For its second fiscal quarter (ending June 30), Norfolk Southern Corp (NYSE: NSC) has reported a 108% increase in E.P.S. from $1.56 a year ago to $3.25 in the current quarter. This result exceeded the consensus estimate of $2.91 by $0.34. For the latest four quarters through June 30, E.P.S. were $7.92 compared to $11.15 a year ago — a decline of -29%.
Recent Price Action
On 7/25/24, Norfolk Southern Corp (NYSE: NSC) stock rose modestly by 0.7%, closing at $222.90. Moreover, this advance was accompanied by unusually high trading volume at 190% of normal. The stock has performed in line with the market over the last nine months and has declined -4.9% during the last week.
Current PriceTarget Research Rating
NSC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Norfolk Southern has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Norfolk Southern has a poor Appreciation Score of 27 but a neutral Power Rating of 57, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment