United Parcel Service (UPS) Beats Narrowly On Q3 Earnings

United Parcel Service, Inc. (NYSE:UPS) is a leading provider of transportation, logistics, and financial services across the globe. The Atlanta based company offers a range of supply chain solutions.

The company has an impressive record with respect to earnings, having delivered higher-than-expected earnings in three of the last four quarters. The four-quarter average earnings miss is pegged at 1.9%.

Zacks Rank: Currently, United Parcel has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: UPS reported earnings of $1.45, beating the Zacks Consensus Estimate by a penny. Earnings increased marginally on a year over year basis. Results, however, were hurt by the recent hurricanes.

Revenue: Revenues improved 7%over the year-ago quarter to $15,978 million, beating the Zacks Consensus Estimate of $15,605.5 million.

Key Stats to Note: This package delivery company now expects 2017 adjusted earnings per share between $5.85 and $6.10 (old guidance: $5.80 to $6.10). The guidance includes $400 million of pre-tax currency headwinds. The Zacks Consensus Estimate for 2017 currently stands at $6 per share. The company intends to raise some rates by an average of 4.9% from Dec. 24.

Check back later for our full write up on this United Parcel Service earnings report later!

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