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United Parcel Service (UPS) Stock Moves -0.05%: What You Should Know
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United Parcel Service (UPS - Free Report) closed at $176.93 in the latest trading session, marking a -0.05% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.41%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 6.67%.
Coming into today, shares of the package delivery service had lost 1.61% in the past month. In that same time, the Transportation sector lost 3.18%, while the S&P 500 lost 4.4%.
Investors will be hoping for strength from United Parcel Service as it approaches its next earnings release, which is expected to be January 31, 2023. On that day, United Parcel Service is projected to report earnings of $3.59 per share, which would represent no growth from the year-ago period. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $28.1 billion, up 1.2% from the year-ago period.
UPS's full-year Zacks Consensus Estimates are calling for earnings of $12.92 per share and revenue of $101.41 billion. These results would represent year-over-year changes of +6.51% and +4.24%, respectively.
Investors should also note any recent changes to analyst estimates for United Parcel Service. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Within the past 30 days, our consensus EPS projection has moved 0.06% higher. United Parcel Service is currently a Zacks Rank #3 (Hold).
In terms of valuation, United Parcel Service is currently trading at a Forward P/E ratio of 13.7. Its industry sports an average Forward P/E of 12.83, so we one might conclude that United Parcel Service is trading at a premium comparatively.
Also, we should mention that UPS has a PEG ratio of 1.64. 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 1.3 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 177, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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United Parcel Service (UPS) Stock Moves -0.05%: What You Should Know
United Parcel Service (UPS - Free Report) closed at $176.93 in the latest trading session, marking a -0.05% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.41%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 6.67%.
Coming into today, shares of the package delivery service had lost 1.61% in the past month. In that same time, the Transportation sector lost 3.18%, while the S&P 500 lost 4.4%.
Investors will be hoping for strength from United Parcel Service as it approaches its next earnings release, which is expected to be January 31, 2023. On that day, United Parcel Service is projected to report earnings of $3.59 per share, which would represent no growth from the year-ago period. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $28.1 billion, up 1.2% from the year-ago period.
UPS's full-year Zacks Consensus Estimates are calling for earnings of $12.92 per share and revenue of $101.41 billion. These results would represent year-over-year changes of +6.51% and +4.24%, respectively.
Investors should also note any recent changes to analyst estimates for United Parcel Service. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Within the past 30 days, our consensus EPS projection has moved 0.06% higher. United Parcel Service is currently a Zacks Rank #3 (Hold).
In terms of valuation, United Parcel Service is currently trading at a Forward P/E ratio of 13.7. Its industry sports an average Forward P/E of 12.83, so we one might conclude that United Parcel Service is trading at a premium comparatively.
Also, we should mention that UPS has a PEG ratio of 1.64. 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 1.3 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 177, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.