United Parcel Service: Results for the second quarter of 2024: Expectations not met
United Parcel Service (NYSE:UPS) Second Quarter 2024 Results
Key financial results
- Revenue: $21.8 billion (down 1.1% from Q2 2023).
- Net profit: $1.41 billion (32% less than Q2 2023).
- Profit margin: 6.5% (compared to 9.4% in Q2 2023). The margin decrease was mainly due to higher expenses.
- Earnings per share: $1.65 (compared to $2.42 in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
United Parcel Service’s sales and profits miss expectations
Sales fell short of analysts’ estimates by 1.9%. Earnings per share (EPS) also fell short of analysts’ estimates by 16%.
An average sales growth of 5.1% per annum is expected for the next three years. Growth of 5.2% is forecast for the logistics industry in the USA.
Performance of American logistics industry.
The company’s shares fell 1.7 percent compared to the previous week.
Risk analysis
Find out about the 3 warning signs We spotted it at United Parcel Service (including 1 that can’t be ignored).
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