Did UPS stock warrant a decline following its 2023 guidance?
Question 1: Is the average return for United Parcel Service stock higher after a drop?Case 2: United Parcel Service stock rises by 5% or more in a week
Overall, according to data and Trefis machine learning engine’s calculations, patience absolutely pays for most stocks! Going by historical performance, there is a strong chance of a rise in UPS stock over the next month.of them. This historical pattern reflects 10 out of 14, or. Furthermore, given the momentum in UPS stock, led by a strong earnings beat in Q1, and based on our recently updated[Updated: 4/23/2021] UPS Q1 Earnings Previewis scheduled to report its Q1 2021 results on Tuesday, April 27.
, with an adjusted EPS estimate of around $9.05 and a P/E multiple of around 20x in 2021, this translates into a price of $185, which is slightly above the current market price of around $178. The P/E multiple of 20x for UPS is in-line with the levels seen in late 2020.
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