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 (UNP) Reports Q1 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
For the quarter ended March 2024, Union Pacific (UNP - Free Report) reported revenue of $6.03 billion, down 0.4% over the same period last year. EPS came in at $2.69, compared to $2.67 in the year-ago quarter.
The reported revenue represents a surprise of +0.48% over the Zacks Consensus Estimate of $6 billion. With the consensus EPS estimate being $2.50, the EPS surprise was +7.60%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Union Pacific performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating Ratio: 60.7% versus 62.6% estimated by five analysts on average.
Revenue Carloads - Bulk: 480 thousand compared to the 494.05 thousand average estimate based on four analysts.
Average revenue per car - Industrial Products: $3,886 versus $3,760.10 estimated by four analysts on average.
Average revenue per car - Bulk: $3,787 versus the four-analyst average estimate of $3,770.93.
Freight Revenues- Premium: $1.70 billion versus $1.73 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -2.7% change.
Operating Revenues- Other revenues: $415 million versus $363.01 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
Operating Revenues- Freight revenues: $5.62 billion versus the five-analyst average estimate of $5.68 billion. The reported number represents a year-over-year change of -0.7%.
Freight Revenues- Industrial Products: $2.10 billion versus $2.07 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
Freight Revenues- Bulk: $1.82 billion versus the five-analyst average estimate of $1.87 billion. The reported number represents a year-over-year change of -4.2%.
Freight Revenues- Fertilizer: $201 million versus the three-analyst average estimate of $196.61 million.
Freight Revenues- Industrial chemicals & plastics: $572 million versus the three-analyst average estimate of $553.93 million.
Freight Revenues- Food & refrigerated: $285 million compared to the $284.57 million average estimate based on three analysts.
Shares of Union Pacific have returned -5.2% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Union Pacific (UNP) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2024, Union Pacific (UNP - Free Report) reported revenue of $6.03 billion, down 0.4% over the same period last year. EPS came in at $2.69, compared to $2.67 in the year-ago quarter.
The reported revenue represents a surprise of +0.48% over the Zacks Consensus Estimate of $6 billion. With the consensus EPS estimate being $2.50, the EPS surprise was +7.60%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Union Pacific performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Ratio: 60.7% versus 62.6% estimated by five analysts on average.
- Revenue Carloads - Bulk: 480 thousand compared to the 494.05 thousand average estimate based on four analysts.
- Average revenue per car - Industrial Products: $3,886 versus $3,760.10 estimated by four analysts on average.
- Average revenue per car - Bulk: $3,787 versus the four-analyst average estimate of $3,770.93.
- Freight Revenues- Premium: $1.70 billion versus $1.73 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -2.7% change.
- Operating Revenues- Other revenues: $415 million versus $363.01 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
- Operating Revenues- Freight revenues: $5.62 billion versus the five-analyst average estimate of $5.68 billion. The reported number represents a year-over-year change of -0.7%.
- Freight Revenues- Industrial Products: $2.10 billion versus $2.07 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
- Freight Revenues- Bulk: $1.82 billion versus the five-analyst average estimate of $1.87 billion. The reported number represents a year-over-year change of -4.2%.
- Freight Revenues- Fertilizer: $201 million versus the three-analyst average estimate of $196.61 million.
- Freight Revenues- Industrial chemicals & plastics: $572 million versus the three-analyst average estimate of $553.93 million.
- Freight Revenues- Food & refrigerated: $285 million compared to the $284.57 million average estimate based on three analysts.
View all Key Company Metrics for Union Pacific here>>>Shares of Union Pacific have returned -5.2% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.