NSC Stock - Norfolk Southern Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $12.12B | $12.16B | $12.74B | $11.14B | $9.79B |
| Gross Profit | $3.76B | $2.81B | $4.73B | $4.37B | $3.40B |
| Gross Margin | 31.0% | 23.1% | 37.1% | 39.2% | 34.7% |
| Operating Income | $3.76B | $2.81B | $4.73B | $4.37B | $3.40B |
| Net Income | $2.62B | $1.83B | $3.27B | $3.00B | $2.01B |
| Net Margin | 21.6% | 15.0% | 25.7% | 27.0% | 20.6% |
| EPS | $11.58 | $8.04 | $13.92 | $12.16 | $7.88 |
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; and provides commuter rail passenger transportation services and operates an intermodal network. As of December 31, 2021, the company operated approximately 19,300 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is based in Atlanta, Georgia.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 11th 2025 | Deutsche Bank | Downgrade | Hold | - |
| October 24th 2025 | TD Cowen | Reiterated | Buy | $314← $320 |
| July 25th 2025 | Jefferies | Downgrade | Hold | $300 |
| July 21st 2025 | TD Cowen | Upgrade | Buy | $323 |
| July 9th 2025 | Citigroup | Downgrade | Neutral | $288 |
| July 1st 2025 | Robert W. Baird | Resumed | Neutral | $255 |
| June 2nd 2025 | Goldman | Downgrade | Neutral | $278 |
| March 7th 2025 | Deutsche Bank | Initiation | Buy | $293 |
| February 3rd 2025 | Loop Capital | Downgrade | Hold | $256← $289 |
| October 9th 2024 | Citigroup | Initiation | Buy | $294 |
| July 26th 2024 | TD Cowen | Reiterated | Hold | $253← $251 |
| July 8th 2024 | Morgan Stanley | Resumed | Underweight | $175 |
| June 7th 2024 | Wells Fargo | Initiation | Overweight | $270 |
| May 23rd 2024 | RBC Capital Mkts | Upgrade | Outperform | $270 |
| April 8th 2024 | Jefferies | Initiation | Buy | $300 |
Earnings History & Surprises
NSCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 21, 2026 | — | — | — | — |
Q1 2026 | Feb 4, 2026 | $2.89 | — | — | — |
Q4 2025 | Oct 23, 2025 | $3.19 | $3.30 | +3.4% | ✓ BEAT |
Q3 2025 | Jul 29, 2025 | $3.31 | $3.29 | -0.6% | ✗ MISS |
Q2 2025 | Apr 23, 2025 | $2.66 | $2.69 | +1.1% | ✓ BEAT |
Q1 2025 | Jan 29, 2025 | $2.94 | $3.04 | +3.4% | ✓ BEAT |
Q4 2024 | Oct 22, 2024 | $3.11 | $3.25 | +4.5% | ✓ BEAT |
Q3 2024 | Jul 25, 2024 | $2.86 | $3.06 | +7.0% | ✓ BEAT |
Q2 2024 | Apr 24, 2024 | $2.53 | $2.49 | -1.6% | ✗ MISS |
Q1 2024 | Jan 26, 2024 | $2.87 | $2.83 | -1.4% | ✗ MISS |
Q4 2023 | Oct 25, 2023 | $2.69 | $2.65 | -1.5% | ✗ MISS |
Q3 2023 | Jul 27, 2023 | $3.15 | $2.95 | -6.3% | ✗ MISS |
Q2 2023 | Apr 26, 2023 | $3.15 | $3.32 | +5.4% | ✓ BEAT |
Q1 2023 | Jan 25, 2023 | $3.44 | $3.42 | -0.6% | ✗ MISS |
Q4 2022 | Oct 26, 2022 | $3.64 | $4.10 | +12.6% | ✓ BEAT |
Q3 2022 | Jul 27, 2022 | $3.47 | $3.45 | -0.6% | ✗ MISS |
Q2 2022 | Apr 27, 2022 | $2.92 | $2.93 | +0.3% | ✓ BEAT |
Q1 2022 | Jan 26, 2022 | $3.04 | $3.12 | +2.6% | ✓ BEAT |
Q4 2021 | Oct 27, 2021 | $2.91 | $3.06 | +5.2% | ✓ BEAT |
Q3 2021 | Jul 28, 2021 | $2.96 | $3.28 | +10.8% | ✓ BEAT |
Latest News
Union Pacific And Norfolk Southern File 7,000-Page STB Merger Application To Create Transcontinental Railroad, Targeting Deal Close By Early 2027
📈 PositiveUnion Pacific, Norfolk Southern To Submit Application To Surface Transportation Board For Merger Approval
📈 PositiveDeutsche Bank Downgrades Norfolk Southern to Hold, Lowers Price Target to $297
📉 NegativeUnion Pacific, Norfolk Southern Shareholders Approve Proposed Merger
📈 PositiveNorfolk Southern Reaches 5-Year Labor Agreement With Signalmen Union, Enhancing Pay, Health Care, And Vacation Benefits
📈 PositiveTD Cowen Maintains Buy on Norfolk Southern, Lowers Price Target to $314
➖ NeutralCitigroup Maintains Neutral on Norfolk Southern, Lowers Price Target to $307
➖ NeutralUBS Maintains Buy on Norfolk Southern, Lowers Price Target to $320
➖ NeutralRBC Capital Maintains Sector Perform on Norfolk Southern, Lowers Price Target to $315
➖ NeutralBMO Capital Maintains Market Perform on Norfolk Southern, Raises Price Target to $305
📈 PositiveNorfolk Southern Q3 Adj. EPS $3.30 Beats $3.19 Estimate, Sales $3.100B Miss $3.109B Estimate
➖ NeutralCitigroup Maintains Neutral on Norfolk Southern, Raises Price Target to $316
➖ NeutralJP Morgan Maintains Neutral on Norfolk Southern, Raises Price Target to $303
➖ NeutralDeutsche Bank Maintains Buy on Norfolk Southern, Raises Price Target to $354
📈 PositiveBarclays Maintains Overweight on Norfolk Southern, Raises Price Target to $320
📈 PositiveSusquehanna Maintains Neutral on Norfolk Southern, Raises Price Target to $295
➖ NeutralNorfolk Southern shares are trading higher after the SMART-TD railroad union said it would support the proposed merger with Union Pacific.
📈 PositiveUnion Pacific shares are trading higher after the SMART-TD railroad union said it would support the proposed merger with Norfolk Southern.
📈 PositiveUnion SMART-TD Announces Agreement Ensuring Job Security For Thousands Of Railroad Workers As Union Pacific And Norfolk Southern Pursue A Proposed Merger
📈 Positive'Trump, Union Pacific CEO Discussed $72 Billion Acquisition of Norfolk Southern'- Bloomberg
➖ NeutralFrequently Asked Questions about NSC
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