United Parcel Service is set to report first-quarter earnings before the bell on Thursday.
Here’s what analysts polled by Thomson Reuters are expecting:
- Earnings per share: $1.29
- Revenue: $15.17 billion
The company is still waiting on President Donald Trump and Congress to pass tax reform and the proposed infrastructure bill. While tax cuts would immediately help the company, better infrastructure may make it faster and therefore cheaper to deliver packages.
Richard Peretz, UPS chief financial officer, told CNBC in January that some of Trump’s proposals, such as tax reform and infrastructure spending, could be good for business conditions.
The company has also been working to keep margins high in a world of e-commerce. Traditionally, business clients have been the most profitable, as trucks only had to make one stop to reach hundreds of people. As sites like Amazon push more packages to private homes, UPS has taken a profit-margin hit.
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