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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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October 22, 2014
10:24 EDTUPSUPS October weekly volatility elevated into Q3 and outlook
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October 20, 2014
16:39 EDTUPSUPS 2015 rates for ground, air, international,freight, air freight to be up 4.9%
UPS released new published rates for 2015. UPS Ground, Air, International, UPS Freight, and UPS air freight rates within and between the U.S., Canada, and Puerto Rico will increase an average of 4.9%. The increase is effective Dec. 29.

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