Freight transportation company Union Pacific (NYSE:UNP) will be announcing earnings results tomorrow before market hours. Here’s what investors should know.

Union Pacific missed analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $6.09 billion, up 2.5% year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates.

Is Union Pacific a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Union Pacific’s revenue to be flat year on year at $6.15 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $2.79 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Union Pacific has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Union Pacific’s peers in the transportation and logistics segment, only FedEx has reported results so far. It missed analysts’ revenue estimates by 0.6% and delivered flat year-on-year revenue. 

There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 5.3% on average over the last month. Union Pacific is up 2.3% during the same time and is heading into earnings with an average analyst price target of $256.79 (compared to the current share price of $236.73).

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