Union Pacific Stock (NYSE: UNP) will report its Q3 2023 results on Thursday, October 19. We expect the company’s revenues to come in at $6.0 billion, aligning with the consensus estimate. This would mark a year-over-year decline of about 8%. Earnings will likely come in at about $2.50 per share, slightly above the consensus estimate of $2.47. See our interactive dashboard analysis on Union Pacific’s Earnings Preview for more details on how the company’s revenues and earnings will likely trend for the quarter. So, what are some trends likely to drive Union Pacific’s
UNP
UNP stock has seen little change, moving slightly from levels of $210 in early January 2021 to around $210 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. Overall, the performance of UNP stock with respect to the index has been lackluster. Returns for the stock were 21% in 2021, -18% in 2022, and 2% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 – indicating that UNP underperformed the S&P in 2021 and 2023.
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