Stock Story -
Parcel delivery company UPS (NYSE:UPS) will be reporting earnings tomorrow morning. Here's what investors should know.
United Parcel Service (NYSE:UPS) missed analysts' revenue expectations by 1% last quarter, reporting revenues of $21.71 billion, down 5.3% year on year. It was a mixed quarter for the company, with a decent beat of analysts' earnings estimates.
Is United Parcel Service a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting United Parcel Service's revenue to be flat year on year at $22.24 billion, improving from the 10.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.99 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at United Parcel Service's peers in the transportation and logistics segment, only FedEx (NYSE:FDX) has reported results so far. It met analysts' revenue estimates and delivered flat year-on-year revenue. The stock traded up 15.5% on the results.
Read the full analysis of FedEx's results on StockStory. There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 4.5% on average over the last month. United Parcel Service is up 4.7% during the same time and is heading into earnings with an average analyst price target of $161.6 (compared to the current share price of $145.11).
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