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UPS shares slip after Q2 earnings, but guidance points higher
UPS forecast more than $91 billion in full-year revenue and raised guidance, with analysts largely keeping a consensus Hold rating after the report.
UPS stock pulled back about 5% after its Q2 earnings release, but MarketBeat Ratings framed the move as a potential buying entry point tied to technical stabilization and managements updated outlook.
The article says UPS has moved past its post-Amazon transition over the past two years and that turnaround efforts have helped the stock bottom, with a late-July dip described as part of a consolidation phase. It also cites strengthening support signals from a 30-week exponential moving average and highlights a key resistance area near $120.
On fundamentals, the coverage points to Q2 strengths that it expects to carry into the back half of the year, including a forecast of more than $91 billion in full-year revenue, about 90 basis points higher than expected. It also notes that near-term domestic business is expected to be flat in the current quarter.
Analysts covered by MarketBeat are described as maintaining a consensus Hold rating, with a $111.50 price target, and the piece says no immediate rating changes or price target adjustments were issued after the earnings release. The report also mentions institutions as steady buyers following the results.