M. Wolfe
M. Wolfe
cents envelope equate expect fourth fuel quarter rally remain share stock third unexpected upside
We expect the stock to rally on the unexpected fuel surcharge announcement. Back of the envelope fuel surcharge could equate to 1 to 2 cents upside in the third quarter, 4 to 5 cents a share upside for the fourth quarter and 15 to 20 cents upside during 2001 if it were to remain in effect.
cents envelope equate expect fourth fuel quarter rally remain share stock third unexpected upside
We expect the stock to rally on the unexpected fuel surcharge announcement, ... Back of the envelope fuel surcharge could equate to 1 to 2 cents upside in the third quarter, 4 to 5 cents a share upside for the fourth quarter and 15 to 20 cents upside during 2001 if it were to remain in effect.
billion few left market open price relatively shares support ups
There will be relatively few shares sold, ... And UPS still has $1 billion left over from the IPO to repurchase shares on the open market to support the price if need be.
airline bed believe contract employee focusing industry labor national overall rather regarding rejection relations sentiment statement ups
Our sense is that the rejection was more a statement of employee sentiment in the airline industry rather than a statement regarding overall labor relations between UPS and the Teamsters. However, we believe UPS would want to put this contract to bed before focusing on the national Teamster contract.
benefit continues cost driven environment estimates expect fast gains improvement majority quarter rails report rise sales shows side steady strong upside vast yield
CSX's report shows steady improvement on the cost side and it continues to benefit from the strong yield environment that all the rails are seeing. However, the vast majority of the upside in the quarter was driven by gains on sales and we don't expect estimates to rise as fast for CSX as some of the other rails.
clean cost drove expected growth higher performance revenue side upside view
Materially higher than expected revenue growth and better than expected cost side performance drove the upside in what we view as a high quality, clean quarter.
call cents consensus details diversion early earnings estimate few last likely low next noted past per raising result round second settled share ups visibility
We have noted in the past that our third-quarter earnings per share estimate of 47 cents (versus First Call consensus of 57 cents) would probably be too low if UPS settled early and a second round of freight diversion did not occur, ... As a result of last night's announcement, we will likely be raising our third-quarter EPS estimate in the next few days, once we get better visibility about some details of the contract.
affect consumer material overly spending upside
I don't think it's going to have an overly material affect on consumer spending to the upside - but every little (bit) helps.
capital earnings effort few growth hill material next per political positive share spent support time ups validation winning
This will be very positive for UPS over the long term. This is not material to earnings per share during the next few years, but over time it will be an important growth engine. It is also important to UPS because of the validation of the political time and effort they spent in winning support on Capital Hill for these slots.
capital earnings effort few growth hill material next per political positive share spent support time ups validation winning
This will be very positive for UPS over the long term, ... This is not material to earnings per share during the next few years, but over time it will be an important growth engine. It is also important to UPS because of the validation of the political time and effort they spent in winning support on Capital Hill for these slots.
balances continue elevated energy further natural quarter risk sustain themselves third upside
We see some upside risk to the third quarter and further out balances on the back of energy (particularly natural gas) prices, which continue to sustain themselves at elevated levels.
anticipate both company depth great impact kelly large leader management run strong terrific ups
We don't anticipate any impact on the stock. While Kelly has been both an important and strong leader as well as a terrific man, UPS is a large company with great management depth run by committee.
price rating stock target ups
We are rating UPS 'attractive,' ... Our price target on this stock is $70; it's at about $56 right now.
benefit control cost driven fuel quarter strong upside
The upside to the quarter was driven by strong cost control and benefit from its fuel surcharge,