Union Pacific (NYSE: UNP) is expected to report Q2 earnings on July 19. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Union Pacific's revenues will increase 7.6% and EPS will grow 23.3%.

The average estimate for revenue is $5.23 billion. On the bottom line, the average EPS estimate is $1.96.

Revenue details
 Last quarter, Union Pacific tallied revenue of $5.11 billion. GAAP reported sales were 14% higher than the prior-year quarter's $4.49 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, EPS came in at $1.79. GAAP EPS of $1.79 for Q1 were 39% higher than the prior-year quarter's $1.29 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 42.1%, 380 basis points better than the prior-year quarter. Operating margin was 29.5%, 420 basis points better than the prior-year quarter. Net margin was 16.9%, 270 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $21.28 billion. The average EPS estimate is $8.15.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,275 members out of 1,322 rating the stock outperform, and 47 members rating it underperform. Among 327 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 319 give Union Pacific a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Union Pacific is outperform, with an average price target of $128.13.

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