Why the Earnings Surprise Streak Could Continue for UPS (UPS) - Zachs
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? United Parcel Service, which belongs to the Zacks Transportation - Air Freight and Cargo industry, could be a great candidate to consider.
This package delivery service has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 0.85%.
For the last reported quarter, UPS came out with earnings of $1.94 per share versus the Zacks Consensus Estimate of $1.92 per share, representing a surprise of 1.04%. For the previous quarter, the company was expected to post earnings of $1.54 per share and it actually produced earnings of $1.55 per share, delivering a surprise of 0.65%.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? United Parcel Service, which belongs to the Zacks Transportation - Air Freight and Cargo industry, could be a great candidate to consider.
This package delivery service has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 0.85%.
For the last reported quarter, UPS came out with earnings of $1.94 per share versus the Zacks Consensus Estimate of $1.92 per share, representing a surprise of 1.04%. For the previous quarter, the company was expected to post earnings of $1.54 per share and it actually produced earnings of $1.55 per share, delivering a surprise of 0.65%.
