United Parcel Service Inc reports results for the quarter ended June 30 - Earnings Summary

• United Parcel Service Inc UPS.N reported quarterly adjusted earnings of $1.55​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.79. The mean expectation of twenty six analysts for the quarter was for earnings of $1.56 per share. Wall Street expected results to range from $1.48 to $1.64 per share.

• Revenue fell 2.7% to $21.22 billion from a year ago; analysts expected $20.86 billion.

• United Parcel Service Inc's reported EPS for the quarter was $1.51​.

• The company reported quarterly net income of $1.28 billion.

• United Parcel Service Inc shares had risen by 0.6% this quarter and lost 19.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.3% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 12 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is also "buy"

• Wall Street's median 12-month price target for United Parcel Service Inc is $113.00, about 10.1% above its last closing price of $101.58

This summary was machine generated from LSEG data July 29 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)