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Norfolk Southern (NSC) Beats on Q2 Earnings

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Norfolk Southern Corp. (NSC - Free Report) controls a major freight railroad, Norfolk Southern Railway Company. The company is primarily engaged in the rail transportation of raw material, intermediate products and finished goods, primarily in Southeast, East and Midwest United States. It provides comprehensive logistics services and offers the most extensive intermodal network on the eastern side of the United States.

Norfolk Southern has an impressive record with respect to earnings. The railroad operator has beaten the Zacks Consensus Estimate in each of the four quarters. The average earnings beat is 5.04%.

Zacks Rank: Currently, Norfolk Southern has a Zacks Rank #2 (Buy), but that could definitely change following Norfolk Southern’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Norfolk Southern’s second quarter 2017 earnings per share of $1.71 beat the Zacks Consensus Estimate of $1.64. Earnings were up 25.74% on a year-over-year basis.

Revenue: Railway operating revenues in the second quarter of 2017 came in at $2,637 million, slightly below the Zacks Consensus Estimate of $2,641.2 million. Revenues however increased 7.4% on a year over year basis.

Key Stats:Operating ratio in the reported quarter was 66.3%. Coal revenues climbed 31.8% year over year to $447 million.

Check back later for our full write up on this Norfolk Southern earnings report later!

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