UNP - Chugging To The Top: Union Pacific's Earnings Finally Outperform (Rating Upgrade)
2024-04-26 09:10:16 ET
Summary
- Union Pacific reports earnings growth despite tough environment, with flat operating revenue and a 1% volume decline.
- The company's efficiency is improving.
- In this article, I explain why I am upgrading my rating after this unexpected earnings report.
Union Pacific Q1 Earnings
Jim Vena, Union Pacific's CEO, is nailing it. We are finally seeing Union Pacific ( UNP ) report stronger earnings and overperforming the industry, instead of being the laggard . Union Pacific's earnings showed the company's strength amidst a soft freight environment and Union Pacific's shares jumped up over 4% as the press release was available. In this article, I will walk you through the report, showing why I now see it appropriate to rate UNP as a buy....
Chugging To The Top: Union Pacific's Earnings Finally Outperform (Rating Upgrade)