FY22: Report

<a href="/tag/gold-loan-securitisation“>Gold loan securitisation volumes stood at around Rs 4,400 crore in the first half of the current fiscal, same as volumes seen in the year-ago period, Icra Ratings said ... Read more »

Forex reserves surge by $58.38 bn in Mar-Sep 2021 period: RBI report

The country’s foreign exchange reserves surged by USD 58.38 billion in April-September 2021 to USD 635.36 billion, says an RBI report released on Wednesday. The forex reserves were at USD ... Read more »

Number of families paying inheritance tax will double

Thousands more families will be forced to pay inheritance tax in the coming years than previously feared, official figures have revealed.  © Provided by The Telegraph Man in a trap ... Read more »

Ask the Coach: I Don't Have the Mental Bandwidth to Tackle Growth in Every Area—What Do I Do?

I can’t seem to find the mental bandwidth to improve in all the areas of life that I want to improve. When I lean into my business, my health becomes ... Read more »

Minimum wage POLL: Is the rise from £8.91 to £9.50 enough amid rising cost of living?

Making his Budget speech in Parliament on Wednesday afternoon, the Chancellor said the hike amounted to a pay rise of over £1,000 per year for those working full time on ... Read more »

OBR warns 'wage spiral' could force interest rates to 3.5 PER CENT

© Provided by Daily Mail MailOnline logo The government’s watchdog today warned that a ‘wage spiral’ or energy shock could drive inflation to a three-decade high of  5.4 per cent ... Read more »

Furlough Budget update: Did Rishi Sunak extend furlough? Pledge to 'help working families'

The furlough scheme came into force during the first coronavirus pandemic lockdown in the UK. During this time, millions of Britons were unable to work and earn an income. However, ... Read more »

4 strategies to create and stick with a family budget

Guido Mieth | Stone | Getty Images The thought of creating a budget may make you stressed. Add a spouse or partner and possibly children into the mix and you ... Read more »

The Psychology of Motivation: Why Is Motivation So Powerful?

Motivation is an important driving force in people’s lives. It can affect both minor and major aspects of your life. Oftentimes, one’s level of motivation—or lack thereof—can determine their level ... Read more »

Universal Credit raised for 1.7million Brits in Budget U-turn - weeks after £20 cut

Universal Credit will be made more generous for around 1.7million working British families, Rishi Sunak confirmed today in a Budget U-turn. The Chancellor confirmed a cut in the taper rate ... Read more »

Pension Budget changes in FULL - what Rishi Sunak's announcement means for you

The UK has witnessed spectacular upheaval of pensions policy throughout the coronavirus pandemic, including the pause on the flagship Triple Lock policy which has left pensioners worse off. Individuals have ... Read more »

Budget 2021: Rishi Sunak promises ‘we will help families get by'

© PA Wire Budget 2021 Rishi Sunak on Wednesday promised help for families with the cost of living as he sought to build a “more innovative, high-skill” economy fuelled by ... Read more »

'Welcome news' for UK property owners as Rishi Sunak announces Capital Gains Tax changes

The deadline to file a tax return for those selling UK residential property will be extended, it was announced today.”In the small print announced in the Budget today, for those ... Read more »

Chancellor unveils tax cuts and benefits boost as he warns of 'challenging' months ahead

Chancellor Rishi Sunak has set out a series of tax cuts and a boost to benefits to help Britons with the cost of living, as he warned of “challenging” months ... Read more »

Budget: Rishi Sunak makes flights cheaper despite warning to cut UK's air travel demand

The government will cut taxes on domestic flights to make it cheaper to fly within the UK, Rishi Sunak has announced. © Independent Breaking News In a budget delivered just ... Read more »

Budget: Rishi Sunak cuts taxes on domestic flights days before Cop26 climate conference starts

The government will cut taxes on domestic flights to make them cheaper, Rishi Sunak has announced. © Independent Breaking News In a budget just days before the UK hosts the ... Read more »

How community leaders are bringing personal finance into the classroom

At CNBC's America's Financial Education town hall, community leaders from across the nation were honored for their commitment to educating students about financial literacy. Currently, only 21 states require financial literacy to ... Read more »

Meet the financial literacy leaders making a difference in their communities

Throughout Hispanic Heritage month, CNBC, in partnership with Acorns, asked communities across America to nominate local financial literacy leaders who demonstrated a commitment to educating those who are often left ... Read more »

Spice Money strengthens its senior leadership team

Rural fintech company Spice Money has announced the appointment of four senior leaders. This includes Vivek Venkatesan as chief financial officer for Spice Money, Sameer Nagpal as chief business officer ... Read more »

A divergence between the two largest chipmakers, Nvidia and Taiwan Semi, could widen, traders say

It's a tale of two chipmakers in the semiconductor space. Nvidia, the largest stock in the SMH semiconductor ETF, hit records Tuesday and rallied another 7% on hopes Facebook's investment ... Read more »

Op-ed: Opportunity zone funds are more about hype than substance when it comes to tax planning

Reza Estakhrian | The Image Bank | Getty Images Opportunity zone fund investments are back. Granted, they never went away, but after generating a great deal of attention a few ... Read more »

Martin Lewis gives 21-day warning to all UK drivers over potential saving of £500

A 21-day warning has been issued to all UK drivers by Money Saving Expert Martin Lewis, who warns they could lose out on as much as £500 if they don’t ... Read more »

Inflation to soar to 4% this winter in grim Budget announcement for families

Inflation will soar to 4% this winter spelling a cost of living squeeze for millions of families, the Budget predicted today. Chancellor Rishi Sunak said the Office for Budget Responsibility ... Read more »

Budget 2021 – live: Sunak unveils spending pledges as inflation set to increase to 4%

LIVE – Updated at 13:06 © PA budget sunak 2.jpg Rishi Sunak has said inflation is expected to hit 4 per cent in the year ahead, as he delivers his ... Read more »

College tuition is now rising at a rate lower than inflation

College gets more and more expensive every year. And yet, amid continued falling enrollment due to Covid, this year's increases in tuition and fees are very low by historic standards, ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic