Union Pacific Corporation(UNP - Free Report) , based in Omaha, NE, is the largest railroad in North America providing rail transportation services across more than 20 states in the U.S. Union Pacific also connects with Canada's rail systems and is the only railroad, serving all the six major gateways to Mexico.
Zacks Rank: Currently, Union Pacific has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Union Pacific reported earnings per share came in at $1.17, in line with Zacks Consensus Estimate. Earnings declined 15.2% on a year-over-year basis due to decline in freight revenues.
Revenue: Operating revenues of $4,770 million narrowly missed the Zacks Consensus Estimate of $4,790 million. Revenues were down 12% year on year. Reduced freight revenues (down 13%) due to soft coal shipments hurt the top line.
Key Stats to Note: Operating income in the second quarter witnessed a decline of 15% year over year to $1.7 billion. Operating ratio (defined as operating expenses as a percentage of revenues) deteriorated 110 basis points year over year to 65.2%. During the quarter, the company bought back 7 million shares for $602 million.
Check back later for our full write up on this Union Pacific earnings report later!
We are reissuing this article to correct a mistake. The original article, issued earlier today, should no longer be relied upon.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Union Pacific Corporation(UNP - Free Report) , based in Omaha, NE, is the largest railroad in North America providing rail transportation services across more than 20 states in the U.S. Union Pacific also connects with Canada's rail systems and is the only railroad, serving all the six major gateways to Mexico.
Zacks Rank: Currently, Union Pacific has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Union Pacific reported earnings per share came in at $1.17, in line with Zacks Consensus Estimate. Earnings declined 15.2% on a year-over-year basis due to decline in freight revenues.
Revenue: Operating revenues of $4,770 million narrowly missed the Zacks Consensus Estimate of $4,790 million. Revenues were down 12% year on year. Reduced freight revenues (down 13%) due to soft coal shipments hurt the top line.
Key Stats to Note: Operating income in the second quarter witnessed a decline of 15% year over year to $1.7 billion. Operating ratio (defined as operating expenses as a percentage of revenues) deteriorated 110 basis points year over year to 65.2%. During the quarter, the company bought back 7 million shares for $602 million.
Check back later for our full write up on this Union Pacific earnings report later!
We are reissuing this article to correct a mistake. The original article, issued earlier today, should no longer be relied upon.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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