Union Pacific Corporation (UNP) earnings on July 23, 2026
More Union Pacific Corporation earnings
Prior outlook: Optimistic Outcome: Accurate
Union Pacific shares jumped 4% after reporting record freight revenue and raising its profit outlook, meeting investor expectations.
UNP price around the earnings
304.33
Change: +4.0%
2026-07-23, 20:00 UTC
End of the measured window
285.08
295.22
305.37
315.51
292.56
July 23, 2026
- Price: green if it ends above the starting price; red if it ends below
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Accurate
- Thesis published
- Results released
Strong trend strength and consistent earnings beats, but limited analyst upside caps binary event potential.
Context analyzed before publication
- Trend
- Declining trajectory from +82.3 to +25.1 over 6 days; trend strength strong but binary potential capped.
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.8
- Analysts covering the stock
- 24
- Average price target
- 306.67
- Lowest price target
- 239
- Highest price target
- 363
- Upside to price target
- 4.8%
- Quarterly earnings growth
- 4.6%
- Revenue growth
- 3.2%
- Forward EPS
- 13.87
- Trailing EPS
- 12.11
- Analyst moves in the last 60 days
- 8
- Strong buy: 3
- Buy: 14
- Hold: 7
- Sell: 0
- Strong sell: 1
- Strong buy
- 3
- Buy
- 14
- Hold
- 7
- Sell
- 0
- Strong sell
- 1
- July 15, 2026 · Benchmark: Maintains rating (Buy → Buy)
- July 15, 2026 · Citizens: Initiates coverage (Market Outperform)
- July 14, 2026 · Susquehanna: Maintains rating (Positive → Positive)
- July 13, 2026 · Raymond James: Maintains rating (Strong Buy → Strong Buy)
- July 10, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
- July 9, 2026 · Citigroup: Maintains rating (Buy → Buy)
- July 8, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- June 25, 2026 · Evercore ISI Group: Maintains rating (Outperform → Outperform)
News and sentiment
Evidence
Sentiment
- Sentiment
- Neutral
- Mentions
- 0
News
Sources (8)
- Reported Earlier, Union Pacific And CN Expand Network Rights To Strengthen Chicago Operations And Canada-Mexico Freight Service (opens in a new tab) — Benzinga
- Reported Earlier, Union Pacific-CN Pact Expands Customer Options, Grants CN Kansas City Access And Secures Support For Norfolk Southern Merger (opens in a new tab) — Benzinga
- Here's How Much $1000 Invested In Union Pacific 20 Years Ago Would Be Worth Today (opens in a new tab) — Benzinga
- Billionaire Investor Cuts Rail Bets, Slashing Norfolk Southern And Union Pacific Stakes (opens in a new tab) — Benzinga
- Benchmark Maintains Buy on Union Pacific, Raises Price Target to $325 (opens in a new tab) — Benzinga
- Citizens Initiates Coverage On Union Pacific with Market Outperform Rating, Announces Price Target of $350 (opens in a new tab) — Benzinga
- Susquehanna Maintains Positive on Union Pacific, Raises Price Target to $333 (opens in a new tab) — Benzinga
- Raymond James Maintains Strong Buy on Union Pacific, Raises Price Target to $363 (opens in a new tab) — Benzinga
Technicals
Evidence
- Average true range (ATR)
- 1.7%
- Distance to 52-week high
- -3.0%
- 14-day change (14d)
- +4.1%
- 30-day change (30d)
- +12.6%
- 30-day relative strength
- +12.2%
- SPY change (30d)
- +0.4%
- Nearest support
- 290.93
- Nearest resistance
- 293.32
- Volume accumulation ratio (14d / 46d)
- 1.07
Trends
Evidence
- Average earnings surprise
- +2.3%
- April 23, 2026: actual EPS 2.93 vs estimate 2.86 (surprise +2.4%)
- January 27, 2026: actual EPS 2.86 vs estimate 2.87 (surprise -0.3%)
- October 23, 2025: actual EPS 3.08 vs estimate 3 (surprise +2.8%)
- July 24, 2025: actual EPS 3.03 vs estimate 2.91 (surprise +4.2%)
Expected move
- Implied move
- +5.0%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 2%
- 75th percentile move
- 4.7%
- 90th percentile move
- 7%
- Up / down moves
- 10 / 10
- Average up move
- +3.6%
- Average down move
- -2.7%
Monitoring and close
What Union Pacific Corporation reported
- Status
- Finished
| Actual EPS | 3.41 |
|---|---|
| EPS estimate | 3.24 |
| EPS surprise | +5.2% |
| Revenue | $6,864 million |
| Revenue estimate | $6,713 million |
| Revenue surprise | +2.2% |
Union Pacific reported record Q2 revenue of $6.86B and raised its 2026 earnings outlook after beating estimates. Shares rose over 0.76% pre-market. Railroad stocks hit 52-week highs.
Sources (25)
- Why Union Pacific Stock Rose Today (opens in a new tab) — Motley Fool
- Union Pacific Corporation Q2 2026 Earnings Call Summary (opens in a new tab) — Moby
- Union Pacific Corp (UNP) Q2 2026 Earnings Call Highlights: Record Revenue and Strategic Growth ... (opens in a new tab) — GuruFocus.com
- Union Pacific posts record financial results, raises outlook (opens in a new tab) — FreightWaves
- B of A Securities Maintains Buy on Union Pacific, Raises Price Target to $334 (opens in a new tab) — Benzinga
- These Three Railroad Stocks Hit Fresh 52-Week Highs Today – What’s Got Investors Buzzing? (opens in a new tab) — Stocktwits
- UNP Q2 Earnings & Revenues Beat Estimates, Up Y/Y, EPS View Raised (opens in a new tab) — Zacks
- Norfolk, Union Pacific Top Second-Quarter Views on Strong Freight Demand, Higher Fuel Surcharges (opens in a new tab) — MT Newswires
- Union Pacific Posts Best-Ever Freight Revenue, Raises Profit Outlook (opens in a new tab) — Benzinga
- Union Pacific Corporation (UNP) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
- Railroad Stocks Rally as More Cargo Moves From Trucks to Trains (opens in a new tab) — The Wall Street Journal
- Union Pacific Q2 2026 Earnings Call Transcript (opens in a new tab) — Benzinga
- Union Pacific picks up Canadian National's support for its plan to acquire Norfolk Southern railroad (opens in a new tab) — Associated Press
- Union Pacific raises earnings outlook after second-quarter beat driven by freight volumes (NYSE:UNP) (opens in a new tab) — InvestorsHub
- Union Pacific (UNP) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates (opens in a new tab) — Zacks
- Union Pacific Corporation 2026 Q2 - Results - Earnings Call Presentation (opens in a new tab) — SeekingAlpha
- Union Pacific (UNP) Surpasses Q2 Earnings and Revenue Estimates (opens in a new tab) — Zacks
- Norfolk Southern Posts Higher Revenue as Demand Trends Improve (opens in a new tab) — The Wall Street Journal
- Union Pacific Logs Higher Profit, Revenue on Volume Growth (opens in a new tab) — The Wall Street Journal
- First look: Union Pacific earnings (opens in a new tab) — FreightWaves
- Union Pacific (NYSE:UNP) Surges on Earnings Beat, Showcasing Quality Stock Performance (opens in a new tab) — ChartMill
- CORRECTION: Union Pacific Q2 Adj. EPS $3.41 Beats $3.24 Estimate, Sales $6.864B Beat $6.713B Estimate (opens in a new tab) — Benzinga
- Union Pacific Reports Second Quarter 2026 Results (opens in a new tab) — Yahoo
- CN Railway Signs Deals with Union Pacific Over Operating Rights (opens in a new tab) — MT Newswires
- Union Pacific reported adjusted earnings of $3.41 per share, beating the $3.24 estimate, and revenue of $6.864B, above the $6.713B expected. — Benzinga
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, the figures confirm the optimistic scenario. In the 1260 past cases with a similar move, the close held that direction 86% of the time.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- +4.0%
- Max favorable move (MFE)
- 8%
- Max adverse move (MAE)
- 2.6%