Will Harvey Mar Union Pacific (UNP) Results In Q3 Earnings?
Zacks Investment Research | Oct 22, 2017 09:56PM ET
Union Pacific Corporation (NYSE:UNP) is slated to release third-quarter 2017 results on Oct 26, before the market opens.
Last quarter, the company delivered a positive earnings surprise of 5.8%. Also, the company has an impressive earnings history, having surpassed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 3.7%.
Let’s see what awaits the company in the third quarter.
Factors at Play
The company expects the Hurricane Harvey to hurt its bottom line to the tune of approximately 5 cents per share in the third quarter.
Additionally, the company expects its automotive unit to suffer in the third quarter. Sluggish auto production is likely to hamper results this yet-to-be-reported quarter. The Zacks Consensus Estimate for automotive revenues stands at $490 million, lower than $513 million reported in the previous quarter.
Units like agricultural products and chemicals are also expected to register below-par volumes in the quarter to be reported. For agricultural products, the Zacks Consensus Estimate stands at $917 million. While for chemicals, the metric stands at $892 million, slightly lower than the $898 million reported in second-quarter 2017.
Shares of the company have underperformed its Earnings ESP Filter .
Zacks Rank: Union Pacific carries a Zacks Rank #3, which increases the predictive power of ESP. However, the company’s negative ESP leaves our surprise prediction inconclusive.
We caution against all Sell-rated stocks (#4 or 5) going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Union Pacific Corporation Price and EPS Surprise
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