Union Pacific (UNP) Misses Q3 EPS by 3c; offers outlook

Union Pacific (NYSE: UNP) reported Q3 EPS of $2.75, $0.03 worse than the analyst estimate of $2.78. Revenue for the quarter came in at $6.09 billion versus the consensus estimate of $6.14 billion.

OUTLOOK

2024 Outlook

Updated

Fourth quarter results expected to be consistent sequentially from third quarter while improving year-over-year versus the fourth quarter 2023.

Affirmed

Profitability outlook continues positive momentum with strong service product, improving network efficiency, and solid pricing
Share repurchases of ~$1.5 billion in 2024
Pricing dollars in excess of inflation dollars
No change to long-term capital allocation strategy

Capital plan of $3.4 billion

For earnings history and earnings-related data on Union Pacific (UNP) click here.

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