Analysis of United Parcel Service's Q2 2024 Earnings Report
Tuesday, 23 July 2024, 18:29
Analysis of UPS's Q2 Performance
Goldman Sachs analyst Jordan Alliger has reiterated a Buy rating on United Parcel Service following their second-quarter earnings report.
Key Highlights
- UPS reported Q2 2024 EPS of $1.79.
- This figure was below the estimates of $1.95 from Goldman Sachs and $1.99 from FactSet.
- The domestic margin was reported to be 7.1%.
- Revenue per piece mix negatively impacted earnings.
Conclusion
Despite the challenges posed by sluggish freight demand impacting UPS's earnings, the continued support from analysts like Jordan Alliger suggests potential for recovery and growth. Focusing on improving freight demand will be crucial for UPS's future financial performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.