La catena delle opzioni mostra i dati chiave delle opzioni azionarie di United Parcel Service a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per United Parcel Service..

United Parcel Service (NYSE:UPS) Azioni, Catena delle Opzioni

United Parcel Service

As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic US package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder. UPS is currently pursuing "strategic alternatives" for its truck brokerage unit, Coyote, which it acquired in 2015.

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Oppenheimer analyst Scott Schneeberger maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Outperform and raises the price target from $140 to $146.

News

Price Target

Analyst Ratings

Oppenheimer Maintains Outperform on United Parcel Service, Raises Price Target to $146

UBS analyst Thomas Wadewitz maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Buy and raises the price target from $159 to $170.

UBS Maintains Buy on United Parcel Service, Raises Price Target to $170

10 analysts have shared their evaluations of United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $145.6, with a high estimate of $162.00 and a low estimate of $120.00. Witnessing a positive shift, the current average has risen by 4.46% from the previous average price target of $139.38.
<img src="https://www.benzinga.com/files/images/story/2024/1729879279_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of United Parcel Service's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ken Hoexter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$150.00</td>
<td>$132.00</td>
</tr>
<tr>
<td>Brian Ossenbeck</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$139.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>J. Bruce Chan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$156.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$140.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Jonathan Chappell</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$141.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Brandon Oglenski</td>
<td>Barclays</td>
<td>Maintains</td>
<td>Underweight</td>
<td>$120.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Christian Wetherbee</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$142.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>Matt Reustle</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$162.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Ariel Rosa</td>
<td>Citigroup</td>
<td>Announces</td>
<td>Buy</td>
<td>$162.00</td>
<td>-</td>
</tr>
<tr>
<td>Jason Seidl</td>
<td>TD Cowen</td>
<td>Announces</td>
<td>Hold</td>
<td>$144.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to United Parcel Service. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of United Parcel Service compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of United Parcel Service's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of United Parcel Service's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/UPS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on United Parcel Service analyst ratings.</a>
<h2>Get to Know United Parcel Service Better</h2>
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic US package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder. UPS is currently pursuing "strategic alternatives" for its truck brokerage unit, Coyote, which it acquired in 2015.
<h3>Unraveling the Financial Story of United Parcel Service</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Decline in Revenue: Over the 3 months period, United Parcel Service faced challenges, resulting in a decline of approximately -1.07% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: United Parcel Service's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.46% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): United Parcel Service's ROE excels beyond industry benchmarks, reaching 8.3%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): United Parcel Service's ROA excels beyond industry benchmarks, reaching 2.06%. This signifies efficient management of assets and strong financial health.
Debt Management: United Parcel Service's debt-to-equity ratio is below the industry average at 1.55, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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Beyond The Numbers: 10 Analysts Discuss United Parcel Service Stock

B of A Securities analyst Ken Hoexter maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Neutral and raises the price target from $132 to $150.

B of A Securities Maintains Neutral on United Parcel Service, Raises Price Target to $150

United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) Thursday reported its <a href="https://www.benzinga.com/news/earnings/24/10/41515619/delivery-giant-ups-breaks-revenue-miss-streak-after-10-quarters-stock-soars">first revenue beat in 10 quarters</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<ul>
<li>Stifel <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5af2e4afca26bd0001e8b287/j.-bruce%20chan">analyst Bruce Chan</a> maintained a Buy rating, while lifting the price target from $151 to $156.</li>
<li>Bank of America Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ad9358b85e930001f9718a/ken-hoexter">analyst Ken Hoexter</a> reiterated a Neutral rating, while raising the price target from $132 to $150.</li>
<li>Goldman Sachs <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e8b4e0e1e7bd60001d9d07b/jordan-alliger">analyst Jordan Alliger</a> reaffirmed a Buy rating, while lifting the price target from $162 to $167.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Stifel: UPS generated revenues of $14.4 billion, up 5.8% year-on-year and "outperformed our model on better volume growth (6.5% vs. 5.0% est) and relatively in-line yield growth," Chan said in a note. Adjusted earnings came in at $1.76 per share, beating Street expectations of $1.63 per share, he added.
"U.S. Domestic was a standout, with better volume growth on in-line rev/piece and better cost controls driving margin upside," while International remained under pressure, the analyst wrote. Management indicated "a profitability and margin inflection" in the back half of 2024 and the company's margin outlook appears "incrementally better," he further stated.
Bank of America Securities: The company's earnings grew by 12% year-on-year, "as UPS countered mix pressure through dynamic pricing, cost management initiatives, and growth in average daily volume (ADV), with higher-margin business-to-business (B2B) volume up year-year for the first time in two years," Hoexter said.
UPS Service indicated that its Fit to Serve program, which resulted in 12,000 management job cuts for projected savings of $1 billion in 2024, is tracking ahead of target, he added.
Management lowered their revenue guidance from $93 billion to $91.1 billion. Around $700 million of that is due to the sale of Coyote Logistics. The company raised its operating margin target for 2024 from 9.4% to 9.6%, let by cost cutting initiatives, he further mentioned.
Goldman Sachs: UPS's total EBIT (earnings before interest and taxes) came in around 6% above estimated, "as relatively inline revenues were more than offset by stronger than expected Domestic margin," Alliger said. Given the "tough 18 months or so," the company's outperformance and solid outlook for the rest of the year "should be a positive catalyst for investors," he added.
Manufacturing and B2B need to recover for the uncertainty around UPS's earnings to subside and the consumer demand environment needs to strengthen, the analyst stated. He added, however, that domestic margin pushing above forecasts is encouraging, "at least for the time being."
Price Action: Shares of UPS had risen by 0.3% to $138.75 at the time of publication on Friday.
Read More: 
<ul>
<li><a href="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">UPS Posts Upbeat Q3 Results, Joins Tesla, Celestica, Pool, T-Mobile And Other Big Stocks Moving Higher On Thursday</a></li>
</ul>
Image: Shutterstock

Analyst Color

Earnings Beats

Reiteration

Movers

Trading Ideas

UPS Posts Q3 Beat, Cuts Revenue Outlook: 'Manufacturing Needs To Recover For Uncertainty To Subside,' Analyst Says

JP Morgan analyst Brian Ossenbeck maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Neutral and lowers the price target from $140 to $139.

JP Morgan Maintains Neutral on United Parcel Service, Lowers Price Target to $139

Stifel analyst J. Bruce Chan maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Buy and raises the price target from $151 to $156.

Stifel Maintains Buy on United Parcel Service, Raises Price Target to $156

Susquehanna analyst Bascome Majors maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Neutral and raises the price target from $135 to $140.

Susquehanna Maintains Neutral on United Parcel Service, Raises Price Target to $140

Tech stocks outperformed on Thursday, driven by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which skyrocketed 18% in midday trading following stronger-than-<a href="https://www.benzinga.com/news/24/10/41515376/tesla-to-rally-more-than-24-here-are-10-top-analyst-forecasts-for-thursday">expected quarterly financial results. </a>
The electric vehicle giant is on track for its best session since March 2021.
Despite Tesla&#8217;s spectacular rally, broader market sentiment remained cautious, reflecting recent trends of subdued risk appetite.
In macroeconomic news, weekly jobless claims dropped significantly, coming in below expectations and suggesting ongoing resilience <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41517353/jobless-claims-fall-more-than-expected-continuing-benefits-surge-to-nearly-3-year-h">in the labor market. </a>
Meanwhile, private sector activity surveys revealed better-than-expected conditions in both services and manufacturing this month and a further <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41520604/us-private-sector-growth-remains-strong-in-october-price-pressures-now-consistent">reduction in price pressures. </a>
Both the S&amp;P 500 and Russell 2000 traded flat, while the Dow Jones fell 0.6%. The consumer discretionary sector led gains, heavily influenced by Tesla's stellar performance.
The U.S. dollar softened slightly, and Treasury yields edged lower, easing pressure on gold. The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) rose 0.6%.
Oil prices dropped 1%, heading for a second consecutive day of losses. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) gained 1.8%. 
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,164.58</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,796.37</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,207.55</td>
<td>0.0% </td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,259.72</td>
<td>-0.6% </td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) flattened at $577.32.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.7% to $422.33.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.4% to $489.81.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.1% down to $218.88.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up by 2.5%, predominately affected by Tesla. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to earnings results include: 
<ul>
<li>T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), up over 4%, </li>
<li>International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), down over 6%,</li>
<li>ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), up over 5%,</li>
<li>Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), up 3.8%,</li>
<li>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), down over 9%,</li>
<li>United Rentals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), down 2%,</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), up 1.3%,</li>
<li>Raymond James Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>), up over 7%,</li>
<li>S&amp;P Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>), down 2.4%,</li>
<li>Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>), down 5%, </li>
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), down 4.4%, </li>
<li>KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), up 3.4%, </li>
<li>United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), up 5.1%, </li>
<li>Carrier Global Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>), down 7%, </li>
<li>Nasdaq Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>), up 1.6%, </li>
<li>Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>), up 0.7%, </li>
<li>CBRE Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) up by over 9%, </li>
<li>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), down 1.1%,</li>
</ul>
<ul>
<li>Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) dropped over 3%, despite posting better-than-expected results and reaching a deal with Elliott Investment Management on the board&#8217;s composition. However, the CEO warned of potential delivery delays due to Boeing Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) ongoing machinist strike.</li>
</ul>
Large-cap companies slated to report results after the close include Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Ameriprise Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>), Edward Lifesciences Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>), ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>), DexCom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>), and Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>). 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41515619/delivery-giant-ups-breaks-revenue-miss-streak-after-10-quarters-stock-soars">Delivery Giant UPS Breaks Revenue-Miss Streak After 10 Quarters, Stock Soars</a></li>
</ul>
Image created using artificial intelligence via MidJourney .

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Tech Stocks Rebound, Tesla Marks Best 1-Day Gain Since March 2021, Gold Rises As Treasury Yields Ease: What's Driving Markets Thursday?

U.S. stocks were mixed, with the Nasdaq Composite gaining around 100 points on Thursday.
Shares of United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) rose during Thursday's session after the company reported <a href="https://www.benzinga.com/news/earnings/24/10/41515619/delivery-giant-ups-breaks-revenue-miss-streak-after-10-quarters-stock-soars">better-than-expected quarterly EPS and sales.</a>
UPS reported consolidated revenue growth of 5.6% year-over-year to $22.2 billion, beating the consensus of $22.14 billion. Adjusted EPS was $1.76, up 12.1% YoY, above the consensus of $1.63.
United Parcel Service shares jumped 5% to $137.93 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) shares jumped 31.6% to $6.82 after the company said it has begun producing low volumes of its first B-sample cells and has begun shipping cells for automotive customer testing.</li>
<li>Molina Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) gained 22.8% to $337.89 after the company reported better-than-expected third-quarter financial results.</li>
<li>West Pharmaceutical Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>) climbed 20.7% to $345.82 after the company reported better-than-expected third-quarter financial results and raised its FY24 guidance above estimates. Also, the company increased its fourth-quarter dividend.</li>
<li>Viking Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) gained 18.7% to $71.65 after the company reported better-than-expected third-quarter EPS results.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) gained 17.7% to $14.67 after the company reported better-than-expected third-quarter financial results.</li>
<li>American Coastal Insurance Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) surged 16.8% to $12.09 after the company provided updates on hurricane loss amounts and announced it expects a positive net income for the third quarter.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gained 16.5% to $248.93 following better-than-expected quarterly earnings.</li>
<li>Celestica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) climbed 15.6% to $66.48 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.</li>
<li>Zai Lab Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZLAB#NASDAQ">ZLAB</a>) gained 15.2% to $33.33 after the company presented data from its ongoing Phase 1a/1b study of ZL-1310 for previously treated extensive-stage small cell lung cancer at the EORTC-NCI-AACR Symposium 2024.</li>
<li>Pegasystems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) gained 14.2% to $79.66.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) surged 13.2% to $29.72 after the company announced it bagged a contract with the Space Development Agency as the prime contractor to the US Government.</li>
<li>ADT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) gained 11.2% to $7.70 after the company reported better-than-expected third-quarter financial results and issued FY24 adjusted EPS above estimates.</li>
<li>Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) rose 10% to $109.18 following a third-quarter EPS beat and guidance above consensus estimates.</li>
<li>Plexus Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) rose 9.9% to $149.00 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gained 9.9% to $12.00 after Keybanc maintained an Overweight rating on the stock and raised its price target from $11 to $12.</li>
<li>CBRE Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NASDAQ">CBRE</a>) gained 9.7% to $135.12 after the company reported better-than-expected third-quarter financial results and raised its FY24 adjusted EPS guidance above estimates.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) rose 8.2% to $629.72 following upbeat quarterly earnings.</li>
<li>Labcorp Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LH#NYSE">LH</a>) gained 7.6% to $236.52 following strong quarterly earnings.</li>
<li>Pool Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POOL#NASDAQ">POOL</a>) gained 7.5% to $377.11 following strong quarterly sales.</li>
<li>T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) gained 4.1% to $230.00 after the company reported better-than-expected third-quarter financial results and raised its FY24 guidance.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41516316/jim-cramer-says-he-would-not-buy-this-health-care-stock-at-this-level-wait-for-a-pullbac">Jim Cramer Says He Would Not Buy This Health Care Stock At This Level: &#8216;Wait For A Pullback&#8217;</a></li>
</ul>

Intraday Update

Markets

ACIC

ASTS

Laboratory Corporation Of America Holdings

PEGA

PLXS

POOL

RKLB

VKTX

ZLAB

UPS Posts Upbeat Q3 Results, Joins Tesla, Celestica, Pool, T-Mobile And Other Big Stocks Moving Higher On Thursday

WIIM

United Parcel Service shares are trading higher after the company reported better-than-expected Q3 financial results.

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>BA</li>
<li>QQQ</li>
<li>DJT</li>
<li>LOT</li>
<li>MCD</li>
<li>UPS</li>
<li>AI</li>
<li>AAPL</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

AAPL

NVDA

Top 10 Trending Stocks On WallStreetBets As Of October 24, 2024 (Via Swaggy Stocks)

Guidance

United Parcel Service CEO UPS Says Shippers Have Tempered Volume Expectations For Year-end Holidays

United Parcel Service Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) shares are trading higher after the company reported better-than-expected <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41511023/ups-releases-3q-2024-earnings" rel="noreferrer noopener">third-quarter results</a>.
UPS reported consolidated revenue growth of 5.6% year-over-year to $22.2 billion, beating the consensus of $22.14 billion.
Adjusted EPS was $1.76, up 12.1% YoY, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">above the consensus of $1.63.</a>
GAAP results for the quarter reflect a net after-tax benefit of $36 million, or $0.04 per share, driven by a $152 million gain from the Coyote Logistics divestiture, offset by $116 million in transformation costs.
Consolidated operating profit rose 47.8% YoY to $1.983 billion and +22.8% on an adjusted basis. Adjusted operating margin stood at 8.9%, up from 7.7% a year ago.
Related: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41498771/ups-q3-earnings-preview-delivery-giant-aims-to-end-revenue-misses-as-stock-remains-stuck-in-a-two-y" rel="noreferrer noopener">UPS Q3 Earnings Preview: Delivery Giant Aims To End Revenue Misses As Stock Remains &#8216;Stuck In A Two-Year Downtrend&#8217;</a>
U.S. Domestic Segment revenue increased 5.8% to $14.45 billion, reflecting a 6.5% increase in average daily volume. The adjusted operating margin stood at 6.7%.
International Segment revenue grew 3.4% to $4.41 billion, reflecting a 2.5% increase in revenue per piece. The adjusted operating margin was 18%.
Supply Chain Solutions Segment revenue increased by 8% to $3.384 billion, reflecting growth in air and ocean forwarding and the continued onboarding of USPS air cargo. The adjusted operating margin was 6.4%.
UPS&#8217; operating cash flow for nine months ended September 30, 2024, totaled $6.807 billion, and free cash flow was $4.038 billion.
2024 Outlook, updated: UPS now expects revenue of ~ $91.1 billion (prior expectation ~$93 billion) versus the $91.851 billion consensus and sees an <a href="https://www.benzinga.com/calendars/guidance">adjusted operating margin of 9.6% (prior view 9.4%)</a>
UPS continues to expect 2024 capital expenditures of about $4 billion. The company expects dividend payments of $5.4 billion, subject to Board approval.
Price Action: UPS shares are trading higher by 8.43% at $142.49 premarket at the last check Thursday.
Photo via Shutterstock

Earnings

Delivery Giant UPS Breaks Revenue-Miss Streak After 10 Quarters, Stock Soars

<h3>Gainers</h3>
<ul>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) shares moved upwards by 18.1% to $0.28 during Thursday's pre-market session. The company's market cap stands at $13.9 million. </li>
<li>Optex Systems Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPXS#NASDAQ">OPXS</a>) stock moved upwards by 17.48% to $10.55. The market value of their outstanding shares is at $72.5 million. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATIF#NASDAQ">ATIF</a>) shares increased by 11.47% to $0.97. The company's market cap stands at $11.5 million. </li>
<li>Knightscope (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) shares moved upwards by 7.99% to $15.0. The market value of their outstanding shares is at $45.8 million. </li>
<li>Zeo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZEO#NASDAQ">ZEO</a>) shares increased by 7.57% to $1.42. The market value of their outstanding shares is at $8.2 million. </li>
<li>United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) shares moved upwards by 7.22% to $140.9. The market value of their outstanding shares is at $120.5 billion. As per the news, the Q3 earnings report came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares fell 8.1% to $2.83 during Thursday's pre-market session. The market value of their outstanding shares is at $309.9 million. </li>
<li>AgEagle Aerial Sys (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#AMEX">UAVS</a>) stock declined by 7.66% to $2.05. The company's market cap stands at $1.7 million. </li>
<li>DSS (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DSS#AMEX">DSS</a>) stock decreased by 7.49% to $1.36. The market value of their outstanding shares is at $9.6 million. </li>
<li>Highway Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIHO#NASDAQ">HIHO</a>) shares fell 6.28% to $2.21. The company's market cap stands at $9.7 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock declined by 6.18% to $1.52. The company's market cap stands at $22.5 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock declined by 5.81% to $1.27. The company's market cap stands at $2.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATIF

GRFX

HIHO

KSCP

OPXS

PXDT

SAVE

SGBX

UAVS

12 Industrials Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) shares rose 18.1% to $0.28 during Thursday's pre-market session. The market value of their outstanding shares is at $13.9 million. </li>
<li>Optex Systems Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPXS#NASDAQ">OPXS</a>) stock rose 17.48% to $10.55. The market value of their outstanding shares is at $72.5 million. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATIF#NASDAQ">ATIF</a>) stock rose 11.47% to $0.97. The company's market cap stands at $11.5 million. </li>
<li>Knightscope (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) shares increased by 7.99% to $15.0. The company's market cap stands at $45.8 million. </li>
<li>Zeo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZEO#NASDAQ">ZEO</a>) shares moved upwards by 7.57% to $1.42. The market value of their outstanding shares is at $8.2 million. </li>
<li>United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) shares moved upwards by 7.29% to $141.0. The company's market cap stands at $120.6 billion. As per the news, the Q3 earnings report came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) stock fell 8.1% to $2.83 during Thursday's pre-market session. The company's market cap stands at $309.9 million. </li>
<li>DSS (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DSS#AMEX">DSS</a>) shares fell 7.49% to $1.36. The market value of their outstanding shares is at $9.6 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) shares fell 6.18% to $1.52. The company's market cap stands at $22.5 million. </li>
<li>Highway Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIHO#NASDAQ">HIHO</a>) stock decreased by 5.94% to $2.22. The company's market cap stands at $9.7 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock decreased by 5.81% to $1.27. The market value of their outstanding shares is at $2.5 million. </li>
<li>Clean Energy Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETY#NASDAQ">CETY</a>) stock fell 5.74% to $0.69. The company's market cap stands at $30.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CETY

Investors could see some respite on Wall Street as the index futures point to a positive start on Thursday after three straight days of losses. EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) blew <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41509528/tesla-bull-gary-black-praises-ev-giants-clean-beat-in-q3-as-auto-margins-blow-past-">past expectations in terms of margins</a> and earnings per share (EPS), although it missed revenue expectations.
Dow Jones experienced its worst session in over a month, while megacap stocks like Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) fell by over 2%. Amid this, Nvidia supplier SK Hynix <a href="https://www.benzinga.com/markets/equities/24/10/41509305/nvidia-supplier-sk-hynix-reports-record-breaking-quarterly-profit-as-ai-demand-drives-7-revenue-">reported a record quarterly profit </a>on the back of a boom in artificial intelligence.
Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) reported a loss in its third quarter, while AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) posted better-than-expected earnings.
Tesla will be among the stocks in focus today. Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), United Parcel Service Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NASDAQ">UPS</a>), Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), and Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) are scheduled to announce their earnings today.
Investors will also keep a close eye on Boeing <a href="https://www.benzinga.com/markets/equities/24/10/41507795/boeing-machinists-reject-35-wage-hike-deal-extending-5-week-strike-amid-6b-loss-and-cash-burn-wa">after its machinists rejected a 35% wage hike deal</a> and extended their ongoing strike against the company. Workers were dissatisfied with the pension plan and wanted a bigger hike to deal with a rise in the cost of living.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.75%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.40%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.11%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.43%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.42% to $580.42 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) surged 0.77% to $492.14, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Cues From Last Session:
Along with the Dow, the Nasdaq Composite recorded its third straight session in the red, dragged down by tech stocks.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, information technology, and communication services stocks recording the biggest losses on Wednesday. However, real estate and utilities stocks bucked the overall market trend, closing the session higher.
Rising treasury yields and the possible outcome of the Nov. 5 presidential election results played on the minds of investors.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.60%</td>
<td>18,276.65</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.92%</td>
<td>5,797.42</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.96%</td>
<td>42,514.95</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.79%</td>
<td>2,213.84</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Following six consecutive weeks of gains, the markets have remained gloomy this week, with tech stocks offering some respite amid sideways movements in most other sectors.
Benchmark US 10-year treasury yields remain in focus, which rose to their highest mark since July.
On the economic data front, U.S. existing home sales declined 1% from the previous month to an annualized rate of 3.84 million in September.
The International Monetary Fund, though, <a href="https://www.imf.org/en/Publications/WEO/Issues/2024/10/22/world-economic-outlook-october-2024">expects</a> U.S. growth to remain strong. According to its latest World Economic Outlook report, the IMF revised its projected U.S. GDP growth rate to 2.8%, up from its previous projection of 2.6%.
"On the equity front, corporate earnings are strong and with the VIX (the CBOE&#8217;s volatility index) still elevated around 20, this is not the backdrop for the start of a bear market," explained WisdomTree and Wharton School economist Jeremy Siegel.
"The current under-loved bull market could see significant upside. While I&#8217;m not predicting a &#8216;melt-up,&#8217; it is important to acknowledge the market&#8217;s upward momentum could continue as fundamentals remain supportive,&#8221; Siegel added.
See Also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>Data on initial jobless claims is scheduled to be released at 8:30 a.m. ET.</li>
<li>Cleveland Fed President Beth Hammack&nbsp;is scheduled to speak at 8:45 a.m. ET.</li>
<li>New home sales data is scheduled to be released at 10 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Tesla will<a href="https://www.benzinga.com/markets/equities/24/10/41510859/tesla-soars-in-thursday-pre-market-heres-whats-driving-the-surge"> stay in focus </a>after beating margin and EPS estimates in its third-quarter earnings.</li>
<li>IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) missed third-quarter revenue estimates on account of a drag in consulting revenue.</li>
<li>AT&amp;T added over 403,000 new monthly subscribers in the third quarter, reporting $30.2 billion in revenue.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rose in the early New York session, surging over 1.5% as data showed a rise in spot demand.
The 10-year Treasury note yield fell marginally to 4.192%.
Asian markets were mixed on Thursday, with Chinese markets edging lower while Japan's Nikkei 225 rose.
European stocks moved past tentativeness in early trading, surging after a gloomy week so far.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41507397/bitcoin-ethereum-dogecoin-sink-amid-stocks-decline-treasury-yields-climb-analyst-sees-prom">Bitcoin, Ethereum, Dogecoin Sink Amid Stocks Decline, Treasury Yields Climb: Analyst Sees &#8216;Promising Signs&#8217;</a></li>
</ul>
Image generated using AI tools

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

US Stocks Set To Open Higher As Tesla's Strong Profit Margins Win Over Wall Street: Wharton Economist Says 'Under-Loved' Bull Market Could See 'Significant Upside'

United Parcel Service shares are trading higher after the company reported better-than-expected Q3 EPS and sales.

UPS Sees FY24 Consolidated Revenue ~$91.1B, non-GAAP Adj. Operating Margin ~9.6%

United Parcel Service Q3 2024 Adj. EPS $1.76 Beats $1.63 Estimate, Sales $22.2B Beat $22.140B Estimate

What has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Oct. 21-25, 2024.

Wall Street's Top 10 Stock Calls This Week - Saturday, Oct. 26

17 out of 26 industrial stocks deliver EPS wins - Earnings Scorecard

In a report released today, Scott Schneeberger from Oppenheimer maintained a Buy rating on United Parcel (UPS – Research Report), with a price targ...

Oppenheimer Reaffirms Their Buy Rating on United Parcel (UPS)

Oppenheimer raised the firm's price target on UPS (UPS) to $146 from $140 and keeps an Outperform rating on the shares. The firm notes Q3 adjusted ...

UPS price target raised to $146 from $140 at Oppenheimer

Industrials In Focus Ahead Of Peak Earnings Season

In a report released today, Christian Wetherbee from Wells Fargo maintained a Buy rating on United Parcel (UPS – Research Report), with a price tar...

United Parcel Service Positioned for Sustained Growth and Profitability: A Buy Rating Justified

Stocks with cheap implied volatility – JPM

As more consumers turn to online shopping, logistics companies are stepping up to meet the demand for faster, more efficient deliveries. With that in mind, investing in top-rated logistics stocks like United Parcel Service (UPS), Universal Logistics Holdings (ULH), and Radiant Logistics (RLGT) could be beneficial. Read on… E-commerce is booming, and with just a few clicks, people can now shop from the comfort of their homes, leading to a significant shift in buying patterns. While this has undoubtedly transformed how we shop, it has also brought massive changes to the logistics sector.
Given this backdrop, it could be wise to scoop up the shares of logistics companies like United Parcel Service, Inc. (<a href="https://stocknews.com/stock/UPS/">UPS</a>), Universal Logistics Holdings, Inc. (<a href="https://stocknews.com/stock/ULH/">ULH</a>), and Radiant Logistics, Inc. (<a href="https://stocknews.com/stock/RLGT/">RLGT</a>), all of which are benefiting from the e-commerce boom.
As people increasingly rely on online shopping for convenience, the logistics industry is racing to keep up, transforming how goods are stored, transported, and delivered. Global e-commerce sales are projected to <a href="https://www.mordorintelligence.com/industry-reports/global-ecommerce-market">hit $8.80 trillion</a> by the end of 2024, and this market is expected to grow further, reaching $8.81 trillion by 2029 at a steady annual growth rate of 15.8%.
Moreover, the growing demand for faster shipping options, like same-day and on-demand deliveries, is fueling a surge in the transportation sector and reshaping logistics operations. In 2023, the global logistics industry was valued at <a href="https://www.statista.com/statistics/943517/logistics-industry-global-cagr/">around $9.41 trillion</a>, and by 2028, it is expected to surpass $14.08 trillion, expanding the sector's reach even further.
From robotic automation to artificial intelligence and cloud computing, these innovations are streamlining supply chains and enabling companies to meet the fast-evolving needs of e-commerce. Meanwhile, the global air freight services market is expected to hit $223.43 billion by 2031, growing at a <a href="https://www.coherentmarketinsights.com/industry-reports/air-freight-services-market">CAGR of 5.8%</a>.
Considering these encouraging trends, let's examine the fundamentals of the top <a href="https://stocknews.com/category/air-freight-shipping/">Air Freight &amp; Shipping Services</a> stocks, starting with #3.
Stock #3: United Parcel Service, Inc. (<a href="https://stocknews.com/stock/UPS/">UPS</a>)
As a leading package delivery and logistics company, UPS provides a wide range of services, including transportation, distribution, contract logistics, ocean and airfreight, customs brokerage, and insurance services. It operates through two segments: U.S. Domestic Package and International Package.
On September 10, UPS announced its plan to acquire Frigo-Trans and its sister company BPL, both prominent healthcare logistics providers based in Germany. This acquisition is expected to significantly enhance UPS' capabilities in temperature-sensitive and time-critical logistics across Europe, serving the growing needs of its healthcare customers.
The company's EVP and President of International Healthcare and Supply Chain Solutions, Kate Gutmann, believes the acquisition will help meet growing demands for cold and frozen supply chains driven by pharmaceutical innovation.
UPS' revenue for the second quarter that ended June 30, 2024, amounted to $21.82 billion, while its revenue from Supply Chain Solutions increased 2.6% year-over-year to $3.33 billion. Its operating profit came in at $1.94 billion for the same period. In addition, the company's <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> and EPS amounted to $1.41 billion and $1.65 per share, respectively.
Looking ahead to the full year, UPS has updated its guidance. It expects consolidated revenue to reach approximately $93 billion and an adjusted operating margin of around 9.4%.
The consensus revenue estimate of $22.13 billion for the fiscal third quarter (ended September 2024) represents a 5.1% increase year-over-year. The consensus EPS estimate of $1.62 for the same quarter indicates a 3.4% growth from the previous year. The company has an impressive earnings surprise history; it surpassed the consensus EPS estimates in three of the trailing four quarters.
The stock has gained 2.9% over the past three months to close the last trading session at $131.41.
UPS' <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this outlook. The stock has a B grade for Quality. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Among 16 stocks in the <a href="https://stocknews.com/category/air-freight-shipping/">Air Freight &amp; Shipping Services</a> industry, it is ranked #7. Beyond what we stated above, we also have UPS ratings for Growth, Value, Momentum, Stability, and Sentiment. Get all UPS ratings <a href="https://stocknews.com/stock/UPS/">here</a>.
Stock #2: Universal Logistics Holdings, Inc. (<a href="https://stocknews.com/stock/ULH/">ULH</a>)
ULH offers logistics and transportation solutions. It provides truckload services, domestic and international freight forwarding, and final mile and ground expedited services. The company serves the automotive, steel, oil and gas, alternative energy, manufacturing industries, and other transportation companies.
On October 2, ULH announced the grand opening of a new Intermodal terminal in Tacoma, WA, strategically positioned to enhance operational efficiency and customer convenience. With direct access to key industrial hubs like Sumner/Kent, Puyallup/Spanaway, Olympia/Lacey, and major highways, the terminal aims to reduce transit times and streamline operations, boosting service effectiveness.
On September 30, the company acquired Parsec (Parsec, LLC, Parsec Intermodal of Canada ULC, and OB Leasing, LLC), a leading rail terminal operator in North America. Parsec offers terminal management services to Class I, regional, and short-line railroads, specializing in time-sensitive container handling. This acquisition is expected to enhance ULH's presence in the rail terminal space and boost the company's contract logistics segment revenue to over $1 billion annually.
For the second quarter that ended June 29, 2024, ULH's total operating revenues increased 12% year-over-year to $462.16 million. Its income from operations grew 29.4% from the year-ago value to $47.10 million. The company's net income and EPS stood at $30.73 million and $1.17, representing an increase of 30.4% and 30% year-over-year, respectively. Also, its EBITDA rose 51.9% from the prior-year quarter to $84.81 million.
Street expects ULH's revenue for the third quarter (ended September 30, 2024) to increase 10.1% year-over-year to $463.70 million. Its EPS for the about-to-be-reported quarter is expected to register a 34.1% growth from the prior year, settling at $1.18. Moreover, it surpassed the revenue estimates in each of its trailing four quarters, which is promising.
Over the past year, the stock has gained 79.8%, closing the last trading session at $42.37.
ULH's stance is apparent in its POWR Ratings. It has a B grade for Growth, Value, Stability, and Sentiment. Out of 16 stocks in the Air Freight &amp; Shipping Services industry, it is ranked #4. <a href="https://stocknews.com/stock/ULH/">Click here</a> to see ULH's ratings for Momentum and Quality.
Stock #1: Radiant Logistics, Inc. (<a href="https://stocknews.com/stock/RLGT/">RLGT</a>)
RLGT is a third-party logistics company that provides technology-enabled global transportation and value-added logistics solutions. It offers domestic, international air, and ocean freight forwarding services, freight brokerage services, including truckload and intermodal services, and logistics and supply chain services.
On October 2, RLGT acquired the operations of Focus Logistics, a Michigan-based company that has been operating under Radiant's Service By Air brand since 2006. Post-acquisition, Focus will transition to the Radiant brand and merge with the company's existing operations in the Detroit area. CEO Bohn Crain stated that the acquisition is an example of the company's strategy to partner with logistics entrepreneurs and provide them with a built-in exit strategy.
In the fourth quarter of fiscal 2024, which ended on June 30, RLGT's revenues amounted to $206.03 million, while its income from operations increased 27.6% year-over-year to $4.88 million. The company's adjusted net income stood at $7.02 million and $0.14 per share, indicating an increase of 8.6% and 7.7% from the prior year, respectively. Also, its adjusted EBITDA grew 74.3% from the year-ago value to $9.08 million.
Analysts expect RLGT's revenue for the first quarter (ended September 2024) to increase 2% from the prior year to $215.03 million, while its EPS is estimated at $0.10. Moreover, for the fiscal year 2025, its revenue and EPS are projected to reach $874.98 million and $0.42, respectively.
RLGT's shares have gained 36.5% over the past six months to close the last trading session at $6.69.
It's no surprise that RLGT has an overall rating of B, which equates to Buy in our proprietary rating system. It has an A grade for Sentiment and a B for Growth and Value. Within the same industry, it is ranked first.
In addition to the POWR Ratings we've stated above, we also have RLGT's ratings for Momentum, Stability, and Quality. Get all RLGT ratings <a href="https://stocknews.com/stock/RLGT/">here</a>.
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UPS shares rose $6.59 (+5.01%) in premarket trading Thursday. Year-to-date, UPS has declined -13.46%, versus a 22.75% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/ups-ulh-rlgt-3-top-rated-logistics-stocks-benefiting-from-e-commerce-boom/>3 Top-Rated Logistics Stocks Benefiting From E-Commerce Boom</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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