United Parcel Service reported first quarter earnings that surpassed expectations.
The delivery company’s adjusted net income came in at $5.47 a share, vs. an adjusted loss of -$2.87 a share in the year-ago quarter. Analysts polled by FactSet had expected earnings of $1.72 a share.
Revenue surged +27% from the year-ago period to $22.9 billion, also beating analysts’ expectation of $20.49 billion.
The company’s revenue in its U.S. domestic unit rose 22.3%, led by growth from small- and medium-sized businesses.
UPS has been benefitting from increased online deliveries as consumers staying at home during the pandemic order various items on digital platforms. It is also delivering COVID-19 vaccines.
“During the quarter, we continued to execute our strategy under the better not bigger framework, which enabled us to win the best opportunities in the market and drove record financial results,” CEO Carol Tome said in a statement.
Citing “continued economic uncertainty”, the company did not provide any projection for 2021 revenue or diluted earnings per share.
UPS saw its Momentum Indicator move below the 0 level on April 12, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 92 similar instances where the indicator turned negative. In of the 92 cases, the stock moved further down in the following days. The odds of a decline are at .
The 10-day RSI Indicator for UPS moved out of overbought territory on March 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 28 similar instances where the indicator moved out of overbought territory. In of the 28 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for UPS turned negative on March 26, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
UPS moved below its 50-day moving average on April 12, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for UPS crossed bearishly below the 50-day moving average on April 15, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UPS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UPS advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .
UPS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 213 cases where UPS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.278) is normal, around the industry mean (19.997). P/E Ratio (18.926) is within average values for comparable stocks, (23.454). Projected Growth (PEG Ratio) (1.752) is also within normal values, averaging (10.503). Dividend Yield (0.044) settles around the average of (0.037) among similar stocks. P/S Ratio (1.396) is also within normal values, averaging (1.265).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. UPS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of global package delivery and supply chain management solutions
Industry AirFreightCouriers