Preview: Union Pacific's Earnings
Portfolio Pulse from Benzinga Insights
Union Pacific (NYSE:UNP) is expected to release its quarterly earnings report on January 25, 2024, with an estimated EPS of $2.57. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Union Pacific's stock price has been sensitive to earnings performance and guidance rather than just meeting or beating estimates. Last quarter, UNP beat the EPS estimate by $0.07, resulting in a 0.48% stock price increase the following day. Over the past year, UNP shares have risen by 21.25%, trading at $243.33 as of January 23.
January 24, 2024 | 5:01 pm
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POSITIVE IMPACT
Union Pacific is anticipated to report quarterly earnings with an EPS estimate of $2.57. Positive guidance and earnings performance could influence the stock price, as seen in the past. Shares have been performing well, with a 21.25% increase over the last 52 weeks.
Given Union Pacific's history of stock price sensitivity to earnings performance and guidance, a positive report and forecast could lead to a short-term increase in stock price. The company's recent track record of beating EPS estimates and the overall positive trend in share price over the past year suggest a likelihood of a favorable market reaction if the upcoming earnings report meets or exceeds expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100