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.
Union Pacific Corporation (UNP - Free Report) reported second-quarter 2018 earnings per share of $1.98 per share, surpassing the Zacks Consensus Estimate of $1.94. Moreover, earnings increased 36.6% 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 healthy picture prior to the current earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter earnings being revised 3.2% upward over the last 60 days.
Moreover, the company delivered positive surprises in three of the last four quarters. The average earnings beat was 1.9%.
Union Pacific recorded operating revenues of $5,672 million, which surpassed the Zacks Consensus Estimate of $5,603.6 million. Moreover, revenues increased 8% year over year. Higher freight revenues boosted the top line.
Key Statistics: Adjusted operating ratio (defined as operating expenses as a percentage of revenues) came in at 63%, reflecting an increase of 1.1 points. During the quarter, the company bought back 33.2 million shares.
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 +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X 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>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Union Pacific (UNP) Beats on Q2 Earnings
Union Pacific Corporation (UNP - Free Report) reported second-quarter 2018 earnings per share of $1.98 per share, surpassing the Zacks Consensus Estimate of $1.94. Moreover, earnings increased 36.6% 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 healthy picture prior to the current earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter earnings being revised 3.2% upward over the last 60 days.
Moreover, the company delivered positive surprises in three of the last four quarters. The average earnings beat was 1.9%.
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 $5,672 million, which surpassed the Zacks Consensus Estimate of $5,603.6 million. Moreover, revenues increased 8% year over year. Higher freight revenues boosted the top line.
Key Statistics: Adjusted operating ratio (defined as operating expenses as a percentage of revenues) came in at 63%, reflecting an increase of 1.1 points. During the quarter, the company bought back 33.2 million shares.
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 +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X 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>>