For the quarter ended December 2022, Norfolk Southern (NSC - Free Report) reported revenue of $3.24 billion, up 13.5% over the same period last year. EPS came in at $3.42, compared to $3.12 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.18 billion, representing a surprise of +1.88%. The company delivered an EPS surprise of +0.29%, with the consensus EPS estimate being $3.41.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Norfolk Southern performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Ratio: 63.5% compared to the 62.33% average estimate based on four analysts.
- Revenue- Intermodal [$M]: $913 million versus the three-analyst average estimate of $905.12 million. The reported number represents a year-over-year change of +9.9%.
- Revenue- Coal [$M]: $448 million compared to the $401.35 million average estimate based on three analysts. The reported number represents a change of +28% year over year.
- Revenue- Merchandise - Automotive [$M]: $279 million versus the three-analyst average estimate of $263.60 million. The reported number represents a year-over-year change of +15.8%.
- Revenue- Merchandise - Chemicals [$M]: $528 million versus $539.21 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.
- Revenue- Merchandise - Metals/construction [$M]: $415 million versus the three-analyst average estimate of $411.17 million. The reported number represents a year-over-year change of +13.4%.
- Revenue- Merchandise - Agriculture, Forest and Consumer Products: $654 million versus the three-analyst average estimate of $622.66 million. The reported number represents a year-over-year change of +14.7%.
View all Key Company Metrics for Norfolk Southern here>>>
Shares of Norfolk Southern have returned +2.6% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended December 2022, Norfolk Southern (NSC - Free Report) reported revenue of $3.24 billion, up 13.5% over the same period last year. EPS came in at $3.42, compared to $3.12 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.18 billion, representing a surprise of +1.88%. The company delivered an EPS surprise of +0.29%, with the consensus EPS estimate being $3.41.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Norfolk Southern performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Norfolk Southern here>>>
Shares of Norfolk Southern have returned +2.6% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Free Report: Must-See Energy Stocks for 2023
Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!)
Download Oil Market on Fire today, absolutely free.
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