United Parcel Service (UPS) closed at $147.38, up 0.03% from the previous day, outperforming the S&P 500. The upcoming earnings report on July 23, 2024, projects earnings of $1.98 per share, with a year-over-year decline of 22.05%. Analysts suggest monitoring UPS stock following recent estimate changes, with a current Zacks Rank of #4 (Sell).

Investors should note UPS’s Forward P/E ratio of 18.08, indicating a discount compared to the industry average. The PEG ratio stands at 1.89, above the industry average of 1.67. The Transportation – Air Freight and Cargo industry ranks in the bottom 10% of all industries, with top industries outperforming the bottom half by a ratio of 2 to 1.

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Read more at Nasdaq: Why the Market Dipped But United Parcel Service (UPS) Gained Today