Brown Shorts (UPS Earnings)
UPS (UPS) will report its Q1 results ahead of tomorrow's open. Management will hold a conference call at 8:30am ET.
The Capital IQ consensus expects UPS to report a 49.6% yr/yr jump in EPS to $1.72. This comes with a 15.0% yr/yr ramp in revenue to $20.74 bln.
The company has not given earnings and revenue guidance in recent quarters.
TECHS:
FedEx (FDX) reported better than expected quarterly EPS and revenue on March 18 and has been getting sold since. Will UPS follow?
UPS trades at 19.4x forward earnings expectations, which represents a premium to FedEx.
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