Union Pacific

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month price target by $5 to $186 using a forward P/E of 16.5x our 2025 EPS estimate, below the five-year average of 19.6x due to the ongoing Vancouver rail strike (weak West Coast) and the UAW strike. We lower our 2023 EPS view by $0.19 to $9.88, cut 2024’s by $0.25 to $10.55, and set 2025’s as $11.27. Q3 sales fell 10% Y/Y on lower volumes (-3%) and lower fuel surcharges (-8%), partially offset by price/mix (+1.5%). Lower volumes were driven by weak West Coast imports (lower Intermodal) and tight grain supplies. Op. income fell 17% Y/Y on lower volumes and fuel surcharges, despite fuel prices rising in Q3, due to UNP’s lag on its fuel surcharge program. UNP posted Q3 EPS of $2.51, […]

OMAHA, Neb., Oct. 19, 2023 — Earnings per diluted share of $2.51 — Operating revenue of $5.9 billion — Operating income of $2.2 billion OMAHA, Neb., Oct. 19, 2023  — Union Pacific Corporation (NYSE: UNP) today reported 2023 third quarter net income of $1.5 billion, or $2.51 per diluted share. This compares to 2022 third quarter net income of $1.9 billion, or $3.05 per diluted share. “We faced many challenges in the quarter, including continued inflationary pressures and a drop in carloads,” said Jim Vena, Union Pacific Chief Executive Officer. “Operationally we gained momentum through the quarter, which positions us to provide our customers with great service. Operating and safety metrics are showing solid improvement, as we increase asset utilization. We are aligning the team around our strategy focused on being the best in safety, service, and operational excellence as we drive growth to the railroad. Through our day-to-day actions,

UNION PACIFIC CORPORATION Posts Q3 Revenue $5.94B, vs. Street Est of $5.98B.