Union Pacific (NYSE: UNP) is expected to report Q2 earnings on July 18. 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 expand 5.3% and EPS will expand 11.9%.

The average estimate for revenue is $5.50 billion. On the bottom line, the average EPS estimate is $2.35.

Revenue details
 Last quarter, Union Pacific logged revenue of $5.29 billion. GAAP reported sales were 3.5% higher than the prior-year quarter's $5.11 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 $2.03. GAAP EPS of $2.03 for Q1 were 13% higher than the prior-year quarter's $1.79 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 43.6%, 150 basis points better than the prior-year quarter. Operating margin was 30.9%, 140 basis points better than the prior-year quarter. Net margin was 18.1%, 120 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $22.26 billion. The average EPS estimate is $9.52.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,331 members out of 1,385 rating the stock outperform, and 54 members rating it underperform. Among 362 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 353 give Union Pacific a green thumbs-up, and nine 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 $147.35.

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