United Parcel Service (NYSE: UPS) is scheduled to report its Q1 2021 results on Tuesday, April 27. We expect UPS to likely post revenue and earnings above the street expectations, due to higher demand for residential deliveries. That said, given that several offices remain shut or working with a limited capacity, the business deliveries will likely see continued headwinds. An overall rebound in economic activities likely boded well for the company’s freight forwarding as well as international outbound business. We expect the company to navigate well based on these trends over the latest quarter.
Our forecast indicates that UPS’ valuation is around $185 per share, which is 4% above the current market price of around $178. Our interactive dashboard analysis on United Parcel Service Pre-Earnings has additional details.
(1) Revenues expected to be slightly above the consensus estimates
Trefis estimates UPS’ Q1 2021 revenues to be around $20.8 Bil, 1.5% above the $20.5 Bil consensus estimate. The gradual opening up of economies and vaccination programs in the U.S. has resulted in a pickup in economic activities, and this should bode well for the overall deliveries. E-commerce growth remains the important driver for UPS’ near term growth,…