Railroad stocks Union Pacific Corporation (UNP) and CSX Corporation (CSX) are scheduled to release their third-quarter results on October 19. It may not be wise to invest in UNP and CSX before their upcoming earnings releases for reasons discussed throughout this article. However, closely watching these stocks as they report their results might offer excellent entry points in them.
For the third quarter ended September 30, 2023, UNP’s EPS is expected to decline 20.2% year-over-year to $2.43, while its revenue is expected to decline 8.9% year-over-year to $5.98 billion. Similarly, CSX’s EPS for the third quarter is expected to decline 17.6% year-over-year to $0.43, and its revenue for the same quarter is expected to decline 8.5% year-over-year to $3.56 billion.
