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
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(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.)