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 #2 (Buy) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Union Pacific missed on earnings. Earnings per share came in at $1.36, short the Zacks Consensus Estimate of $1.39. Earnings declined 9% on a year-over-year basis.
Revenue: Operating revenues of $5,174 million edged past the Zacks Consensus Estimate of $5,141.8 million. Reduced freight revenues (down 7%) due to soft coal shipments hurt the top line which declined 7% year over year.
Key Stats to Note: Operating income in the third quarter witnessed a decline of 11% year over year to $2 billion. Operating ratio (defined as operating expenses as a percentage of revenues) came in at 62.1% as opposed to 60.3% a year-ago. During the quarter, the company bought back 9 million shares for $851 million.
Stock Price: The earnings miss disappointed the 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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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.
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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 #2 (Buy) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Union Pacific missed on earnings. Earnings per share came in at $1.36, short the Zacks Consensus Estimate of $1.39. Earnings declined 9% on a year-over-year basis.
Revenue: Operating revenues of $5,174 million edged past the Zacks Consensus Estimate of $5,141.8 million. Reduced freight revenues (down 7%) due to soft coal shipments hurt the top line which declined 7% year over year.
Key Stats to Note: Operating income in the third quarter witnessed a decline of 11% year over year to $2 billion. Operating ratio (defined as operating expenses as a percentage of revenues) came in at 62.1% as opposed to 60.3% a year-ago. During the quarter, the company bought back 9 million shares for $851 million.
Stock Price: The earnings miss disappointed the 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!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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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