Posted 12/28/2023, 11:00:20 PM
UPS Stock Rises Slightly Despite Expected Earnings Drop in 2023
- UPS stock recently outpaced S&P 500 and Dow gains, rising 0.3% vs 0.04% and 0.14% respectively
- UPS shares up 2.99% over past month, underperforming sector and market
- UPS expected to report Q4 earnings per share of $2.45 on Jan 30, a 32.32% annual decline
- For full year 2023, UPS earnings and revenue estimated to drop 32.15% and 8.89% respectively
- UPS stock currently rated a Zacks Rank #3 (Hold) with a forward P/E ratio of 17.86 vs industry 16.02