United Parcel Service Inc. Earnings Cheat Sheet: Positive Earnings Streak

S&P 500 (NYSE:SPY) component United Parcel Service Inc. (NYSE:UPS) reported its results for the third quarter. United Parcel Service offers services in the package and freight delivery industry.

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

United Parcel Service Earnings Cheat Sheet for the Third Quarter

Results: Net income for the air delivery and freight services company rose to $1.04 billion ($1.06 per share) vs. $991 million (99 cents per share) in the same quarter a year earlier. This marks a rise of 5.1% from the year earlier quarter.

Revenue: Rose 8% to $13.17 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: UPS was about in line with expectations as the mean analyst estimate of $1.05 per share. It fell exactly in line with the average revenue estimate of $13.17 billion.

Quoting Management: “UPS produced another solid quarter of earnings growth against the backdrop of a deceleration in exports from Asia and a challenging global economic environment,” said Scott Davis, UPS chairman and CEO. “The resilience of our global model was evident during the quarter and we remain confident in our ability to perform in both good and bad economies.”

Key Stats:

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 25.8% and in the first quarter, the figure rose 66%.

The company has now topped analyst estimates for the last four quarters. It beat the mark by one cent in the second quarter, by 3 cents in the first quarter, and by 3 cents in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 8.1% to $13.19 billion in the second quarter. The figure rose 7.3% in the first quarter from the year earlier and climbed 8.4% in the fourth quarter of the last fiscal year from the year-ago quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the fourth quarter has moved down from $1.30 a share to $1.26 over the last ninety days. The average estimate for the fiscal year is $4.24 per share, down from $4.34 ninety days ago.

Competitors to Watch: FedEx Corporation (NYSE:FDX), Air Transport Services Group Inc. (NASDAQ:ATSG) and Air T, Inc. (NASDAQ:AIRT).

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

(Source: Xignite Financials)

 

More from The Cheat Sheet