Union Pacific (UNP) to Document Q3 Earnings: What’s in Store?
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Union Pacific Corporation UNP is slated to release third-quarter 2021 results on Oct 21, forward of market delivery.
– Zacks
The railroad operator’s earnings surpassed the Zacks Consensus Estimate in two of the closing four quarters and lagged the identical on the closing cases. The frequent beat is 1.9%.
The Zacks Consensus Estimate for third-quarter earnings has been revised 2.7% downward in the past 60 days.
Against this backdrop, let’s buy a bear a look on the factors that might per chance per chance well also unbiased want formed the corporate’s September-quarter performance.
We are expecting Union Pacific’s performance in the September quarter to were injure by Typhoon Ida. The Zacks Consensus Estimate for complete carloads (measure of volumes) in the third quarter signifies a 1% dip from the number reported in the 2d quarter of 2021.
As a consequence of the low cost in volumes, third-quarter freight revenues, which tale for almost all of the railroad operator’s high line, are liable to bear declined sequentially. The Zacks Consensus Estimate for third-quarter freight revenues is for the time being pegged at $5,088 million, implying a roughly 1% decrease from the figure reported in 2d-quarter 2021.
Because frail revenues, the working ratio (working prices as a % of revenues) can also need deteriorated in the to-be-reported quarter. Lower the price of the working ratio, the upper. The Zacks Consensus Estimate for the September quarter’s working ratio hints at worsening to 56% from the June quarter’s reported number of 55%.
Amplify in gas price per gallon as a result of uptick in oil prices is liable to bear dented the underside line in the quarter to be reported. The Zacks Consensus Estimate for gas price per gallon for the September quarter is for the time being pegged at $2.29, implying a upward thrust from $2.16 recorded in the June quarter.
What Does the Zacks Mannequin Inform?
The confirmed Zacks model would now not predict an earnings beat for Union Pacific this time round. The mix of a sure Earnings ESP and a Zacks Deplorable #1 (Solid Hang), 2 (Hang) or 3 (Retain) will increase the potentialities of beating estimates, which is rarely the case right here. That that it is possible you’ll also survey your complete list of this day’s Zacks #1 Deplorable shares right here.
Earnings ESP: Union Pacific has an Earnings ESP of -1.39% as the Most Just correct Estimate is 4 cents lower than the Zacks Consensus Estimate of $2.53. That that it is possible you’ll also show the most reasonable shares to put off or sell forward of they’re reported with our Earnings ESP Filter.
Zacks Deplorable: Union Pacific carries a Zacks Deplorable #4 (Sell), for the time being.
Highlights of Q2 Earnings
Union Pacific’s earnings of $2.72 per share surpassed the Zacks Consensus Estimate of $2.55. Moreover, the underside line surged 62.9% on a 300 and sixty five days-over-300 and sixty five days foundation. Working revenues of $5,504 million additionally beat the Zacks Consensus Estimate of $5,384.3 million.
Stocks to Take into tale
Investors in the broader Transportation sector can also unbiased set up in recommendations C.H. Robinson Worldwide CHRW, Knight-Swift Transportation Holdings KNX and Landstar Machine LSTR as these shares have the correct aggregate of ingredients to beat on earnings this reporting cycle.
C.H. Robinson Worldwide has an Earnings ESP of +1.20% and is Zacks #3 Ranked, for the time being. The corporate will release third-quarter 2021 results on Oct 26.
Knight-Swift has an Earnings ESP of +1.33% and a Zacks Deplorable #3 for the time being. The corporate is scheduled to file third-quarter earnings numbers on Oct 20.
Landstar Machine has an Earnings ESP of +4.13% and is for the time being a #2 Ranked player. The corporate will release third-quarter 2021 results on Oct 20.
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Union Pacific Corporation (UNP): Free Stock Diagnosis Document
C.H. Robinson Worldwide, Inc. (CHRW): Free Stock Diagnosis Document
KnightSwift Transportation Holdings Inc. (KNX): Free Stock Diagnosis Document
Landstar Machine, Inc. (LSTR): Free Stock Diagnosis Document
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