Have Analysts’ Views Changed for Union Pacific after Its 2Q17 Earnings?
Out of 31 analysts, seven analysts (or 23%) recommended a “strong buy” for UNP stock.
Union Pacific recorded a rise of 340 basis points in its 2Q17 operating margin. Its operating margin was 38.2%, up from 34.8% in 2Q16.
UNP’s industrial shipments rose 15% in 2Q17 compared to 2Q16.
In 2Q17, UNP’s Chemicals segment’s revenues rose 4% to $898.0 million from $864.0 million in 2Q16.
In 2Q17, Union Pacific saw its agricultural products’ volume rising 3% compared with 2Q16.
UNP’s overall shipments for its Intermodal segment rose 2% in 2Q17.
On July 20, Western US freight rail giant Union Pacific (UNP) announced its 2Q17 results. UNP reported adjusted earnings per share of $1.45, surpassing Wall Street’s estimate by 4.4%.
Arconic (ARNC) stock saw negative price action toward the end of June on reports that it supplied parts for Grenfell Tower in London (EWU) (UKX-INDEX).
Arconic expects to post revenues between $12.3 billion and $12.7 billion this year.
In 2Q17, Arconic generated adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $444 million, up 3% as compared to the corresponding period last year.
Of the 19 analysts that cover Philip Morris, 47.4% are recommending a “buy,” 47.4% are recommending a “hold,” and 5.3% are recommending a “sell.”
On July 24, 2017, Philip Morris was trading at 23.0x compared to 23.3x before the announcement of its 2Q17 earnings.
In 2Q17, Philip Morris International (PM) posted adjusted earnings per share of $1.14, which represents a 0.9% fall from $1.15 in 2Q16.
In 2Q17, Philip Morris’s cost of goods sold increased from 35.6% to 36.4% due to an unfavorable cost comparison in 2Q16.
For the next four quarters, analysts expect Philip Morris International (PM) to post revenues of ~$30.3 billion.
In 2Q17, Philip Morris International (PM) posted revenues of ~$6.9 billion, which represents growth of 4.0% from ~$6.7 billion in 2Q16.
Philip Morris International (PM) posted its 2Q17 earnings on July 20, 2017. The company posted adjusted earnings per share of $1.14 on net revenues of ~$6.9 billion.
Halliburton stock will likely close between $43.96 and $41.06 in the next seven days. Halliburton’s stock price was $42.51 on July 24, 2017.
Halliburton released its financial results for 2Q17 on July 24, 2017. Its stock price fell 4.2% to $42.51 from the previous day’s close.
In 1H17, Halliburton’s revenues rose 15%—compared to 1H16. It was able to significantly cut down on net losses during this period.