UPS Stock: 13 Reasons Why UPS Shares Are Taking a Hit Today

investorplace2021-07-28

United Parcel Service(NYSE:UPS) stock is taking a beating on Tuesday following the release of its earnings report for the second quarter of 2021.

Let’s take a look at what has UPS stockholders upset in the most recent earnings report below

  • The problem for UPS stock has to do with its shipping volumes.
  • According to the report, global shipping volumes were down .8% year-over-year.
  • To make matters worse, shipping volumes in the U.S.saw a 2.9% decreasefrom the same time last year.
  • In addition to this, UPS notes that residential shipments were down 15.8% from the second quarter of 2020.
  • UPS and rivalFedEx(NYSE:FDX) have both been dealing with delivery troubles lately.
  • That’s due to the economy rebounding from the pandemic and constraints to supply lines.
  • All of this negative shipment news hamperedan otherwise strong earnings reportfor the company.
  • That includes adjusted earnings per share of $3.06 on revenue of $23.4 billion.
  • Both of these came in above analysts’ estimates of $2.81 per share and revenue of $23.24 billion for the quarter.
  • Even so, it wasn’t enough to save the company from today’s decline.
  • The falling share price for UPS stock also comes alongside heavy trading.
  • As of this writing, more than 8 million shares of the stock have changed hands.
  • That’s already well above the company’s daily average trading volume of around 3.5 million shares.
免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

发表看法
16