Norfolk Souther Corporation (NYSE:NSC) is reporting second quarter earnings results on Wednesday 29th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.33 per share.
For the full year, analysts predict revenues of $ 9659.07 million, while looking forward to income of $ 8.41 per share.
Previous Quarter Performance
Norfolk Souther Corporation unveiled income for the first quarter of $ 2.58 per share, from the revenue of $ 2,625.00 million. The quarterly earnings improved 2.79 percent while revenues contracted 7.02 percent compared with the same quarter last year.
Wall street analysts are predicting, NSC to report 1Q20 income of $ 2.25 per share from revenue of $ 2570.95 million. The bottom line results beat street analysts by $ 0.33 or 14.67 percent, at the same time, top line results outshined analysts by $ 54.05 million or 2.10 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NSC was $ 185.10, representing a 64.36 % increase from the 52 week low of $ 112.62 and a 15.82 % decrease over the 52 week high of $ 219.88.
The company has a market capital of $ 47.42 billion and is part of the Industrials sector and Railroads industry.
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Recent Analyst recommendations
- On 25th June 2020, maintained by Citigroup at Buy rating, with $ 200.00 target price.
Recent Stock Dividend Announcement
On April 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 May 8, 2020, with payment date of June 10, 2020 and ex-dividend date on May 7, 2020.
Conference Call
Norfolk Souther Corporation will be hosting a conference call at 8:45 AM eastern time on 29th July 2020, to discuss its 2Q20 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.
