We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is a Beat in Store for Norfolk Southern in Q3 Earnings?
Read MoreHide Full Article
Norfolk Southern Corporation (NSC - Free Report) is scheduled to report third-quarter 2024 results on Oct. 22, before market open.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
The company has a disappointing earnings surprise history, having lagged the Zacks Consensus Estimate in three of the preceding four quarters (surpassed once), the average miss being 0.45%.
Let’s see how things have shaped up for NSC this earnings season.
NSC’s Q3 Expectations
The Zacks Consensus Estimate for NSC’sthird-quarter 2024 revenues is pegged at $3.09 billion, indicating 4% growth year over year. The top line is likely to have benefited from solid performances of its Merchandise segment, partially offset by weakness across its Coal segment.
The Zacks Consensus Estimate for the third-quarter Merchandise revenues is pegged at $771.07 million, indicating 4.6% growth from the year-ago reported figure. The consensus mark for Coalsegment revenues is pegged at $417.87million, implying a 3.7% decrease from the third-quarter 2023 reported number.
On the flip side, weakness pertaining to freight revenues and volumes do not bode well for NSC. The company's high debt load and share price volatility are also causes for worry. The Zacks Consensus Estimate for NSC’s third-quarter 2024 earnings has remained constant at $3.10 per share in the past 90 days.
What Our Model Says for NSC
Our proven model predicts an earnings beat for Norfolk Southern this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Norfolk Southern has an Earnings ESP of +0.02% and a Zacks Rank #3.
Norfolk Southern Corporation Price and EPS Surprise
Quarterly earnings of $3.06 per share surpassed the Zacks Consensus Estimate of $2.85 and improved 4% year over year.
Railway operating revenues were $3.04 billion in the second quarter, surpassing the Zacks Consensus Estimate of $3.02 billion. The top line increased 2% year over year, with strength across its Merchandise segment.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
LUV is set to release third-quarter results on Oct. 24. Upbeat air-travel demand is likely to have aided the quarterly performance.
The Zacks Consensus Estimate for third-quarter 2024 earnings has moved north 116.7% in the past 60 days to 4 cents per share. LUV’s earnings surpassed the Zacks Consensus Estimate in two of the preceding four quarters, missed once and met in the other, delivering an average surprise of 61.6%.
C.H. Robinson (CHRW - Free Report) has an Earnings ESP of +5.14% and a Zacks Rank #3 at present. CHRW is scheduled to report third-quarter 2024 earnings on Oct. 30. Low operating costs are expected to have aided CHRW’s performance in the to-be-reported quarter.
The Zacks Consensus Estimate for third-quarter earnings has been revised 1.9% upward in the past 60 days. CHRW’s earnings beat the Zacks Consensus Estimate in three of the preceding four quarters and missed once, the average beat being 7.3%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is a Beat in Store for Norfolk Southern in Q3 Earnings?
Norfolk Southern Corporation (NSC - Free Report) is scheduled to report third-quarter 2024 results on Oct. 22, before market open.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
The company has a disappointing earnings surprise history, having lagged the Zacks Consensus Estimate in three of the preceding four quarters (surpassed once), the average miss being 0.45%.
Let’s see how things have shaped up for NSC this earnings season.
NSC’s Q3 Expectations
The Zacks Consensus Estimate for NSC’sthird-quarter 2024 revenues is pegged at $3.09 billion, indicating 4% growth year over year. The top line is likely to have benefited from solid performances of its Merchandise segment, partially offset by weakness across its Coal segment.
The Zacks Consensus Estimate for the third-quarter Merchandise revenues is pegged at $771.07 million, indicating 4.6% growth from the year-ago reported figure. The consensus mark for Coalsegment revenues is pegged at $417.87million, implying a 3.7% decrease from the third-quarter 2023 reported number.
On the flip side, weakness pertaining to freight revenues and volumes do not bode well for NSC. The company's high debt load and share price volatility are also causes for worry. The Zacks Consensus Estimate for NSC’s third-quarter 2024 earnings has remained constant at $3.10 per share in the past 90 days.
What Our Model Says for NSC
Our proven model predicts an earnings beat for Norfolk Southern this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Norfolk Southern has an Earnings ESP of +0.02% and a Zacks Rank #3.
Norfolk Southern Corporation Price and EPS Surprise
Norfolk Southern Corporation price-eps-surprise | Norfolk Southern Corporation Quote
NSC’s Q2 Highlights
Quarterly earnings of $3.06 per share surpassed the Zacks Consensus Estimate of $2.85 and improved 4% year over year.
Railway operating revenues were $3.04 billion in the second quarter, surpassing the Zacks Consensus Estimate of $3.02 billion. The top line increased 2% year over year, with strength across its Merchandise segment.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Southwest Airlines (LUV - Free Report) has an Earnings ESP of +68.16% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
LUV is set to release third-quarter results on Oct. 24. Upbeat air-travel demand is likely to have aided the quarterly performance.
The Zacks Consensus Estimate for third-quarter 2024 earnings has moved north 116.7% in the past 60 days to 4 cents per share. LUV’s earnings surpassed the Zacks Consensus Estimate in two of the preceding four quarters, missed once and met in the other, delivering an average surprise of 61.6%.
C.H. Robinson (CHRW - Free Report) has an Earnings ESP of +5.14% and a Zacks Rank #3 at present. CHRW is scheduled to report third-quarter 2024 earnings on Oct. 30. Low operating costs are expected to have aided CHRW’s performance in the to-be-reported quarter.
The Zacks Consensus Estimate for third-quarter earnings has been revised 1.9% upward in the past 60 days. CHRW’s earnings beat the Zacks Consensus Estimate in three of the preceding four quarters and missed once, the average beat being 7.3%.