UPS earnings: Guiding lower to clear a ‘low bar’? - Marketwatch
It’s beginning to look a lot like peak holiday season already
When United Parcel Service Inc. reports third-quarter earnings on Thursday, investors can’t say they weren’t warned.
“Earnings per share should be relatively flat when compared with last year,” UPS Chief Financial Operator Richard Peretz told analysts last quarter, as he gave guidance for the rest of the year. UPS expects the roll-off of 2016 tax benefits, currency headwinds, and one less calendar day in the quarter to all take a toll.
But as Seaport Global Securities analyst Kevin Sterling told MarketWatch, for UPS, the third quarter is just prelude to the key peak holiday season. That’s “their Super Bowl,” Sterling said.
It’s beginning to look a lot like peak holiday season already
When United Parcel Service Inc. reports third-quarter earnings on Thursday, investors can’t say they weren’t warned.
“Earnings per share should be relatively flat when compared with last year,” UPS Chief Financial Operator Richard Peretz told analysts last quarter, as he gave guidance for the rest of the year. UPS expects the roll-off of 2016 tax benefits, currency headwinds, and one less calendar day in the quarter to all take a toll.
But as Seaport Global Securities analyst Kevin Sterling told MarketWatch, for UPS, the third quarter is just prelude to the key peak holiday season. That’s “their Super Bowl,” Sterling said.
