Norfolk Southern beats Q3 adjusted EPS estimates, raises 2025 productivity targe

Reuters
10/24
Norfolk Southern beats Q3 adjusted EPS estimates, raises 2025 productivity targe

Overview

  • Norfolk Southern Q3 revenue was $3.1 bln, meets analyst expectations

  • Adjusted EPS for Q3 was $3.30, beating analyst expectations

  • Company achieved record fuel efficiency and executed a significant land sale

Outlook

  • Norfolk Southern raises 2025 productivity target to ~$200 mln from ~$175 mln

Result Drivers

  • FUEL EFFICIENCY - Achieved an all-time record in fuel efficiency, contributing to strong results in a dynamic freight market, according to President and CEO

  • LAND SALE - Executed a significant land sale, contributing $65 mln to income from railway operations

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Operating Revenue

Meet

$3.10 bln

$3.10 bln (17 Analysts)

Q3 Adjusted EPS

Beat

$3.30

$3.18 (21 Analysts)

Q3 EPS

$3.16

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 16 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the ground freight & logistics peer group is "buy."

  • Wall Street's median 12-month price target for Norfolk Southern Corp is $303.00, about 4.4% above its October 21 closing price of $289.78

  • The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn6FHsX6a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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