Union Pacific Stock (NYSE: UNP) will report its Q2 2023 results on Wednesday, July 26. We expect the company’s revenues to come in at $6.2 billion, marginally above the consensus estimate of $6.1 billion. This would mark a year-over-year decline of about 2%. Earnings will likely come in at about $2.80 per share, slightly above the consensus estimate of $2.76. 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 of the trends that are likely to drive Union Pacific’s
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Union Pacific should benefit from robust bulk freight demand. However, with fuel prices cooling off, it will likely weigh on overall fuel surcharges and average revenue per carload. The total volume of carloads is also expected to see a marginal decline compared to the prior-year quarter. Looking at Q1’23, Union Pacific’s revenues of $6.1 billion reflected a 3% y-o-y growth, led by a 6% rise in average revenue per unit, while its total volume of carloads was down 1%, and other revenues were down 5%.
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