Norfolk Southern Corp reports results for the quarter ended March 31 - Earnings Summary

• Norfolk Southern Corp NSC.N reported quarterly adjusted earnings of $2.69​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $2.49. The mean expectation of twenty four analysts for the quarter was for earnings of $2.69 per share. Wall Street expected results to range from $2.54 to $2.96 per share.

• Revenue fell 0.4% to $2.99 billion from a year ago; analysts expected $2.98 billion.

• Norfolk Southern Corp's reported EPS for the quarter was $3.31​.

• The company reported quarterly net income of $750 million.

• Norfolk Southern Corp shares had fallen by 7.1% this quarter and lost 6.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.2% in the last three months.​

• In the last 30 days, nineteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 11 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is also "buy"

• Wall Street's median 12-month price target for Norfolk Southern Corp is $263.00

This summary was machine generated from LSEG data April 23 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)