For the quarter ended March 2023, Norfolk Southern (NSC - Free Report) reported revenue of $3.13 billion, up 7.4% over the same period last year. EPS came in at $3.32, compared to $2.93 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.1 billion, representing a surprise of +1.04%. The company delivered an EPS surprise of +5.40%, with the consensus EPS estimate being $3.15.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
- Railway Operating Ratio: 77.3% versus 63.63% estimated by five analysts on average.
- Revenue ton miles: 43.9 billion compared to the 44.2 billion average estimate based on three analysts.
- Carloads (Units) - Volume - Merchandise: 565.3 thousand versus the three-analyst average estimate of 548.34 thousand.
- Carloads (Units) - Volume - Intermodal: 916.8 thousand compared to the 959.16 thousand average estimate based on three analysts.
- Revenue per Carload (Unit) - Total: $1,891 versus $1,832.57 estimated by three analysts on average.
- Railway operating revenues- Merchandise- Agriculture, Forest and Consumer Products: $653 million versus the four-analyst average estimate of $624.16 million. The reported number represents a year-over-year change of +14%.
- Railway operating revenues- Coal: $440 million versus $397.14 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.1% change.
- Railway operating revenues- Merchandise- Chemicals: $541 million compared to the $523.47 million average estimate based on four analysts. The reported number represents a change of +8.6% year over year.
- Railway operating revenues- Intermodal: $814 million compared to the $879.93 million average estimate based on four analysts. The reported number represents a change of -4.7% year over year.
- Railway operating revenues- Merchandise- Automotive: $284 million versus the four-analyst average estimate of $266.67 million. The reported number represents a year-over-year change of +25.7%.
- Railway operating revenues- Merchandise- Metals and construction: $400 million compared to the $403.89 million average estimate based on four analysts. The reported number represents a change of +6.7% year over year.
- Railway operating revenues- Merchandise: $1.88 billion compared to the $1.80 billion average estimate based on three analysts. The reported number represents a change of +12.3% year over year.
View all Key Company Metrics for Norfolk Southern here>>>Shares of Norfolk Southern have returned +1.2% over the past month versus the Zacks S&P 500 composite's +2.6% 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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It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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For the quarter ended March 2023, Norfolk Southern (NSC - Free Report) reported revenue of $3.13 billion, up 7.4% over the same period last year. EPS came in at $3.32, compared to $2.93 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.1 billion, representing a surprise of +1.04%. The company delivered an EPS surprise of +5.40%, with the consensus EPS estimate being $3.15.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
- Railway Operating Ratio: 77.3% versus 63.63% estimated by five analysts on average.
- Revenue ton miles: 43.9 billion compared to the 44.2 billion average estimate based on three analysts.
- Carloads (Units) - Volume - Merchandise: 565.3 thousand versus the three-analyst average estimate of 548.34 thousand.
- Carloads (Units) - Volume - Intermodal: 916.8 thousand compared to the 959.16 thousand average estimate based on three analysts.
- Revenue per Carload (Unit) - Total: $1,891 versus $1,832.57 estimated by three analysts on average.
- Railway operating revenues- Merchandise- Agriculture, Forest and Consumer Products: $653 million versus the four-analyst average estimate of $624.16 million. The reported number represents a year-over-year change of +14%.
- Railway operating revenues- Coal: $440 million versus $397.14 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.1% change.
- Railway operating revenues- Merchandise- Chemicals: $541 million compared to the $523.47 million average estimate based on four analysts. The reported number represents a change of +8.6% year over year.
- Railway operating revenues- Intermodal: $814 million compared to the $879.93 million average estimate based on four analysts. The reported number represents a change of -4.7% year over year.
- Railway operating revenues- Merchandise- Automotive: $284 million versus the four-analyst average estimate of $266.67 million. The reported number represents a year-over-year change of +25.7%.
- Railway operating revenues- Merchandise- Metals and construction: $400 million compared to the $403.89 million average estimate based on four analysts. The reported number represents a change of +6.7% year over year.
- Railway operating revenues- Merchandise: $1.88 billion compared to the $1.80 billion average estimate based on three analysts. The reported number represents a change of +12.3% year over year.
View all Key Company Metrics for Norfolk Southern here>>>Shares of Norfolk Southern have returned +1.2% over the past month versus the Zacks S&P 500 composite's +2.6% 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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