UPS Releases 1Q 2024 Earnings
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UPS (UPS) PT Raised to $160 at BofA Securities
April 24, 2024 5:34 AM EDTBofA Securities analyst Ken Hoexter raised the price target on UPS (NYSE: UPS) to $160.00 (from $157.00) while maintaining a Neutral rating.
The analyst comments "UPS posted 1Q24 adj. EPS of $1.43, down 35% year-year, yet above our $1.24 target and Streets $1.30. Core 1Q24 results exceeded UPS lowered 1Q outlook provided at its March 26 Analyst Day, as it posted adj operating income of... More
UPS Q1 earnings top consensus expectations despite revenue dip
April 23, 2024 6:32 AM EDTUPS (NYSE: UPS) reported a resilient first quarter in 2024, with both earnings and revenue surpassing Wall Street estimates, despite a YoY decline. The company's stock responded positively, rising 2.5% as investors welcomed the better-than-expected results.
For the first quarter, UPS announced adjusted earnings per share (EPS) of $1.43, which was $0.12 higher than the analyst consensus of $1.31. Revenue reached $21.7 billion, slightly below the consensus estimate of $21.84 billion but down 5.3% from... More
