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Union Pacific is a bet on the continued economic vibrancy of America. Core pricing gains and increased volumes weren't enough to top analysts' expectations in Q2. Improved operating efficiency helped deliver excellent diluted EPS growth, though. Union Pacific's A-rated balance sheet is supported by a reasonable and strengthening adjusted debt-to-EBITDA ratio.
Union Pacific Corporation (NYSE:UNP ) Q2 2024 Earnings Conference Call July 25, 2024 8:45 AM ET Company Participants Jim Vena - Chief Executive Officer Jennifer Hamann - Executive Vice President and Chief Financial Officer Kenny Rocker - Executive Vice President, Marketing and Sales Eric Gehringer - Executive Vice President-Operations Conference Call Participants Brandon Oglenski - Barclays Capital Scott Group - Wolfe Research Jason Seidl - TD Cowen Jon Chappell - Evercore ISI Stephanie Moore - Jefferies Brian Ossenbeck - J.P. Morgan Ken Hoexter - Bank of America Securities Tom Wadewitz - UBS Chris Wetherbee - Wells Fargo Walter Spracklin - RBC Ben Nolan - Stifel Jordan Alliger - Goldman Sachs Bascome Majors - Susquehanna Christyne McGarvey - Morgan Stanley Daniel Imbro - Stephens David Vernon - Bernstein Research Operator Greetings, and welcome to the Union Pacific Second Quarter Earnings Call.
Union Pacific Corporation is a high-conviction investment in my dividend growth portfolio. Despite the challenging economic landscape, Union Pacific has shown resilience and operational strength. Recent earnings confirm UNP's efficiency, strategic market approach, and potential for sustainable growth.
Union Pacific's (UNP) Q2 freight revenues increase 1% year over year.
Although the revenue and EPS for Union Pacific (UNP) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Union Pacific (UNP) came out with quarterly earnings of $2.74 per share, beating the Zacks Consensus Estimate of $2.70 per share. This compares to earnings of $2.57 per share a year ago.
Union Pacific Stock (NYSE: UNP) will report its Q2 2024 results on Thursday, July 25. We expect the company's revenues to come in at $6.10 billion and earnings of $2.73, slightly higher than the consensus estimates of $6.06 billion and $2.71, respectively.
Union Pacific's (UNP) bottom line benefits from the cost-cutting approach. Shareholder-friendly efforts bode well.
Union Pacific's (UNP) consistent efforts to reward its shareholders through dividend hikes highlight its financial bliss.
Union Pacific (UNP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.