Union Pacific Corporation (NYSE:UNP) railroads operator, is reporting third quarter earnings results on Thursday 22nd October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 2.05 per share.
For the full year, analysts predict revenues of $ 19395.40 million, while looking forward to income of $ 7.94 per share.
Previous Quarter Performance
Union Pacific Corporation posted income for the second quarter of $ 1.67 per share, from the revenue of $ 4,244.00 million. The quarterly earnings fell 24.77 percent while revenues dropped 24.16 percent compared with the same quarter last year.
Wall street analysts are predicting, UNP to report 2Q20 income of $ 1.55 per share from revenue of $ 4366.69 million. The bottom line results beat street analysts by $ 0.12 or 7.74 percent, at the same time, top line results fell short of analysts by $ 122.69 million or 2.81 percent.
Stock Performance
Shares of Union Pacific Corporation traded low $ -5.98 or -2.89 percent on Wednesday, reaching $ 200.80 with volume of 2.81 million shares. The stock opened down for the day at $ 200.05, after closing the previous day trading at $ 206.78.
According to the previous trading day, closing price of $ 206.78, representing a 96.78 % increase from the 52 week low of $ 105.08 and a 1.98 % decrease over the 52 week high of $ 210.95.
The company has a market capital of $ 136.31 billion and is part of the Industrials sector and Railroads industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 138.00 target price.
- On 30th September 2020, maintained by Bank of America at Buy rating, with $ 220.00 target price.
- On 29th September 2020, maintained by Raymond James at Strong Buy rating, with $ 227.00 target price.
- On 24th September 2020, maintained by Benchmark at Buy rating, with $ 220.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.97 per share on July 30, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Union Pacific Corporation will be hosting a conference call at 8:45 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.up.com
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles. As of December 31, 2018, its rail network included 32,236 route miles linking Pacific Coast and Gulf Coast ports with the Midwest and Eastern United States gateways.
