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United Parcel Service ( UPS ) is set to report fourth-quarter earnings on Thursday morning, with analysts expecting the company to record a second straight quarter of year-over-year revenue and profit growth.

Analysts are mostly bullish on the shipping giant's stock; among the 15 covering UPS who are tracked by Visible Alpha, 12 have "buy" ratings , along with two "hold" and one "sell." Their consensus price target of $153.73 is more than 15% above the stock's closing level Friday.

Analysts Expect Second Straight Quarter of Revenue, Profit Growth

UPS is expected to report net income of $2.14 billion, or $2.51 per share , on revenue of $25.35 billion, according to Visible Alpha. A year ago, it posted profit of $1.61 billion, or $1.87 per share, on revenue of $24.92 billion.

Meeting those estimates would mark a second straight quarter of year-over-year revenue and profit growth for UPS, which—like shipping rival FedEx ( FDX )—saw several quarters of declines following record demand during the pandemic.

CEO Carol Tomé called the third quarter the end of a "challenging 18-month period" for UPS in its third-quarter report, when the company lowered its 2024 revenue outlook to $91.1 billion, down from about $93 billion previously.

UPS shares, which were up 2.5% intraday Monday, are down about 15% over the last 12 months.

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