UPS Q3 Earnings Preview: Delivery Giant Aims To End Revenue Misses As Stock Remains 'Stuck In A Two-Year Downtrend'

Package delivery company United Parcel Services, Inc. (NYSE:UPS) could provide a look at how it fares with competitor FedEx Corp (NYSE:FDX) when the company reports third-quarter financial results before market open Thursday.

Earnings Estimates: Analysts expect UPS to report third-quarter revenue of $22.14 billion, up from $21.06 billion in last year's third quarter, according to data from Benzinga Pro.

UPS missed revenue estimates from analysts in eight straight quarters. Before the streak of misses, UPS previously beat analyst revenue estimates in 10 straight quarters.

Analysts expect UPS to report third-quarter earnings per share of $1.63, up from last year's $1.57 in the third quarter. The company missed analyst estimates in the second quarter but has beaten estimates in three of the past five quarters with the other quarter meeting expectations.

UPS has beaten analyst estimates in seven of the past 10 quarters with two misses and one in-line figure.

Read Also: Sluggish Freight Demand Affected United Parcel’s Q2 Earnings: Goldman Sachs

What Experts Are Saying: United Parcel ...