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Shares of Union Pacific (NYSE:UNP) rose Thursday morning after the company topped Street expectations. The Omaha-based company posted earnings of $2.51 per share, down from $3.05 a year ago but above analyst estimates of $2.44.
Union Pacific (UNP) came out with quarterly earnings of $2.51 per share, beating the Zacks Consensus Estimate of $2.45 per share. This compares to earnings of $3.19 per share a year ago.
The rail company posts third-quarter numbers that beat Wall Street estimates but the wider picture is concerning.
Union Pacific Corp.'s UNP, -2.56% stock was up by 3.2% in premarket trading on Thursday after the railroad's third-quarter profit beat analyst expectations despite inflation and a drop in carloads. Union Pacific said its profit fell to $1.53 billion, or $2.51 a share, from $1.9 billion or $3.05 a share in the year-ago period.
Union Pacific's financial data reveals a shift from years of generous shareholder rewards can be expected. Analysis of stock buybacks, debt, and earnings highlights potential challenges for the railroad giant's future. Some of their peers might be better investment opportunities at this moment.
Earnings will likely come in at about $2.50 per share, slightly above the consensus estimate of $2.47.
Union Pacific gets a Buy rating today. The bullish sentiment is driven by dividend growth, positive cash flow, share price trading below average, and a reasonable P/E ratio. It is offset by YoY earnings declines in the top and bottom line, underperformance vs S&P500, and overvaluation on price-to-book value.
OMAHA, Neb. — An explosion inside a shipping container at the world's largest railyard prompted evacuations in western Nebraska Thursday because of the toxic smoke generated when one of the chemicals aboard caught fire.
OMAHA, Neb. — Federal inspectors said they found an alarming number of defects in the locomotives and railcars Union Pacific was using at the world's largest railyard in western Nebraska this summer, and the railroad was reluctant to fix the problems.
A decline in volumes & high debt hurt Union Pacific (UNP).