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.
Unveiling Norfolk Southern (NSC) Q3 Outlook: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect Norfolk Southern (NSC - Free Report) to post quarterly earnings of $3.18 per share in its upcoming report, which indicates a year-over-year decline of 2.2%. Revenues are expected to be $3.09 billion, up 1.3% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 2.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Norfolk Southern metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Railway operating revenues- Merchandise- Agriculture, forest and consumer products' stands at $639.63 million. The estimate indicates a year-over-year change of +2.5%.
Analysts' assessment points toward 'Railway operating revenues- Coal' reaching $389.94 million. The estimate points to a change of -8.7% from the year-ago quarter.
It is projected by analysts that the 'Railway operating revenues- Merchandise- Chemicals' will reach $560.89 million. The estimate points to a change of +3.3% from the year-ago quarter.
The average prediction of analysts places 'Railway operating revenues- Intermodal' at $760.31 million. The estimate indicates a year-over-year change of -0.4%.
The combined assessment of analysts suggests that 'Railway Operating Ratio' will likely reach 63.7%. Compared to the present estimate, the company reported 47.7% in the same quarter last year.
Analysts forecast 'Revenue ton miles' to reach 44.60 billion. Compared to the present estimate, the company reported 44.50 billion in the same quarter last year.
The collective assessment of analysts points to an estimated 'Carloads (Units) - Volume - Merchandise' of 589.88 thousand. Compared to the present estimate, the company reported 563.90 thousand in the same quarter last year.
Analysts expect 'Carloads (Units) - Volume - Intermodal' to come in at 1.03 million. Compared to the present estimate, the company reported 1.05 million in the same quarter last year.
Based on the collective assessment of analysts, 'Carloads (Units) - Volume - Total' should arrive at 1.80 million. The estimate compares to the year-ago value of 1.80 million.
Analysts predict that the 'Carloads (Units) - Volume - Coal' will reach 179.40 thousand. Compared to the current estimate, the company reported 185.30 thousand in the same quarter of the previous year.
The consensus among analysts is that 'Coal Tonnage - Total' will reach 20.16 thousand. The estimate is in contrast to the year-ago figure of 20.79 thousand.
According to the collective judgment of analysts, 'Carloads (Units) - Volume - Merchandise - Agriculture, forest and consumer products' should come in at 184.04 thousand. The estimate compares to the year-ago value of 186.30 thousand.
Over the past month, shares of Norfolk Southern have returned +2.1% versus the Zacks S&P 500 composite's +1.1% change. Currently, NSC carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unveiling Norfolk Southern (NSC) Q3 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts expect Norfolk Southern (NSC - Free Report) to post quarterly earnings of $3.18 per share in its upcoming report, which indicates a year-over-year decline of 2.2%. Revenues are expected to be $3.09 billion, up 1.3% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 2.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Norfolk Southern metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Railway operating revenues- Merchandise- Agriculture, forest and consumer products' stands at $639.63 million. The estimate indicates a year-over-year change of +2.5%.
Analysts' assessment points toward 'Railway operating revenues- Coal' reaching $389.94 million. The estimate points to a change of -8.7% from the year-ago quarter.
It is projected by analysts that the 'Railway operating revenues- Merchandise- Chemicals' will reach $560.89 million. The estimate points to a change of +3.3% from the year-ago quarter.
The average prediction of analysts places 'Railway operating revenues- Intermodal' at $760.31 million. The estimate indicates a year-over-year change of -0.4%.
The combined assessment of analysts suggests that 'Railway Operating Ratio' will likely reach 63.7%. Compared to the present estimate, the company reported 47.7% in the same quarter last year.
Analysts forecast 'Revenue ton miles' to reach 44.60 billion. Compared to the present estimate, the company reported 44.50 billion in the same quarter last year.
The collective assessment of analysts points to an estimated 'Carloads (Units) - Volume - Merchandise' of 589.88 thousand. Compared to the present estimate, the company reported 563.90 thousand in the same quarter last year.
Analysts expect 'Carloads (Units) - Volume - Intermodal' to come in at 1.03 million. Compared to the present estimate, the company reported 1.05 million in the same quarter last year.
Based on the collective assessment of analysts, 'Carloads (Units) - Volume - Total' should arrive at 1.80 million. The estimate compares to the year-ago value of 1.80 million.
Analysts predict that the 'Carloads (Units) - Volume - Coal' will reach 179.40 thousand. Compared to the current estimate, the company reported 185.30 thousand in the same quarter of the previous year.
The consensus among analysts is that 'Coal Tonnage - Total' will reach 20.16 thousand. The estimate is in contrast to the year-ago figure of 20.79 thousand.
According to the collective judgment of analysts, 'Carloads (Units) - Volume - Merchandise - Agriculture, forest and consumer products' should come in at 184.04 thousand. The estimate compares to the year-ago value of 186.30 thousand.
View all Key Company Metrics for Norfolk Southern here>>>Over the past month, shares of Norfolk Southern have returned +2.1% versus the Zacks S&P 500 composite's +1.1% change. Currently, NSC carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .