Earnings Alerts

Norfolk Southern (NSC) Earnings Surge in Q3: EPS Soars to $4.85 from $2.10 Year-over-Year

By October 22, 2024 No Comments
  • Norfolk Southern reported earnings per share (EPS) of $4.85 for the third quarter.
  • This is a significant increase compared to the EPS of $2.10 from the same period last year.
  • The company attributes this growth to improved productivity and increased volumes.
  • Norfolk Southern has successfully managed weather-related challenges to maintain operations.
  • Investor sentiment is generally positive, with 16 buy ratings, 11 hold ratings, and 1 sell rating from analysts.

Norfolk Southern on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been closely monitoring Norfolk Southern Corporation. In one of their reports titled “Norfolk Southern Corporation: Leveraging Intermodal Strengths To Drive Growth! – Major Drivers,” the company’s second-quarter 2024 financial results were discussed. The report highlighted the mixed outcomes reflecting ongoing challenges and operational efficiencies, with President and CEO Alan Shaw leading the call. A notable improvement was seen in the operating ratio, which stood at 65.1% for the quarter, showing a significant margin enhancement of 480 basis points sequentially.

Another report by Baptista Research, titled “Norfolk Southern Corporation: How Is Enhanced Operational Efficiency & Productivity Boost Impacting Their Bottom-Line? – Major Drivers,” focused on the company’s first quarter of 2024. Described as a period of strategic growth and operational strategies, Norfolk Southern aimed for top-tier earnings with competitive margins through customer service, productivity, and growth, while emphasizing safety measures. President and CEO Alan Shaw highlighted the company’s prioritization of safety and service in 2023 to safeguard the franchise and shareholders, positioning Norfolk Southern as one of the safest networks in North America.


A look at Norfolk Southern Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Norfolk Southern Corporation, a provider of rail transportation services, shows a mixed long-term outlook. The company scores moderately in Dividend and Growth aspects, indicating a stable dividend and potential for future growth. However, its Value and Resilience scores are comparatively lower, suggesting some undervaluation and vulnerability to market disruptions. On a positive note, Norfolk Southern excels in Momentum, indicating strong market momentum and potentially favorable stock performance in the near future.

Norfolk Southern Corporation transports a variety of goods across the Southeast, East, and Midwest regions of the United States, as well as overseas freight through key ports along the Atlantic and Gulf Coasts. While facing some challenges in terms of value and resilience, its solid momentum score indicates positive market sentiment and potential growth opportunities for the company in the coming years.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars