Norfolk Souther Corporation (NYSE:NSC) is reporting third quarter earnings results on Wednesday 28th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 2.38 per share.
For the full year, analysts predict revenues of $ 9793.17 million, while looking forward to income of $ 8.94 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 2,500.00 million ~ $ 2,500.00 million
Click Here For More Historical Outlooks Of Norfolk Souther Corporation
Previous Quarter Performance
Norfolk Souther Corporation communicated income for the second quarter of $ 1.53 per share, from the revenue of $ 2,085.00 million. The quarterly earnings reduced 43.33 percent while revenues contracted 28.72 percent compared with the same quarter last year.
According to street consensus, NSC was expected to report 2Q20 income of $ 1.33 per share from revenue of $ 2058.49 million. The bottom line results beat street analysts by $ 0.2 or 15.04 percent, at the same time, top line results outshined analysts by $ 26.51 million or 1.29 percent.
Stock Performance
Shares of Norfolk Souther Corporation traded low $ -7.02 or -3.33 percent on Tuesday, reaching $ 203.64 with volume of 1.52 million shares. Norfolk Souther Corporation has traded high as $ 210.84 and has cracked $ 203.35 on the downward trend
According to the previous trading day, closing price of $ 203.64, representing a 87.05 % increase from the 52 week low of $ 112.62 and a 6.37 % decrease over the 52 week high of $ 224.99.
The company has a market capital of $ 51.95 billion and is part of the Industrials sector and Railroads industry.
Recent Analyst recommendations
- On 16th October 2020, upgraded by Barclays to Equal-Weight from Underweight rating
- On 8th October 2020, maintained by Citigroup at Buy rating, with $ 250.00 target price.
- On 8th October 2020, maintained by Credit Suisse Group at Outperform rating, with $ 246.00 target price.
- On 5th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 134.00 target price.
- On 30th September 2020, maintained by Bank of America at Neutral rating, with $ 230.00 target price.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.94 per share to holders of record as of the close of business on August 7, 2020, with payment date of September 10, 2020 and ex-dividend date on August 6, 2020.
Conference Call
Norfolk Souther Corporation will be hosting a conference call at 8:45 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nscorp.com
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts. It also transports overseas freight through various Atlantic and Gulf Coast ports; and provides commuter passenger services.
