UPS (UPS) Down 8.8% Since Last Earnings Report: Can It Rebound? - Yahoo It has been about a month since the last earnings report for United Parcel Service (UPS). Shares have lost about 8.8% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is UPS due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.