UPS Releases 1Q 2024 Earnings
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April 24, 2024 5:34 AM EDT
BofA Securities analyst Ken Hoexter raised the price target on UPS (NYSE: UPS) to $160.00 (from $157.00) while maintaining a Neutral rating.
The analyst comments "UPS posted 1Q24 adj. EPS of $1.43, down 35% year-year, yet above our $1.24 target and Streets $1.30. Core 1Q24 results exceeded UPS lowered 1Q outlook provided at its March 26 Analyst Day, as it posted adj operating income of... More
April 23, 2024 6:32 AM EDT
UPS (NYSE: UPS) reported a resilient first quarter in 2024, with both earnings and revenue surpassing Wall Street estimates, despite a YoY decline. The company's stock responded positively, rising 2.5% as investors welcomed the better-than-expected results.
For the first quarter, UPS announced adjusted earnings per share (EPS) of $1.43, which was $0.12 higher than the analyst consensus of $1.31. Revenue reached $21.7 billion, slightly below the consensus estimate of $21.84 billion but down 5.3% from... More
