Norfolk Southern Earnings: Driving Past Wall Street Analyst Estimates
Norfolk Southern Corp. (NYSE:NSC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.19%.
Norfolk Southern Corp. Earnings Cheat Sheet
Results: Net income decreased -13.96% to $413 million ($1.3 per diluted share) in the quarter versus a net gain of $480 million in the year-earlier quarter.
Revenue: Decreased 4.18% to $2.68 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Norfolk Southern Corp. reported adjusted net income of $1.3 per share. By that measure, the company beat the mean analyst estimate of $1.19. It beat the average revenue estimate of $2.67 billion.
Revenue decreased 0.48% from $2.69 billion in the previous quarter. Net income increased 2.74% from $402 million in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.33 to a profit $1.16. For the current year, the average estimate has moved down from a profit of $5.42 to a profit of $5.27 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials.)