What was UPS's Q3 revenue?

UPS reported a consolidated revenue of $21.4 billion for Q3, exceeding analyst estimates.

How is UPS stock performing recently?

UPS stock has gained 9.4% over the past three months and is trading above its 50-day moving average.

What is the analyst outlook for UPS?

Analysts have a 'Moderate Buy' consensus rating for UPS, with a mean price target suggesting an 8.9% upside.

Home / Business and Economy / UPS Stock Beats S&P Transportation ETF Despite 52-Week Drop

UPS Stock Beats S&P Transportation ETF Despite 52-Week Drop

29 Nov

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Summary

UPS stock has gained 9.4% in the last three months, outperforming XTN.
Q3 revenue exceeded analyst estimates by 2.9%, reaching $21.4 billion.
Analysts maintain a 'Moderate Buy' rating with a price target 8.9% higher.

UPS Stock Beats S&P Transportation ETF Despite 52-Week Drop

United Parcel Service (UPS), a prominent logistics company valued at $81.2 billion, has demonstrated recent resilience. Over the past three months, UPS shares have climbed 9.4%, outperforming the broader SPDR S&P Transportation ETF (XTN). This recent positive momentum is further supported by the stock trading above its 50-day moving average since mid-October.

Despite a 29.1% year-over-year decrease, UPS reported a stronger-than-expected third quarter. Consolidated revenue reached $21.4 billion, exceeding analyst estimates by 2.9%. The company also surpassed Wall Street's expectations for adjusted earnings per share, reporting $1.74 compared to an estimated $1.31, even as this figure represented a slight year-over-year dip.

Looking ahead, analysts hold a moderately optimistic view on UPS, with a consensus 'Moderate Buy' rating. The average price target from 30 analysts suggests a potential 8.9% increase from current trading levels, indicating confidence in the company's future prospects within the integrated freight and logistics sector.