United Parcel Service Third Quarter 2024 Earnings: EPS Beats Expectations

United Parcel Service (NYSE:UPS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$22.2b (up 5.6% from 3Q 2023).
• Net income: US$1.54b (up 37% from 3Q 2023).
• Profit margin: 6.9% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.80 (up from US$1.32 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

United Parcel Service EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Logistics industry in the US.

Performance of the American Logistics industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with United Parcel Service (including 1 which makes us a bit uncomfortable).

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