Earnings Preview: UPS - Google BY THE NUMBERS: Analysts polled by Thomson Reuters, on average, expect UPS to post a profit of 52 cents a share on revenue of $11.2 billion. Analysts' projections generally exclude one-time items. The company posted a net profit of $970 million, or 96 cents a share, in the third quarter of 2008 on sales of $13.11 billion. ANALYST TAKE: JP Morgan analyst Thomas R. Wadewitz said in a research note last month that his firm believed that UPS was being viewed as having less operating leverage and that perception had been a major driver of the underperformance in UPS stock versus most of its industry peers in 2009 to that point. "In our view, UPS stock has lagged too much, and the stock does not reflect the boost a turn in the U.S. economy would provide to UPS earnings performance and to the stock," he wrote. The analyst said he believes that gradual improvement in parcel/express volumes is likely.