United Parcel Service will report earnings Tuesday before the bell, with analysts expecting revenue to grow 3.1% year on year, reversing a 2.7% decline in the same quarter last year. The company beat revenue expectations last quarter with $21.2 billion, down 1.6% year on year, and also surpassed EPS estimates. Analysts have largely maintained their estimates over the past 30 days, though UPS has missed Wall Street revenue estimates multiple times over the last two years. Peers FedEx and Knight-Swift Transportation recently reported year-on-year revenue growth of 12.5% and 12.6%, respectively, both beating expectations. UPS shares are up 6.1% over the past month, with an average analyst price target of $115.04 compared to the current share price of $114.71.
United Parcel Service IncUPS is about to report earnings; analysts expect revenue growth, but past misses and current price near target make impact uncertain.
FedEx Corporation
Knight Transportation Inc