United Parcel Service Inc. ($UPS) Stock Forecast: Up 5.1% Today

What is United Parcel Service Inc.?

United Parcel Service (UPS) is a well-known delivery giant that provides a wide range of logistics services worldwide. The company's stock, listed on the NYSE under the ticker symbol UPS, experienced a strong bullish movement today.

Why is United Parcel Service Inc. going up?

UPS stock is up 5.1% on Oct 24, 2024 16:56

• UPS stock soared after the company reported better-than-expected third-quarter results, including a 5.6% year-over-year revenue growth to $22.2 billion, surpassing market expectations.
• The upbeat quarterly earnings and revenue figures contributed to the positive market sentiment towards UPS, leading to a significant increase in the stock price.
• Investor confidence in UPS was further boosted by the company beating Q3 earnings estimates, indicating a solid performance and potential growth prospects.
• The pending class action lawsuit reminder by legal firm may have caused some concerns among investors, but the overall positive financial results overshadowed these legal uncertainties, driving UPS stock higher.

UPS Price Chart

UPS Technical Analysis

UPS News

UPS Posts Upbeat Q3 Results, Joins Tesla, Celestica, Pool, T-Mobile And Other Big Stocks Moving Higher On Thursday - United Parcel Service ( NYSE:UPS )

U.S. stocks were mixed, with the Nasdaq Composite gaining around 100 points on Thursday. Shares of United Parcel Service, Inc. UPS rose during Thursday's session after the company reported better-than-expected quarterly EPS and sales.

https://www.benzinga.com/news/24/10/41521415/ups-posts-upbeat-q3-results-joins-tesla-celestica-pool-t-mobile-and-other-big-stocks-moving-higher-o

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https://stockmarket.com/featured/best-dividend-stocks-to-buy-in-october-2024-2-in-focus-2024-10-24

Delivery Giant UPS Breaks Revenue-Miss Streak After 10 Quarters, Stock Soars - United Parcel Service ( NYSE:UPS )

United Parcel Service Inc UPS shares are trading higher after the company reported better-than-expected third-quarter results. UPS reported consolidated revenue growth of 5.6% year-over-year to $22.2 billion, beating the consensus of $22.14 billion.

https://www.benzinga.com/news/earnings/24/10/41515619/delivery-giant-ups-breaks-revenue-miss-streak-after-10-quarters-stock-soars

United Parcel Service ( UPS ) Beats Q3 Earnings Estimates

UPS (UPS) delivered earnings and revenue surprises of 6.67% and 0.09%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2356484/united-parcel-service-ups-beats-q3-earnings-estimates

Faruqi & Faruqi Reminds UPS Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of December 9, 2024 - UPS - United Parcel Service ( NYSE:UPS )

Faruqi & Faruqi, LLP Securities Litigation Partner James ( Josh ) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In UPS To Contact Him Directly To Discuss Their Options

https://www.benzinga.com/pressreleases/24/10/g41490120/faruqi-faruqi-reminds-ups-investors-of-the-pending-class-action-lawsuit-with-a-lead-plaintiff-dead

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United Parcel Service Inc. Price History

24.09.2024 - UPS Stock was up 9.5%

• UPS broke its revenue-miss streak after 10 quarters, reporting better-than-expected third-quarter results, which led to a surge in its stock price.
• The company beat Q3 earnings estimates, indicating a positive outlook for its future performance.
• Despite the positive news, there is a pending class action lawsuit reminding investors of potential legal risks, which could create some uncertainty in the market.
• The bearish options activity by some investors contrasts with the overall bullish sentiment, suggesting a divergence in market expectations for UPS.

24.09.2024 - UPS Stock was up 5.1%

• UPS stock soared after the company reported better-than-expected third-quarter results, including a 5.6% year-over-year revenue growth to $22.2 billion, surpassing market expectations.
• The upbeat quarterly earnings and revenue figures contributed to the positive market sentiment towards UPS, leading to a significant increase in the stock price.
• Investor confidence in UPS was further boosted by the company beating Q3 earnings estimates, indicating a solid performance and potential growth prospects.
• The pending class action lawsuit reminder by legal firm may have caused some concerns among investors, but the overall positive financial results overshadowed these legal uncertainties, driving UPS stock higher.

26.02.2024 - UPS Stock was down 2.7%

• UPS stock experienced a decline today, despite favorable developments.
• The market response could be attributed to general market trends or investors capitalizing on recent profits.
• UPS's growth strategies and efficiency efforts presented during an investor event might not have met investor predictions.
• Despite plans for expansion in Asia and optimistic financial forecasts for 2026, these factors might not have outweighed the current negative market sentiment.

26.02.2024 - UPS Stock was down 7.1%

• UPS stock faced downward movement recently.
• The UPS CEO hinted at a shift towards automation, potentially bringing cost-saving benefits but also raising concerns about possible job reductions.
• Despite UPS forecasting revenue higher than expected, market reaction may have been affected by Canoo acquiring assets from bankrupt Arrival, creating challenges for EV manufacturers.
• Market dynamics could also be influenced by general industry trends and investor sentiment towards the logistics and transportation sector.

26.02.2024 - UPS Stock was down 8.5%

• The bearish movement in UPS stock today may be explained by several factors:
• UPS stock experienced a decline in response to short-term challenges, influenced by the S&P 500 closing in negative territory and a slowdown in the earlier market rally.
• CFRA's Stewart Glickman highlighted concerns about volume growth, which contributed to the stock's decrease.
• Investor worries may have been sparked by UPS CEO Carol Tom's remarks indicating a shift towards automation, potentially signaling concerns about disruptions and related costs.
• Despite UPS surpassing revenue projections, prevailing challenges and uncertainties likely outweighed positive news, resulting in the stock's bearish performance.

27.02.2024 - UPS Stock was down 8.5%

• UPS stock saw a sharp decline as the S&P 500 closed lower, with UPS emerging as the top decliner, suggesting specific hurdles for the company.
• Observers have noted UPS's struggle with volume growth as a possible factor behind its weak stock performance.
• Comments by UPS CEO Carol Tom about a shift towards automation might have sparked investor worries about costs and operational adjustments impacting the company's short-term profitability.
• Recent developments, such as Canoo acquiring assets from a bankrupt electric vehicle competitor, and the subsequent negative market reaction to GOEV stock, likely contributed to the prevailing bearish sentiment, potentially impacting UPS as well.

26.02.2024 - UPS Stock was down 7.3%

• Today, UPS experienced a strong bearish movement in the market, and here's why:
• Despite a price target increase to $164 and a Neutral rating, the market sentiment did not align with the positive outlook.
• Details of UPS's strategic growth and productivity initiatives shared at an investor and analyst conference could have raised expectations, leading to profit-taking.
• The overall bearish market movement could be influenced by broader economic factors or industry-specific challenges affecting UPS's performance.
• Investors might have reacted to recent market dynamics and news around other companies, causing a shift in sentiment towards UPS despite its growth plans and price target upgrade.

23.06.2024 - UPS Stock was down 13.5%

• UPS reported lower-than-expected Q2 earnings, falling short of both estimates, leading to a bearish movement in the stock.
• The sluggish freight demand highlighted in the earnings report likely contributed to the disappointing results, indicating potential challenges in the company's core business operations.
• The technical analysis mentioning support and resistance levels could have influenced traders to sell off UPS shares, exacerbating the stock's downward spiral.
• With the focus shifting towards upcoming earnings from Big Tech companies, investors may have redirected their attention away from UPS, causing the stock to plummet amidst broader market optimism.

23.06.2024 - UPS Stock was down 12.9%

• Lower-than-expected earnings per share (EPS) and revenue for the second quarter of 2024 were reported by UPS, missing analyst estimates by a significant margin.
• UPS saw profits drop over 30% from the previous year, resulting in a sharp decline in its stock price.
• The disappointing performance could be attributed to a modest decline in revenues and a double-digit decrease in adjusted profits during the quarter.
• The market reacted negatively to UPS's Q2 earnings report, causing the stock to dive as investors adjusted their expectations based on the company's underwhelming financial results.

23.06.2024 - UPS Stock was down 12.4%

• UPS stock experienced a strong bearish movement today following the release of its second-quarter financial performance.
• The company reported a significant drop in profits of over 30% compared to the same quarter last year, missing estimates.
• UPS also reported a decline in revenue by 1.2% year-on-year, falling short of expectations.
• The downward trend in UPS stock can be attributed to the disappointing financial results and the company's revised guidance for the year, reflecting ongoing struggles in the shipping demand.

23.06.2024 - UPS Stock was down 13.5%

• Experienced a strong bearish movement today.
• The company's earnings call for the second quarter of 2024 might have revealed disappointing results or guidance, leading to investor concerns.
• Customers trading down to UPS's "economy" service could indicate potential revenue challenges for the company.
• The negative impact of missing earnings and cutting guidance, as mentioned by CEO Jenny Harrington, likely contributed to the bearish trend in UPS's stock price.

23.06.2024 - UPS Stock was down 13.5%

• UPS stock dropped by 12.4% due to missing earnings per share and revenue estimates for the second quarter of 2024, indicating a disappointing outcome.
• The company revised its margin outlook for 2024 to approximately 9.4%, below the initial range of 10%-10.6%, intensifying the negative sentiment towards UPS shares.
• UPS's underwhelming performance, coupled with anticipated tech earnings from companies like Alphabet and Tesla, influenced a decline in the Dow Jones Transport Average by 1.5%.
• Despite an uptick in U.S. equities overall, UPS stood out as a major downward mover, underscoring the importance of meeting investor expectations in a fiercely competitive market setting.