Union Pacific Corporation (UNP - Free Report) reported first-quarter 2018 earnings per share of $1.68 per share, surpassing the Zacks Consensus Estimate of $1.65. Moreover, earnings increased 27.3% 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 disappointing picture prior to the current earnings release. The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 1.2% downward over the last 30 days
Prior to the earnings beat in the first-quarter, the company delivered positive surprises in three of the last four quarters. The average earnings beat was 3.3%.
Revenues Better Than Expected
Union Pacific recorded operating revenues of $5,475 million, which surpassed the Zacks Consensus Estimate of $5,370.8 million. Moreover, revenues increased 6.7% 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 64.6%, reflecting an increase of 0.6 points. During the quarter, the company bought back 9.3 million shares for $1.2 billion.
Zacks Rank: Currently, Union Pacific carries a Zacks Rank #3 (Hold) 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!
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Union Pacific Corporation (UNP - Free Report) reported first-quarter 2018 earnings per share of $1.68 per share, surpassing the Zacks Consensus Estimate of $1.65. Moreover, earnings increased 27.3% 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 disappointing picture prior to the current earnings release. The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 1.2% downward over the last 30 days
Prior to the earnings beat in the first-quarter, the company delivered positive surprises in three of the last four quarters. The average earnings beat was 3.3%.
Revenues Better Than Expected
Union Pacific recorded operating revenues of $5,475 million, which surpassed the Zacks Consensus Estimate of $5,370.8 million. Moreover, revenues increased 6.7% 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 64.6%, reflecting an increase of 0.6 points. During the quarter, the company bought back 9.3 million shares for $1.2 billion.
Zacks Rank: Currently, Union Pacific carries a Zacks Rank #3 (Hold) 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!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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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