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Union Pacific (UNP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2023, Union Pacific (UNP - Free Report) reported revenue of $6.16 billion, down 0.3% over the same period last year. EPS came in at $2.71, compared to $2.67 in the year-ago quarter.
The reported revenue represents a surprise of +0.82% over the Zacks Consensus Estimate of $6.11 billion. With the consensus EPS estimate being $2.56, the EPS surprise was +5.86%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 60.9% compared to the 62.7% average estimate based on five analysts.
Average revenue per car - Premium: $1,824 compared to the $1,865.17 average estimate based on three analysts.
Revenue Ton-Miles: 104,943 million versus 105,057.7 million estimated by three analysts on average.
Revenue Ton-Miles - Bulk: 50,588 million versus the three-analyst average estimate of 50,545.08 million.
Freight Revenues- Premium: $1.79 billion versus the four-analyst average estimate of $1.82 billion. The reported number represents a year-over-year change of -2.8%.
Operating Revenues- Other revenues: $358 million versus the four-analyst average estimate of $375.98 million. The reported number represents a year-over-year change of -13.1%.
Operating Revenues- Freight revenues: $5.80 billion versus the four-analyst average estimate of $5.79 billion. The reported number represents a year-over-year change of +0.6%.
Freight Revenues- Industrial Products: $2.08 billion versus $2.05 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4% change.
Freight Revenues- Bulk: $1.94 billion compared to the $1.91 billion average estimate based on four analysts. The reported number represents a change of +0.3% year over year.
Freight Revenues- Fertilizer: $194 million versus the two-analyst average estimate of $184.90 million.
Freight Revenues- Industrial chemicals & plastics: $538 million compared to the $510.06 million average estimate based on two analysts.
Freight Revenues- Food & refrigerated: $264 million compared to the $284.12 million average estimate based on two analysts.
Shares of Union Pacific have returned -1.4% over the past month versus the Zacks S&P 500 composite's +2.5% 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.
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Union Pacific (UNP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Union Pacific (UNP - Free Report) reported revenue of $6.16 billion, down 0.3% over the same period last year. EPS came in at $2.71, compared to $2.67 in the year-ago quarter.
The reported revenue represents a surprise of +0.82% over the Zacks Consensus Estimate of $6.11 billion. With the consensus EPS estimate being $2.56, the EPS surprise was +5.86%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 60.9% compared to the 62.7% average estimate based on five analysts.
- Average revenue per car - Premium: $1,824 compared to the $1,865.17 average estimate based on three analysts.
- Revenue Ton-Miles: 104,943 million versus 105,057.7 million estimated by three analysts on average.
- Revenue Ton-Miles - Bulk: 50,588 million versus the three-analyst average estimate of 50,545.08 million.
- Freight Revenues- Premium: $1.79 billion versus the four-analyst average estimate of $1.82 billion. The reported number represents a year-over-year change of -2.8%.
- Operating Revenues- Other revenues: $358 million versus the four-analyst average estimate of $375.98 million. The reported number represents a year-over-year change of -13.1%.
- Operating Revenues- Freight revenues: $5.80 billion versus the four-analyst average estimate of $5.79 billion. The reported number represents a year-over-year change of +0.6%.
- Freight Revenues- Industrial Products: $2.08 billion versus $2.05 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4% change.
- Freight Revenues- Bulk: $1.94 billion compared to the $1.91 billion average estimate based on four analysts. The reported number represents a change of +0.3% year over year.
- Freight Revenues- Fertilizer: $194 million versus the two-analyst average estimate of $184.90 million.
- Freight Revenues- Industrial chemicals & plastics: $538 million compared to the $510.06 million average estimate based on two analysts.
- Freight Revenues- Food & refrigerated: $264 million compared to the $284.12 million average estimate based on two analysts.
View all Key Company Metrics for Union Pacific here>>>Shares of Union Pacific have returned -1.4% over the past month versus the Zacks S&P 500 composite's +2.5% 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.