UPS Climbs as High End of Forecast Tops Analysts' Estimates

cheryl

I started this.
Staff member
UPS Climbs as High End of Forecast Tops Analysts' Estimates - Bloomberg

United Parcel Service Inc. rose after forecasting 2016 profit that could far exceed analysts’ expectations.

Adjusted earnings will climb to $5.70 to $5.90 a share this year, the package-delivery giant projected Tuesday in a statement. That compared with an average analyst prediction of $5.73, according to data compiled by Bloomberg.

“Investors were anticipating a rather subdued outlook,” said BB&T Capital Markets analyst Kevin Sterling. “I think they’ve got a better handle on peak. I think they’re pricing that business right.”
 

ups1990

Well-Known Member
And yet, as of right now, we're not getting much love from Wall Street. I thought our stock would rise a little higher than the current 94.53.
 
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