Freight transportation company Norfolk Southern (NYSE:NSC) will be reporting results tomorrow before market open. Here’s what investors should know.
Norfolk Southern met analysts’ revenue expectations last quarter, reporting revenues of $3.02 billion, down 1.6% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ adjusted operating income estimates.
Is Norfolk Southern a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Norfolk Southern’s revenue to be flat year on year at $2.98 billion, improving from the 4.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.68 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Norfolk Southern has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Norfolk Southern’s peers in the transportation and logistics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. CSX’s revenues decreased 7% year on year, missing analysts’ expectations by 1.1%, and FedEx reported revenues up 1.9%, topping estimates by 0.9%. CSX traded up 1.4% following the results while FedEx was down 6.3%.
Read our full analysis of CSX’s results here and FedEx’s results here.
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