UPS (UPS) Misses Q2 EPS by 21c, Misses on Revenue; Offers FY24 Revenue Guidance
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July 23, 2024 4:00 PM EDT
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
July 23, 2024 10:20 AM EDT
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
July 23, 2024 6:14 AM EDT
(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
