UPS earnings: What to expect from the package-delivery giant

📆 25/10/2023 20:02:00
📰 MarketWatch

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UPS’s stock sank to a three-year low the day before earnings are due, setting a low bar for company to appease investors

United Parcel Service Inc. is due to report third-quarter results early Thursday, well ahead of the opening bell.

“lthough we believe that UPS will be successful in winning back most lost share from , the pricing backdrop may be more challenging given ongoing macro headwinds and a more competitive landscape,” Evercore ISI analyst Jonathan Chappell wrote in a recent note to clients. Wetherbee said expectations are now “substantially lower,” and consensus estimates now seem to be “fairly well calibrated.”

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