TCC takes a look at United Parcel Service and Coach Inc’s upcoming quarterly forecasts
Published By: Eunice Gettys on January 30, 2017 10:45 am EST
United Parcel Service, Inc. (NYSE:UPS) and Coach Inc (NYSE:COH) are all-set to report their financial results for fourth quarter of fiscal year 2016 (4QFY16) and 2QFY17, respectively. UPS and COH have managed to successfully exceed analysts’ expectations in the past. Earning whispers expects both companies to surpass Wall Street’s bottom-line estimates.
United Parcel Service
The consensus earnings per share (EPS) estimate stands at $1.68, which is also the same as Earnningswhispers.com forecast. If the estimate holds true, the company will experience a growth of 7% on a year-over-year (YoY) basis and 16.67% on a quarter-over-quarter (QoQ) basis.
Furthermore, Wall Street analysts expect revenue to clock in at $16.97 billion, which is in-line with Estimize.com’s the top-line forecast. If the estimate holds true, the company will witness growth of 5.4% on a YoY basis and a massive 14% on a QoQ basis.
For 2QFY17, Wall Street analysts expect the company to report EPS of 73 cents, two cents lower than Estimize.com’s forecast of 75 cents. Nonetheless, Wall Street numbers will lead to an increment of 7.35% YoY and 62.22% QoQ.
Furthermore, the consensus revenue estimate stands at $1.32 billion, which is in-line with Estimize.com’s top-line forecast. The company previously reported revenue of 1.04 billion and $1.27 billion in 1QFY17 and 2QFY16, respectively.