Union Pacific Corporation ( UNP , based in Omaha, NE, is the largest railroad in North America providing rail transportation services across 23 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 #3 (Hold) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Union Pacific beat on earnings. Earnings per share came in at $1.50, well above the Zacks Consensus Estimate of $1.43. Earnings, however, declined 2% on a year-over-year basis.
Revenue: Operating revenues of $5.56 billion missed the Zacks Consensus Estimate of $5.65 billion. Reduced freight revenues due to soft coal shipments hurt the top line. Revenues declined 10% on a year over year basis.
Key Stats to Note: Operating income witnessed a decline of 5% year over year to $2.2 billion. Operating ratio (defined as operating expenses as a percentage of revenues) improved 200 basis points year over year to 60.3%. During the quarter, the company bought back 13.8 million shares for more than $1.2 billion.
Check back later for our full write up on this Union Pacific earnings report later!
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