United Parcel Service UPS reported fourth-quarter 2019 earnings per share (on an adjusted basis) of $2.11 per share, surpassing the Zacks Consensus Estimate by a penny. Earnings increased on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for UPS depicted a stable picture prior to the earnings release. The Zacks Consensus Estimate for fourth-quarter earnings remained stagnant over the past 60 days
Prior to the earnings beat in the fourth-quarter, the company delivered positive surprises in three of the last four quarters. The average earnings beat was 0.4%.
United Parcel Service, Inc. Price and EPS Surprise
Revenues LowerThan Expected
UPS recorded operating revenues of $20,568 million, which missed the Zacks Consensus Estimate of $20,578.5 million. Revenues, however, increased year over year.
Key Stats to Note: The package delivery company expects 2020 adjusted earnings per share between $7.76 and $8.06. The Zacks Consensus Estimate for 2019 currently stands at $7.98 per share. Adjusted free cash flow is expected to be between $4.3 billion and $4.7 billion for the current year. Effective tax rate is expected between 22.5% and 23.5% for 2020.
Zacks Rank: Currently, UPS carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank stocks here.
Check back later for our full write up on this UPS earnings report later!
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