Union Pacific (UNP) Beats on Q1 Earnings & Revenue Estimates

Zacks04-26

Union Pacific Corporation’s UNP first-quarter 2024 earnings of $2.69 per share beat the Zacks Consensus Estimate of $2.50 per share. The bottom line improved 0.75% on a year-over-year basis. Results ...

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Results ...</p>\n\n<a href=\"https://finance.yahoo.com/news/union-pacific-unp-beats-q1-165200058.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Union Pacific (UNP) Beats on Q1 Earnings & Revenue Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnion Pacific (UNP) Beats on Q1 Earnings & Revenue Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 00:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/union-pacific-unp-beats-q1-165200058.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Union Pacific Corporation’s UNP first-quarter 2024 earnings of $2.69 per share beat the Zacks Consensus Estimate of $2.50 per share. The bottom line improved 0.75% on a year-over-year basis. Results ...</p>\n\n<a href=\"https://finance.yahoo.com/news/union-pacific-unp-beats-q1-165200058.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UNP","symbol_name":"联合太平洋","start_time":0,"source_url":"https://finance.yahoo.com/news/union-pacific-unp-beats-q1-165200058.html","article_id":"2430725538","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/PxOsKZ7mUiZUC0_3631rDw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6532783c7cf070d2adbe0a4c88dc4b19"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430725538","pubTimestamp":1714063920,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Union Pacific Corporation’s UNP first-quarter 2024 earnings of $2.69 per share beat the Zacks Consensus Estimate of $2.50 per share. The bottom line improved 0.75% on a year-over-year basis. Results were aided by strong operational efficiency and favorable pricing.Operating revenues of $6.03 billion marginally beat the Zacks Consensus Estimate of $6 billion. The top line declined 0.41% on a year-over-year basis due to core pricing gains and business mix, offset by reduced fuel surcharge revenues and lower volumes.Freight revenues, accounting for 93.2% of the top line, decreased 1% to $5.62 billion. The actual figure was less than our estimate of $5.67 billion. Other revenues increased 4% to $415 million in the first quarter. Business volumes, measured by total revenue carloads, were down 1%.Operating income was up 3% year over year at $2.4 billion.Total operating expenses of $3.66 billion declined 3% year over year. Fuel expenses plunged 14%. Expenses on purchased services and material","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"UNP":"联合太平洋"},"translate_title":"联合太平洋公司（Union Pacific）超过Q1盈利和收入预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UNP":1},"content_text":"Union Pacific Corporation’s UNP first-quarter 2024 earnings of $2.69 per share beat the Zacks Consensus Estimate of $2.50 per share. The bottom line improved 0.75% on a year-over-year basis. Results were aided by strong operational efficiency and favorable pricing.\nOperating revenues of $6.03 billion marginally beat the Zacks Consensus Estimate of $6 billion. The top line declined 0.41% on a year-over-year basis due to core pricing gains and business mix, offset by reduced fuel surcharge revenues and lower volumes.\nFreight revenues, accounting for 93.2% of the top line, decreased 1% to $5.62 billion. The actual figure was less than our estimate of $5.67 billion. Other revenues increased 4% to $415 million in the first quarter. Business volumes, measured by total revenue carloads, were down 1%.\nOperating income was up 3% year over year at $2.4 billion.\nTotal operating expenses of $3.66 billion declined 3% year over year. Fuel expenses plunged 14%. Expenses on purchased services and materials fell by 6%.\nCompensation and benefits were up 4% year over year. Other cost items declined 1% year over year.\nThe operating ratio (operating expenses as a percentage of revenues)\n\nUnion Pacific Corporation Price, Consensus and EPS Surprise\n  \nUnion Pacific Corporation price-consensus-eps-surprise-chart | Union Pacific Corporation Quote\n\nSegmental Performance\nBulk (Grain & grain products, Fertilizer, Food & refrigerated, Coal & renewables) freight revenues were $1.82 billion, which declined 4% on a year-over-year basis.  However, we projected the metric to fall 0.1% from the year-ago levels. Segmental revenue carloads improved 3% year over year.\nIndustrial freight revenues totaled $2.1 billion, up 4% year over year. Segmental revenue carloads grew 1% year over year.\nFreight revenues in the Premium division were $1.7 billion, down 3% year over year. The actual percentage decline was less than our expectation of a 1.1% fall from the prior-year levels.  Premium revenue carloads improved 1%. improved by 140 basis points year over year to 60.7%.  \nLiquidity\nUnion Pacific exited the first quarter of 2024 with cash and cash equivalents of $925 million compared with $1.06 billion in the same time period in 2023. Debt (due after a year) increased to $31.20 billion at the March-end quarter from $31.16 billion at 2023-end.\nCurrently, Union Pacific carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nOutlook\nThe company expects current-year profitability to gain momentum due to a strong service product, improving network efficiency and solid pricing.  \nManagement has decided to restart the share repurchase in the second quarter of 2024.\nUNP still expects volumes in the current year to be muted by the international intermodal business loss, lower coal demand and soft economic conditions. Management anticipates capital expenditure of $3.4 billion for the full year.\nQ1 Performances of Some Other Transportation Companies\nDelta Air Lines’ DAL first-quarter 2024 earnings (excluding 39 cents from non-recurring items) of 45 cents per share comfortably beat the Zacks Consensus Estimate of $0.36 and improved 7.75% year over year.\nRevenues of $13.75billion surpassed the Zacks Consensus Estimate of $12.84 billion and increased 7.75% on a year-over-year basis. Adjusted operating revenues (excluding third-party refinery sales) came in at $12.6 billion, up 6% year over year.\nUnited Airlines UAL reported a first-quarter 2024 loss (excluding 23 cents from non-recurring items) of 15 cents per share, narrower than the Zacks Consensus Estimate of 53 cents and improved 76.19% year over year.\nOperating revenues of $12.54 billion beat the Zacks Consensus Estimate of $12.43 billion. The top line increased 9.71% year over year due to upbeat air travel demand. Cargo revenues fell 1.8% year over year to $391 million. Revenues from other sources jumped 10.3% year over year to $835 million.\nJ.B. Hunt Transport Services’ JBHT first-quarter 2024 earnings per share of $1.22 missed the Zacks Consensus Estimate of $1.53 and declined 35.45% year over year.\nTotal operating revenues of $2.94 billion lagged the Zacks Consensus Estimate of $3.12 billion and fell 9% year over year. Total operating revenues, excluding fuel surcharge revenues, decreased approximately 6.5% year over year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nDelta Air Lines, Inc. (DAL) : Free Stock Analysis Report\nUnited Airlines Holdings Inc (UAL) : Free Stock Analysis Report\nUnion Pacific Corporation (UNP) : Free Stock Analysis Report\nJ.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430725538"}