Union Pacific Corp
UNP: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$636.00 | Kwpbh | Gdvhcrzt |
Union Pacific Earnings: Stubborn Intermodal and Margin Headwinds Persist but Outlook Stable
Union Pacific's third-quarter revenue declined 9.5% year over year on persistent intermodal weakness, easing accessorial income, unfavorable mix, and lower fuel surcharges. Revenue for the wide-moat, Class-I railroad came in shy of our forecast on yield noise (from mix and fuel) and greater-than-anticipated intermodal pricing pressure. Core carload pricing remains positive.