UPS Prepares for Q4 Earnings Amid Mixed Volume Trends

UPS is set to report Q4 earnings with Street expectations of about $2.22 per share on roughly $24.01 billion in revenue. In Q3, U.S. daily volumes fell about 12.3% due to reduced Amazon volume and softer e-commerce demand, while international volumes rose about 4.8%. The removal of the de minimis exemption is seen as a headwind, with an estimated $75–$100 million impact expected in Q4. Cost-cutting and U.S. network reconfiguration are cited as potential positives, but the stock’s near-term upside looks limited, as TipRanks shows a Moderate Buy consensus (8 Buy, 8 Hold, 2 Sell) with an average target around $108.