United Parcel Service Meets on Revenues, Misses on EPS
United Parcel Service (NYS: UPS) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), United Parcel Service met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share grew.
Margins improved across the board.
United Parcel Service reported revenue of $13.14 billion. The 17 analysts polled by S&P Capital IQ looked for revenue of $13.26 billion on the same basis. GAAP reported sales were 4.4% higher than the prior-year quarter's $12.58 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.00. The 21 earnings estimates compiled by S&P Capital IQ averaged $1.02 per share. GAAP EPS of $1.00 for Q1 were 14% higher than the prior-year quarter's $0.88 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 23.0%, 40 basis points better than the prior-year quarter. Operating margin was 11.9%, 50 basis points better than the prior-year quarter. Net margin was 7.4%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $13.73 billion. On the bottom line, the average EPS estimate is $1.18.
Next year's average estimate for revenue is $55.84 billion. The average EPS estimate is $4.84.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,544 members out of 1,754 rating the stock outperform, and 210 members rating it underperform. Among 454 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 412 give United Parcel Service a green thumbs-up, and 42 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on United Parcel Service is outperform, with an average price target of $89.22.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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