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Stock Market & Financial Investment News

News Breaks
July 22, 2013
13:19 EDTUPSEarnings Preview: United Parcel Service sees Q2 EPS $1.13
United Parcel Service (UPS) is expected to report Q2 earnings on Tuesday, July 23 before the market open with a conference call scheduled for 8:30 am ET. UPS is a package delivery company and provider of global supply chain management solutions. EXPECTATIONS: Analysts are looking for EPS of $1.13 on revenue of $13.59B, according to First Call. The consensus range for EPS is $1.12-$1.13 on revenue of $13.2B-$13.93B. LAST QUARTER: UPS reported Q1 adjusted EPS of $1.04 against estimates for $1.01 on revenue of $13.43B against estimates for $13.47B. On July 12, UPS lowered its FY13 EPS view to $4.65-$4.85 from $4.80-$5.06, consensus $4.98. Q2 EPS was forecast at $1.13, consensus $1.20. UPS said, "Overcapacity in the global air freight market, increasing customer preference for lower-yielding shipping solutions, and a slowing U.S. industrial economy drove revenue and operating profit below expectations. In addition, UPS experienced some slowing in package volume growth as a result of labor negotiations. We expect the second quarter market trends to persist and UPS is adapting to meet these conditions. Despite downward revisions to economic forecasts for the second half of the year, we anticipate solid profit growth. However, we are reducing guidance for 2013 adjusted diluted EPS to a range of $4.65 to $4.85, a 3%-7% increase over last year." STREET RESEARCH: Street research has been mixed in the weeks leading up to UPSí Q2 earnings report. On July 11, UPS was initiated with a Buy at Buckingham, price target $115. On July 15, three firms, BB&T, Raymond James, and JP Morgan all downgraded UPS citing the slower pace of earnings growth. PRICE ACTION: UPSí shares have gained approximately 3% since Q1 results were released in late April, and reached a 52-week high of $91.78 earlier this month. In early afternoon trading ahead of Tuesday's Q2 report, UPSí shares are down about 0.2%.
News For UPS From The Last 14 Days
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November 20, 2014
15:25 EDTUPSUPS says company has not be been contacted by Ackman, Bloomberg reports
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10:45 EDTUPSRumor: UPS moves up on activist investor speculation
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November 19, 2014
07:23 EDTUPSFedEx, UPS preparing for earlier holiday rush after last year, WSJ says
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November 18, 2014
10:10 EDTUPSUPS management to meet with Stephens
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November 17, 2014
17:36 EDTUPSUPS says any unplanned surge during holiday may cost customers, Reuters says
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November 14, 2014
15:56 EDTUPSUPS to hold a webcast
UPS Retiree Webcast is being held on November 17 at 3:30 pm. Webcast Link
November 13, 2014
14:28 EDTUPSUPS confirms FY14 adjusted EPS view $4.90-$5.00, consensus $4.96
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13:54 EDTUPSUPS sees repurchasing over $15B over next five years
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13:31 EDTUPSUPS down 1% as analyst day meeting continues
UPS gave FY15 and long-term guidance during the meeting.
13:30 EDTUPSUPS targets EPS growth of 9%-13% from 2015-2019
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13:25 EDTUPSUPS sees FY15 U.S. Domestic revenue up 5%-6%
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13:21 EDTUPSUPS sees FY15 EPS $5.45-$5.70, consensus $5.71
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