United Parcel Service, Inc. (UPS) first-quarter 2024 earnings per share of $1.43 beat the Zacks Consensus Estimate of $1.33 however declined 35% 12 months over 12 months. Revenues of $21,706 million fell in need of the Zacks Consensus Estimate of $21,960.6 million and decreased 5.3% 12 months over 12 months.
United Parcel Service, Inc. Worth, Consensus and EPS Shock
United Parcel Service, Inc. price-consensus-eps-surprise-chart | United Parcel Service, Inc. Quote
UPS generated $3,316 million of web money from working actions within the first quarter. Capital expenditures have been $1,035 million. Free money circulate was $2,280 million.
U.S. Home Package deal revenues decreased 5% 12 months over 12 months to $14,234 million, attributable to a3.2% lower in common each day quantity. The precise determine was decrease than our estimate of $14,595 million. Segmental working revenue (adjusted) plunged 43.6% 12 months over 12 months to $839 million. The adjusted working margin for the phase was 5.9%.
Revenues on the Worldwide Package deal division summed $4,256 million, down 6.3% 12 months over 12 months. The downfall was attributable to a 5.8% lower in common each day quantity. The precise determine was decrease than our estimate of $4,425.2 million. Segmental working revenue (adjusted) totaled $682 million, down 15.4% 12 months over 12 months. The adjusted working margin for the phase was 16%.
Provide Chain Options revenues of $3,216 million fell 5.3% 12 months over 12 months attributable to market charge declines in forwarding.The precise determine was larger than our estimate of $3,042.6 million. Working revenue (on an adjusted foundation) tumbled 12.4% to $226 million. The adjusted working margin for the phase was 7%.
2024 Outlook
For 2024, UPS continues to anticipate revenues within the vary of $92-$94.5 billion and consolidated adjusted working margin to lie between 10% and 10.6%.
Capital expenditures are nonetheless anticipated to be round $4.5 billion.
At the moment, UPS carries a Zacks Rank #3 (Maintain). You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Different Transportation Corporations
Delta Air Strains DAL reported first-quarter 2024 earnings (excluding 39 cents from non-recurring objects) of 45 cents per share, which comfortably beat the Zacks Consensus Estimate of 36 cents. Earnings elevated 80% on a year-over-year foundation.
Revenues of $13.75 billion surpassed the Zacks Consensus Estimate of $12.84 billion and elevated 7.75% on a year-over-year foundation, pushed by sturdy air-travel demand. Adjusted working revenues (excluding third-party refinery gross sales) got here in at $12.56 billion, up 6% 12 months over 12 months.
United Airways Holdings, Inc. (UAL)reported first-quarter 2024 loss per share (excluding 23 cents from non-recurring objects) of 15 cents, which was narrower than the Zacks Consensus Estimate lack of 53 cents. Within the year-ago reported quarter, UAL reported a lack of 63 cents per share.
Working revenues of $12,539 million beat the Zacks Consensus Estimate of $12,428.4 million. The highest line elevated 9.7% 12 months over 12 months attributable to upbeat air-travel demand. This was pushed by a ten.1% rise in passenger revenues (accounting for 90.2% of the highest line) to $11,313 million. Nearly 39,325 passengers traveled on UAL flights within the first quarter, up 6.8% 12 months over 12 months.
J.B. Hunt Transport Providers, Inc.’s JBHT first-quarter 2024 earnings of $1.22 per share missed the Zacks Consensus Estimate of $1.53 and declined 35.5% 12 months over 12 months.
JBHT’s complete working revenues of $2,944 million missed the Zacks Consensus Estimate of $3,117.1 million and fell 8.8% 12 months over 12 months. Whole working revenues, excluding gasoline surcharge income, fell 7% 12 months over 12 months. The downfall was owing to a 9% lower in phase gross income per load in each Intermodal (JBI) and Truckload (JBT), 22% fewer masses in Built-in Capability Answer (ICS), and a modest decline in common vehicles and productiveness in Devoted Contract Providers (DCS). Income declines in JBI, ICS, JBT and DCS have been partially offset by Remaining Mile Providers (FMS) income development of two%, primarily pushed by new contracts applied over the previous 12 months.
High 5 Dividend Shares for Your Retirement
Zacks targets 5 well-established corporations with strong fundamentals and a historical past of elevating dividends. Extra importantly, they’ve the assets and can to possible pay them sooner or later.
Click on now for a Particular Report filled with unconventional knowledge and insights you merely gained’t get out of your neighborhood monetary planner.
See our Top 5 now – the report is FREE >>
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report
United Parcel Service, Inc. (UPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
