Freight transportation company Union Pacific (NYSE: UNP) will be announcing earnings results this Thursday morning. Here’s what you need to know.
Union Pacific met analysts’ revenue expectations last quarter, reporting revenues of $6.15 billion, up 2.4% year on year. It was a strong quarter for the company, with a solid beat of analysts’ sales volume estimates and a decent beat of analysts’ adjusted operating income estimates.
Is Union Pacific a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Union Pacific’s revenue to grow 2.6% year on year to $6.25 billion, in line with the 2.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.00 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Union Pacific has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Union Pacific’s peers in the transportation and logistics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. CSX posted flat year-on-year revenue, meeting analysts’ expectations, and FedEx reported revenues up 3.1%, topping estimates by 2.7%. CSX traded up 1.8% following the results while FedEx was also up 2.2%.
Read our full analysis of CSX’s results here and FedEx’s results here.
Investors in the transportation and logistics segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Union Pacific’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $261.68 (compared to the current share price of $226.49).
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