UPS Releases 2Q 2024 Earnings

UPS (UPS) PT Lowered to $138 at Evercore ISI

Evercore ISI analyst Jonathan Chappell lowered the price target on UPS (NYSE: UPS) to $138.00 (from $145.00) while maintaining a In Line rating.

The analyst comments "UPS posted 2Q24 adjusted EPS of $1.79, coming in below our forecast of $1.94 and the average Street estimate of $1.99... More

UPS (UPS) PT Lowered to $140 at CFRA

CFRA analyst Stewart Glickman lowered the price target on UPS (NYSE: UPS) to $140.00 (from $149.00) while maintaining a Hold rating.

The analyst comments "Our 12-month target of $140, cut from $149, applies a 14.2x multiple of our forecasted 2025 operating EPS of $9.85 (trimmed by $0.11; we lower our... More

UPS shares plunge on Q2 earnings, revenue miss

(Updated - July 23, 2024 9:52 AM EDT)

UPS (NYSE: UPS) shares plunged Tuesday after the company reported a decline in both earnings and revenue for the second quarter of 2024, falling short of Wall Street expectations.

The company's adjusted earnings per share (EPS) came in at $1.79, below the analyst estimate of $2.00, marking a significant 29.5% drop from the $2.54 reported in the same quarter last year. Revenue also saw a slight decrease of 1.1% to $21.8 billion, missing the consensus estimate of $22.17 billion.

Following the announcement, UPS shares tumbled by over 12%, indicating a negative market response to... More

UPS (UPS) Misses Q2 EPS by 21c, Misses on Revenue; Offers FY24 Revenue Guidance

UPS (NYSE: UPS) reported Q2 EPS of $1.79, $0.21 worse than the analyst estimate of $2.00. Revenue for the quarter came in at $21.8 billion versus the consensus estimate of $22.17 billion.

GUIDANCE:

UPS sees FY2024 revenue of $93 billion, versus the consensus of $92.8 billion.

For earnings history and earnings-related data on UPS (UPS) click here.