Why the Market Dipped But United Parcel Service (UPS) Gained Today

United Parcel Service (UPS) closed at $96.97 in the latest trading session, marking a +1.49% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.09%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq gained 0.13%. The stock of package delivery service has risen by 2.68% in the past month, lagging the Transportation sector's gain of 5.11% and overreaching the S&P 500's gain of 1.89%.Analysts and investors alike will be keeping a close eye on the performance of United Parcel Service in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.18, marking a 20.73% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $23.88 billion, indicating a 5.6% decrease compared to the same quarter of the previous year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.89 per share and a revenue of $87.95 billion, representing changes of -10.75% and -3.43%, respectively, from the prior year. Any recent changes to analyst estimates for United Parcel Service should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.93% upward. United Parcel Service currently has a Zacks Rank of #3 (Hold). Digging into valuation, United Parcel Service currently has a Forward P/E ratio of 13.87. This expresses a discount compared to the average Forward P/E of 15.37 of its industry. We can additionally observe that UPS currently boasts a PEG ratio of 2.28. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Transportation - Air Freight and Cargo industry held an average PEG ratio of 2.17. The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 34, finds itself in the top 14% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Parcel Service, Inc. (UPS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks