What You Need To Know Ahead of UPS Earnings
· InvestopediaKey Takeaways
- UPS is slated to report third-quarter earnings before the market opens Thursday.
- The shipping giant is expected to post year-over-year revenue and net income growth.
- Investors will be watching for updates on shipping volume and potential adjustments to the company's full-year outlook.
United Parcel Service (UPS) will report third-quarter earnings before the market opens Thursday, and analysts are expecting year-over-year growth on the top and bottom lines.
The global shipping giant is expected to produce revenue of $21.96 billion, up 4% from $21.06 billion a year ago. Net income is projected at $1.36 billion, or $1.59 per share, up from $1.13 billion and $1.31 per share.
| Analysts' Estimates for Q3 2024 | Q2 2024 | Q3 2023 | |
| Revenue | $21.96 billion | $21.82 billion | $21.06 billion |
| Earnings Per Share | $1.59 | $1.65 | $1.31 |
| Net Income | $1.36 billion | $1.41 billion | $1.13 billion |