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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%.
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.
Check back later for our full write up on this Union Pacific earnings report later!
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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.
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Union Pacific (UNP) Beats on Q1 Earnings
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%.
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 $5,475 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 >>