Freight transportation company Union Pacific (NYSE: UNP) will be reporting results this Tuesday before the bell. Here’s what you need to know.
Union Pacific met analysts’ revenue expectations last quarter, reporting revenues of $6.24 billion, up 2.5% year on year. It was a slower quarter for the company, with a significant miss of analysts’ sales volume estimates and EBITDA in line with analysts’ 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 be flat year on year at $6.12 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $2.87 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 Q4 results, giving us a hint as to what we can expect. CSX posted flat year-on-year revenue, missing analysts’ expectations by 0.9%, and FedEx reported revenues up 6.8%, topping estimates by 3%. CSX traded up 2% following the results while FedEx’s stock price was unchanged.
Read our full analysis of CSX’s results here and FedEx’s results here.
There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 9.2% on average over the last month. Union Pacific is down 2% during the same time and is heading into earnings with an average analyst price target of $263.21 (compared to the current share price of $229.44).
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