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Union Pacific Corporation (UNP - Free Report) reported fourth-quarter 2017 earnings per share (excluding $7.72 from non-recurring items) of $1.53 per share, missing the Zacks Consensus Estimate of $1.54. Earnings, however, increased 10.1% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Union Pacific depicted a stable picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being stagnant over the last 30 days.
Prior to the earnings miss in the fourth-quarter, the company delivered positive surprises in each of the last four quarters. The average earnings beat was 4.4%.
Union Pacific recorded operating revenues of $5,450 million, which surpassed the Zacks Consensus Estimate of $5,409.3 million. Moreover, revenues increased 5.5% year over year.
Key Statistics: Adjusted operating ratio (defined as operating expenses as a percentage of revenues) came in at 62.6%, reflecting an increase of 0.6 points. During the quarter, the company bought back 9.2 million shares for $1.1 billion.
Stock Price: The earnings miss disappointed investors. Shares of the company were down in pre-market trading at the time of writing.
Check back later for our full write up on this Union Pacific earnings report later!
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Union Pacific (UNP) Misses on Q4 Earnings
Union Pacific Corporation (UNP - Free Report) reported fourth-quarter 2017 earnings per share (excluding $7.72 from non-recurring items) of $1.53 per share, missing the Zacks Consensus Estimate of $1.54. Earnings, however, increased 10.1% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Union Pacific depicted a stable picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being stagnant over the last 30 days.
Prior to the earnings miss in the fourth-quarter, the company delivered positive surprises in each of the last four quarters. The average earnings beat was 4.4%.
Union Pacific Corporation Price and EPS Surprise
Union Pacific Corporation Price and EPS Surprise | Union Pacific Corporation Quote
Revenues Better Than Expected
Union Pacific recorded operating revenues of $5,450 million, which surpassed the Zacks Consensus Estimate of $5,409.3 million. Moreover, revenues increased 5.5% year over year.
Key Statistics: Adjusted operating ratio (defined as operating expenses as a percentage of revenues) came in at 62.6%, reflecting an increase of 0.6 points. During the quarter, the company bought back 9.2 million shares for $1.1 billion.
Stock Price: The earnings miss disappointed investors. Shares of the company were down in pre-market trading at the time of writing.
Zacks Rank: Currently, Union Pacific carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Union Pacific earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>