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Atlanta-based United Parcel Service, Inc. (UPS) is the world's largest express carrier and package delivery company. With a market cap of $115.2 billion, UPS provides transportation and delivery, distribution, contract logistics, ocean freight, air freight, customs brokerage, and insurance services. The logistics giant is expected to release its Q3 earnings before the market opens on Thursday, Oct. 24.
Ahead of the event, analysts expect UPS to report a profit of $1.64 per share, up 4.5% from $1.57 per share reported in the year-ago quarter. The company has surpassed Wall Street’s adjusted EPS estimates in three of the past four quarters while missing on one other occasion. Its adjusted EPS for the last reported quarter declined by 29.5% year over year to $1.79, missing the consensus estimates by 9.6%.