Union Pacific (UNP) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $3.53
- Estimate
- $3.48
- Surprise
- +1.6%
- Revenue (period 2026-09-30)
- $7.20B
- Score at report (before → after)
- 5.8 → 5.6/10
Revenue source: xbrl.
How the report landed
Union Pacific (UNP) beat the $3.48 estimate with adjusted EPS of $3.53 — a modest 1.6% upside surprise. TrendMatrix's engine moved from Sell (5.8/10) to Hold at 5.6/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates UNP Hold at 5.7/10.
3 of the last 4 quarters beat the estimate; this quarter's +1.6% surprise compares with a +2.2% four-quarter average.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.5 in RISK_OFF)
- Strong earnings beat streak (3/4)
What argues against it
- Analyst target reached - limited upside remaining
- Sector modifier (Industrials): -0.7
- Leverage penalty (D/E 1.5): -1.0
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $290.68
- Price target
- $295.90
- Stop
- $279.78
- Upside to target
- +1.8%
- Reward-to-risk
- 0.2:1
At 23.3× trailing and 20.8× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-10-23 — shown for context, not personalized investment advice.
UNP at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Railroads
- Market cap
- $177.09B
- P/E (fwd)
- 20.8
- P/E (ttm)
- 23.3
- 52-week range
- $215.53–$315.99
- Off 52-week high
- 8.0%
- RSI (14)
- 68
- Volume vs avg
- 0.10×
- Score today
- 5.7/10