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Norfolk Southern (NSC) Reports Q3 Earnings: What Key Metrics Have to Say
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Norfolk Southern (NSC - Free Report) reported $2.97 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 11.1%. EPS of $2.65 for the same period compares to $4.10 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.94 billion, representing a surprise of +0.97%. The company delivered an EPS surprise of -3.28%, with the consensus EPS estimate being $2.74.
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.
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: 74.6% compared to the 67.2% average estimate based on five analysts.
Revenue ton miles: 43.1 billion compared to the 45.71 billion average estimate based on three analysts.
Carloads (Units) - Volume - Merchandise: 555.1 thousand compared to the 558.51 thousand average estimate based on three analysts.
Carloads (Units) - Volume - Intermodal: 965.4 thousand compared to the 940.8 thousand average estimate based on three analysts.
Revenue per Carload (Unit) - Total: $1,760 versus the three-analyst average estimate of $1,791.95.
Railway operating revenues- Merchandise- Agriculture, Forest and Consumer Products: $611 million versus $612.47 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.
Railway operating revenues- Coal: $434 million versus the four-analyst average estimate of $370.95 million. The reported number represents a year-over-year change of -7.9%.
Railway operating revenues- Merchandise- Chemicals: $498 million versus $515.31 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -12.6% change.
Railway operating revenues- Intermodal: $737 million compared to the $767.98 million average estimate based on four analysts. The reported number represents a change of -21.8% year over year.
Railway operating revenues- Merchandise- Automotive: $274 million versus $284.20 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.7% change.
Railway operating revenues- Merchandise- Metals and construction: $417 million versus $411.78 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -5.7% change.
Railway operating revenues- Merchandise: $1.80 billion compared to the $1.85 billion average estimate based on three analysts. The reported number represents a change of -6.7% year over year.
Shares of Norfolk Southern have returned -1% over the past month versus the Zacks S&P 500 composite's -1.6% 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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Norfolk Southern (NSC) Reports Q3 Earnings: What Key Metrics Have to Say
Norfolk Southern (NSC - Free Report) reported $2.97 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 11.1%. EPS of $2.65 for the same period compares to $4.10 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.94 billion, representing a surprise of +0.97%. The company delivered an EPS surprise of -3.28%, with the consensus EPS estimate being $2.74.
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.
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: 74.6% compared to the 67.2% average estimate based on five analysts.
- Revenue ton miles: 43.1 billion compared to the 45.71 billion average estimate based on three analysts.
- Carloads (Units) - Volume - Merchandise: 555.1 thousand compared to the 558.51 thousand average estimate based on three analysts.
- Carloads (Units) - Volume - Intermodal: 965.4 thousand compared to the 940.8 thousand average estimate based on three analysts.
- Revenue per Carload (Unit) - Total: $1,760 versus the three-analyst average estimate of $1,791.95.
- Railway operating revenues- Merchandise- Agriculture, Forest and Consumer Products: $611 million versus $612.47 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.
- Railway operating revenues- Coal: $434 million versus the four-analyst average estimate of $370.95 million. The reported number represents a year-over-year change of -7.9%.
- Railway operating revenues- Merchandise- Chemicals: $498 million versus $515.31 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -12.6% change.
- Railway operating revenues- Intermodal: $737 million compared to the $767.98 million average estimate based on four analysts. The reported number represents a change of -21.8% year over year.
- Railway operating revenues- Merchandise- Automotive: $274 million versus $284.20 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.7% change.
- Railway operating revenues- Merchandise- Metals and construction: $417 million versus $411.78 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -5.7% change.
- Railway operating revenues- Merchandise: $1.80 billion compared to the $1.85 billion average estimate based on three analysts. The reported number represents a change of -6.7% year over year.
View all Key Company Metrics for Norfolk Southern here>>>Shares of Norfolk Southern have returned -1% over the past month versus the Zacks S&P 500 composite's -1.6% 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.