
Norfolk Southern (NSC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The Norfolk Southern Railway is a Class I freight railroad in the United States, and is the current name of the former Southern Railway. With headquarters in Atlanta, Georgia, the company operates 19,420 route miles (31,250 km) in 22 eastern states, the District of Columbia, and has rights in Canada over the Albany to Montreal route of the Canadian Pacific Railway, and previously on CN from Buffalo to St. Thomas.
| Revenue (TTM) | $12.54B |
| Gross Profit (TTM) | $5.66B |
| EBITDA | $5.66B |
| Operating Margin | 35.30% |
| Return on Equity | 17.00% |
| Return on Assets | 5.95% |
| Revenue/Share (TTM) | $55.86 |
| Book Value | $72.36 |
| Price-to-Book | 4.75 |
| Price-to-Sales (TTM) | 6.07 |
| EV/Revenue | 7.39 |
| EV/EBITDA | 16.67 |
| Quarterly Earnings Growth (YoY) | -4.40% |
| Quarterly Revenue Growth (YoY) | 11.40% |
| Shares Outstanding | $224.61M |
| Float | $224.27M |
| % Insiders | 0.04% |
| % Institutions | 78.07% |
Volatility is currently expanding

Norfolk Southern (NSC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

OMAHA, Neb. & ATLANTA--(BUSINESS WIRE)--Union Pacific (NYSE: UNP) and Norfolk Southern (NYSE: NSC) today enhanced their merger application by offering customer protections that go beyond those provided in any prior rail merger. The new commitments are provided with the supplemental information requested by the Surface Transportation Board (STB) when it accepted the companies' merger application as complete on May 28, 2026. “We are more confident than ever that creating America's first transcont.

Norfolk Southern Corporation is fundamentally strong but currently overvalued, trading at a premium P/E above historical norms. Recent NSC operational gains were largely driven by external energy market shocks, not sustainable core improvements; GAAP net income and FCF declined despite record revenues. Heavy reliance on adjusted earnings masks recurring costs; GAAP metrics reveal persistent margin compression and profit headwinds.

Norfolk Southern NYSE: NSC reported a stronger-than-expected second quarter, with executives pointing to a sharp rebound in freight volumes, higher energy-related demand and improving intermodal trends, while also acknowledging service pressures caused by the rapid increase in traffic.

NSC's Q2 earnings beat estimates as record revenues, volume growth and stronger pricing offset higher fuel costs and weaker efficiency.

While the top- and bottom-line numbers for Norfolk Southern (NSC) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Norfolk Southern (NSC) came out with quarterly earnings of $3.52 per share, beating the Zacks Consensus Estimate of $3.23 per share. This compares to earnings of $3.29 per share a year ago.

Stripping out one-time costs, such as expenses related to its tie-up with Union Pacific and continued costs from its freight-train derailment in Ohio, earnings were $3.52 a share in the second quarter.

Railroad achieves record quarterly revenues ATLANTA, July 23, 2026 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Thursday its second quarter 2026 financial results. For the quarter, revenue was $3.5 billion, income from railway operations was $1.1 billion, operating ratio was 67.6%, and diluted earnings per share were $3.26.

Norfolk Southern (NSC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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