Why UPS (UPS) Could Beat Earnings Estimates Again


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Why UPS (UPS) Could Beat Earnings Estimates Again - NASDAQ

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering United Parcel Service (UPS), which belongs to the Zacks Transportation - Air Freight and Cargo industry.

This package delivery service has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 9.41%.

For the most recent quarter, UPS was expected to post earnings of $2.52 per share, but it reported $2.71 per share instead, representing a surprise of 7.54%. For the previous quarter, the consensus estimate was $2.75 per share, while it actually produced $3.06 per share, a surprise of 11.27%.