We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Union Pacific (UNP) Q2 Earnings: A Look at Key Metrics
Read MoreHide Full Article
For the quarter ended June 2023, Union Pacific (UNP - Free Report) reported revenue of $5.96 billion, down 4.9% over the same period last year. EPS came in at $2.57, compared to $2.93 in the year-ago quarter.
The reported revenue represents a surprise of -2.59% over the Zacks Consensus Estimate of $6.12 billion. With the consensus EPS estimate being $2.75, the EPS surprise was -6.55%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Union Pacific performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating Ratio: 63% compared to the 59.72% average estimate based on five analysts.
Average revenue per car - Premium: $1,794 versus $1,860.32 estimated by three analysts on average.
Revenue Ton-Miles - Industrial Products: 32055 million compared to the 34272.35 million average estimate based on three analysts.
Average revenue per car - Industrial Products: $3,646 versus $3,638.84 estimated by three analysts on average.
Freight Revenues- Premium: $1.73 billion versus $1.87 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -10.9% change.
Operating Revenues- Other revenues: $394 million compared to the $400.71 million average estimate based on four analysts. The reported number represents a change of -7.7% year over year.
Operating Revenues- Freight revenues: $5.57 billion versus the four-analyst average estimate of $5.74 billion. The reported number represents a year-over-year change of -4.7%.
Freight Revenues- Industrial Products: $2.09 billion versus $2.07 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.2% change.
Freight Revenues- Bulk: $1.76 billion versus the four-analyst average estimate of $1.81 billion. The reported number represents a year-over-year change of -3.1%.
Freight Revenues- Fertilizer: $183 million versus the two-analyst average estimate of $191.80 million.
Freight Revenues- Industrial chemicals & plastics: $545 million compared to the $540.50 million average estimate based on two analysts.
Freight Revenues- Food & refrigerated: $255 million compared to the $283.23 million average estimate based on two analysts.
Shares of Union Pacific have returned +6.2% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Union Pacific (UNP) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2023, Union Pacific (UNP - Free Report) reported revenue of $5.96 billion, down 4.9% over the same period last year. EPS came in at $2.57, compared to $2.93 in the year-ago quarter.
The reported revenue represents a surprise of -2.59% over the Zacks Consensus Estimate of $6.12 billion. With the consensus EPS estimate being $2.75, the EPS surprise was -6.55%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Union Pacific performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Ratio: 63% compared to the 59.72% average estimate based on five analysts.
- Average revenue per car - Premium: $1,794 versus $1,860.32 estimated by three analysts on average.
- Revenue Ton-Miles - Industrial Products: 32055 million compared to the 34272.35 million average estimate based on three analysts.
- Average revenue per car - Industrial Products: $3,646 versus $3,638.84 estimated by three analysts on average.
- Freight Revenues- Premium: $1.73 billion versus $1.87 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -10.9% change.
- Operating Revenues- Other revenues: $394 million compared to the $400.71 million average estimate based on four analysts. The reported number represents a change of -7.7% year over year.
- Operating Revenues- Freight revenues: $5.57 billion versus the four-analyst average estimate of $5.74 billion. The reported number represents a year-over-year change of -4.7%.
- Freight Revenues- Industrial Products: $2.09 billion versus $2.07 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.2% change.
- Freight Revenues- Bulk: $1.76 billion versus the four-analyst average estimate of $1.81 billion. The reported number represents a year-over-year change of -3.1%.
- Freight Revenues- Fertilizer: $183 million versus the two-analyst average estimate of $191.80 million.
- Freight Revenues- Industrial chemicals & plastics: $545 million compared to the $540.50 million average estimate based on two analysts.
- Freight Revenues- Food & refrigerated: $255 million compared to the $283.23 million average estimate based on two analysts.
View all Key Company Metrics for Union Pacific here>>>Shares of Union Pacific have returned +6.2% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.