Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; and operates an intermodal network. As of December 31, 2023, the company operated approximately 19,100 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is headquartered in Atlanta, Georgia.

Norfolk Southern Corporation

CSX Corporation (CSX) is currently grabbing everyone’s eyeballs after facing criticism from its investors due to its lackluster performance and failure to engage in merger talks to strengthen its foothold in the railroad industry.
In a letter to CSX’s independent members of the board of directors, activist investor Ancora Holdings has expressed its concerns and dissatisfaction over CSX’s current deteriorating operational performance under chief executive officer (CEO) Joe Hinrichs.
The letter clearly states how CSX is failing to generate higher shareholder returns since 2022 (as compared to previous years); grappling with awful operating ratios, ranging from 58% (when Mr. Hinrichs joined) in 2022 to approximately 67% year to date; lack of competent and experience employees and failure to grab the opportunity of seeking a railroad merger in the industry.
Ancora Holdings’ thoughts about CSX CEO have been supported by analysts, customers, former industry executives, retired regulators, and an array of current and prospective shareholders, who all agree on the fact that CSX has come down to the current difficult position.
Apart from this aforesaid ongoing disappointing scenario of CSX, Ancora Holdings is highly stressed about the fact that once Norfolk Southern Corporation NSC and Union Pacific Corporation UNP start operating, if their merger materializes, CSX’s operations would be hurt. As a result, Ancora Holdings is urging CSX’s board to explore merger options.
Ancora Holdings suggests discussions with both BNSF Railway Company and Canadian Pacific Kansas City Limited (CP) to explore all merger options for maximizing shareholder value. While BNSF being a cash buyer can bring a highly disciplined approach to any negotiations, CPKC might prove beneficial for CSX as it gears up to compete in a new railroading environment.
Given this backdrop, we keenly await seeing in which direction CSX finally heeds, whether it chooses to go for merger options (as stressed by investors) or it opts for any other strategic business move to stand still in the railroad industry. The upcoming weeks are highly crucial for CSX’s management team.
Currently, CSX, CP and UNP carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NSC carries a Zacks Rank #4 (Sell).
CSX’s Share Price Movement
Shares of CSX scaled a 52-week high of $37.25 in the trading session on Aug. 19, 2025, before closing a tad lower at $36.52. The surge comes on the heels of Ancora Holdings’ interest in the stock.
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Will CSX Explore Merger Options Post Pressure From Activist Investor?

At Holdings Channel, we have reviewed the latest batch of the 26 most recent 13F filings for the 06/30/2025 reporting period, and noticed that Norfolk Southern Corp (Symbol: NSC) was held by 11 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.
Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in NSC positions, for this latest batch of 13F filers:
Aggregate Change:
+17,879
+$9,881
In terms of shares owned, we count 3 of the above funds having increased existing NSC positions from 03/31/2025 to 06/30/2025, with 4 having decreased their positions and 1 new position.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the NSC share count in the aggregate among all of the funds which held NSC at the 06/30/2025 reporting period (out of the 3,147 we looked at in total). We then compared that number to the sum total of NSC shares those same funds held back at the 03/31/2025 period, to see how the aggregate share count held by hedge funds has moved for NSC. We found that between these two periods, funds increased their holdings by 1,545,213 shares in the aggregate, from 8,597,780 up to 10,142,993 for a share count increase of approximately 17.97%. The overall top three funds holding NSC on 06/30/2025 were:
»
Fund
Shares of NSC Held
We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Norfolk Southern Corp (Symbol: NSC).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

See Which Of The Latest 13F Filers Holds NSC

Norfolk Southern (NSC) came out with quarterly earnings of $3.29 per share, beating the Zacks Consensus Estimate of $3.27 per share. This compares to earnings of $3.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +0.61%. A quarter ago, it was expected that this railroad would post earnings of $2.72 per share when it actually produced earnings of $2.69, delivering a surprise of -1.1%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Norfolk Southern, which belongs to the Zacks Transportation - Rail industry, posted revenues of $3.11 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 0.76%. This compares to year-ago revenues of $3.04 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Norfolk Southern shares have added about 22% since the beginning of the year versus the S&P 500's gain of 8.6%.
What's Next for Norfolk Southern?
While Norfolk Southern has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Norfolk Southern was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.33 on $3.14 billion in revenues for the coming quarter and $12.63 on $12.38 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Rail is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Canadian Pacific Kansas City (CP), is yet to report results for the quarter ended June 2025. The results are expected to be released on July 30.
This railroad is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of +6.5%. The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level.
Canadian Pacific Kansas City's revenues are expected to be $2.79 billion, up 5.8% from the year-ago quarter.
Should You Invest in Norfolk Southern Corporation (NSC)?
Before you invest in Norfolk Southern Corporation (NSC), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Norfolk Southern (NSC) Tops Q2 Earnings Estimates

(RTTNews) - Union Pacific Corp. (UNP) and Norfolk Southern Corp. (NSC) announced Tuesday an agreement to create America's first transcontinental railroad.
Union Pacific will acquire Norfolk Southern in a cash and stock transaction, implying a value for Norfolk Southern of $320 per share, based on Union Pacific's unaffected closing stock price on July 16, 2025.
Norfolk Southern shareholders will receive $88.82 in cash and 1.0 Union Pacific common share for each share of Norfolk Southern. The cash portion of the transaction will be funded through a combination of new debt and balance sheet cash.
Union Pacific will issue a total of approximately 225 million shares to Norfolk Southern shareholders, representing 27% ownership in the combined company on a fully diluted basis.
The value per share implies an enterprise value of $85 billion for Norfolk Southern, resulting in the creation of a combined enterprise of over $250 billion.
The combined company will seamlessly connect over 50,000 route miles across 43 states from the East Coast to the West Coast, linking approximately 100 ports and nearly every corner of North America.
The combined company will deliver faster, more comprehensive freight service to U.S. shippers by eliminating interchange delays, opening new routes, expanding intermodal services, and reducing distance and transit time on key rail corridors.
Union Pacific and Norfolk Southern shareholders are expected to realize significant value from the transaction, including more than $30 billion of potential value creation through the expected achievement of approximately $2.75 billion in annualized synergy opportunity.
The transaction is expected to be accretive to Union Pacific's adjusted EPS per share in the second full year after closing and rising to high single digit accretion thereafter.
The Board of Directors of both Union Pacific and Norfolk Southern unanimously approved the transaction, which is subject to STB review and approval within its statutory timeline, customary closing conditions, and shareholder approval.
The companies are targeting closing the transaction by early 2027. The agreement is structured without a voting trust and includes a $2.5 billion reverse termination fee.
Jim Vena, Union Pacific CEO, will lead the combined company as Chief Executive Officer and has committed his intent to remain at Union Pacific for at least the next 5 years. The experienced Union Pacific and Norfolk Southern management teams will continue to independently run each company until the transaction's closing
At closing, three Norfolk Southern Directors, including Mark George and Richard Anderson, are expected to join the Union Pacific Board of Directors after completing the corporate governance process.
The combined company will be headquartered in Omaha, Nebraska. Atlanta, Georgia will remain a core location for the combined organization over the long-term.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Union Pacific To Acquire Norfolk Southern In $320/shr Cash And Stock Deal

(RTTNews) - Norfolk Southern Corp (NSC) reported earnings for its second quarter that Increased from last year but missed the Street estimates.
The company's earnings totaled $768 million, or $3.41 per share. This compares with $737 million, or $3.25 per share, last year.
Excluding items, Norfolk Southern Corp reported adjusted earnings of $741 million or $3.29 per share for the period.
Analysts on average had expected the company to earn $3.30 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.2% to $3.110 billion from $3.044 billion last year.
Norfolk Southern Corp earnings at a glance (GAAP) :
-Earnings: $768 Mln. vs. $737 Mln. last year. -EPS: $3.41 vs. $3.25 last year. -Revenue: $3.110 Bln vs. $3.044 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Norfolk Southern Corp Q2 Profit Increases, But Misses Estimates

(RTTNews) - Union Pacific Corp. (UNP) is nearing a stock-and-cash acquisition deal for Norfolk Southern Corp. (NSC), valuing the smaller rival at approximately $320 per share, according to Bloomberg, citing sources familiar with the matter.
The proposed offer would consist of roughly two-thirds stock and one-third cash, representing a premium of about 23% over Norfolk Southern's share price prior to initial reports of the potential deal earlier this month, the report said.
Although discussions between the two companies are at an advanced stage, the terms of the deal could still change, the report noted.
Last week, both Union Pacific and Norfolk Southern confirmed they were engaged in advanced talks regarding a possible business combination.
NSC closed Monday's regular trading at $286.42 up $4.04 or 1.43%. In the after-hours trading, the stock further gained $10.58 or 3.69%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Union Pacific Nears $320/shr Stock-and-Cash Deal For Norfolk Southern : Report

Norfolk Southern Corporation (NSC) is scheduled to report second-quarter 2025 results on July 29, before market open.
Norfolk Southern has an encouraging earnings surprise history. The company’s earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average beat of 3.54%.
Image Source: Zacks Investment Research
Let’s see how things have shaped up for Norfolk Southern this earnings season.
Factors Likely to Have Influenced NSC's Q2 Performance
The Zacks Consensus Estimate for NSC’s second-quarter 2025 earnings has been revised upward by 0.62% in the past 60 days to $3.26 per share. Moreover, the consensus mark implies a 6.54% upside from the year-ago actual.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NSC’ssecond-quarter 2025 revenues is pegged at $3.13 billion, indicating 2.95% growth year over year.
The Zacks Consensus Estimate for second-quarter Merchandise revenues is pegged at $1.96 billion, indicating 3.2% upside from the year-ago reported figure as well as above our estimate of $1.94 billion. In the Merchandise segment, gains in chemicals and agriculture businesses were expected to have been offset by weakness in the metals and construction segment.
The Zacks Consensus Estimate for second-quarter Intermodal revenues is pegged at $765 million, indicating 3.1% growth from the year-ago reported figure but below our estimate of $783.2 million. Intermodal revenues are expected to have been aided by strength across both domestic and international markets, coupled with stabilization in truck pricing.
The Zacks Consensus Estimate for second-quarter Coal revenues is pegged at $396 million, indicating a 0.5% decline from the year-ago reported figure and below our estimate of $409.8 million. In the coal segment, lower export coal prices are likely to be partially offset by strong electricity demand and support from higher natural gas prices.
E-commerce demand has been driving shipment volumes for Norfolk Southern and is likely to boost results. The company utilizes its Precision Scheduled Railroading operating plan to cut costs and improve service quality, ensuring efficient use of assets. NSC’s robust free cash flow generation also enables it to maintain steady, shareholder-friendly initiatives.
On the flip side, softness in the freight market and volumes is a negative for NSC and is likely to have hurt its performance in the to-be-reported quarter. Additionally, inflationary pressure, high interest rates, tariff-related uncertainties, weak freight demand and supply-chain disruptions also act as other headwinds for NSC’s prospects.
What Our Model Says About NSC
Our proven model does not conclusively predict an earnings beat for Norfolk Southern this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
NSC has an Earnings ESP of +0.04% and a Zacks Rank #4 (Sell).
Norfolk Southern Corporation Price and EPS Surprise
Highlights of NSC's Q1 Earnings
Norfolk Southern's first-quarter 2025 earnings of $2.69 per share (excluding 62 cents from non-recurring items) missed the Zacks Consensus Estimate of $2.72. The bottom line, however, increased 8% year over year, owing to lower costs. Railway operating revenues were $2.99 billion in the quarter under review, marginally ahead of the Zacks Consensus Estimate. The top line decreased 0.4% year over year.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Canadian Pacific Kansas City Limited (CP) has an Earnings ESP of +0.03% and a Zacks Rank #3 at present. CP is scheduled to report second-quarter 2025 earnings on July 30. You can seethe complete list of today’s Zacks #1 Rank stocks here.
CP’s earnings have surpassed the Zacks Consensus Estimate in two of the last four quarters (missed the mark in one quarter and matched the mark in the remaining quarter), the average beat being 2.11%. The Zacks Consensus Estimate for CP’s second-quarter 2025 earnings has remained unchanged at 82 cents per share in the past 60 days. CP’s second-quarter 2025 earnings are expected to grow 6.5% year over year.
JetBlue Airways Corporation (JBLU) has an Earnings ESP of +0.54% and a Zacks Rank #3 at present. JBLU is scheduled to report second-quarter 2025 earnings on July 29.
JBLU’s second-quarter 2025 earnings are expected to decline more than 100% year over year. The Zacks Consensus Estimate for JBLU’s second-quarter 2025 earnings has been revised upward by 13.89% in the past 60 days. JBLU’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 58.32%.
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Norfolk Southern to Report Q2 Earnings: What's in Store for the Stock?

Union Pacific Corporation’s UNP second-quarter 2025 earnings (excluding 12 cents from non-recurring items) of $3.03 per share beat the Zacks Consensus Estimate of $2.91. The bottom line improved 10.6% on a year-over-year basis. This year-over-year improvement was due to strong operational efficiency.
Operating revenues of $6.2 billion marginally beat the Zacks Consensus Estimate of $6.1 billion. The top line improved 2.5% on a year-over-year basis, owing to higher volumes and solid core pricing gains.
Union Pacific Corporation Price, Consensus and EPS Surprise
Freight revenues, accounting for 95% of the top line, improved 4% to $5.8 billion. The actual figure surpassed our estimate of $5.67 billion. Other revenues decreased 16% to $311 million in the second quarter of 2025. Business volumes, measured by total revenue carloads, increased 4% year over year. The operating income was up 5% year over year at $2.5 billion.
Total operating expenses of $3.6 billion inched up 1% year over year. Fuel expenses decreased 8%. Expenses on purchased services and materials were flat, expenses on compensation and benefits increased 5% and other cost items declined 5% year over year.
The operating ratio (operating expenses as a percentage of revenues) in the second quarter of 2025, on an adjusted basis, improved 230 basis points year over year to 58.1%.
UNP’s Segmental Highlights
Bulk (Grain & grain products, Fertilizer, Food & refrigerated, Coal & renewables) freight revenues were $1.9 billion, which increased 10% on a year-over-year basis. We projected the metric to increase 3.1% from the year-ago levels. Segmental revenue carloads increased 11% year over year.
Industrial freight revenues totaled $2.2 billion, up 4% year over year. We projected the metric to increase 3% from the year-ago levels. Segmental revenue carloads increased 3% to $569 million year over year.
Freight revenues in the Premium division were $1.73 billion, down 4% year over year. We expected the metric to decrease 4.9% compared with the year-ago reported figure. Premium revenue carloads improved 1% year over year.
UNP’s Liquidity
Union Pacific exited the second quarter of 2025 with cash and cash equivalents of $1.06 billion compared with $1 billion at 2024 end. Debt (due after a year) increased to $30.3 billion in the June-end quarter from $29.6 billion at 2024’s end.
Currently, Union Pacific carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
UNP-NSC Merger Update
Union Pacific confirmed that it is engaged in advanced discussions with fellow railroad operator Norfolk Southern NSC regarding a potential business combination. No further details were given.
Earlier this year, Union Pacific, chief executive officer, Jim Vena, hinted at the possible profits that are likely to result from such a merger. This includes the enhancement of transfer-based bottlenecks in places like Chicago, where West Coast and East Coast operators often offload cargo to be transferred to another operator’s network.
Q2 Performance of Other Transportation Companies
Delta Air Lines DAL reported second-quarter 2025 earnings (excluding $1.17 from non-recurring items) of $2.10 per share, which beat the Zacks Consensus Estimate of $2.04. Earnings decreased 11% on a year-over-year basis due to high labor costs.
Revenues in the June-end quarter were $16.65 billion, which beat the Zacks Consensus Estimate of $16.2 billion and decreased marginally on a year-over-year basis. Adjusted operating revenues (excluding third-party refinery sales) increased 1% year over year to $15.5 billion.
United Airlines’ UAL second-quarter 2025 adjusted EPS (excluding 90 cents from non-recurring items) of $3.87 beat the Zacks Consensus Estimate by a penny but declined 6.5% on a year-over-year basis. The reported figure lies within the guided range of $3.25-$4.25 per share.
Operating revenues of $15.2 billion missed the Zacks Consensus Estimate of $15.4 billion but increased 1.7% year over year. Passenger revenues (which accounted for 90.8% of the top line) increased 1.1% year over year to $13.8 billion. UAL flights transported 46,186 passengers in the second quarter, up 4.1% year over year.
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Union Pacific Q2 Earnings & Revenues Surpass Estimates, Rise Y/Y

(RTTNews) - Norfolk Southern (NSC) and Union Pacific (UNP) confirmed that they are engaged in advanced talks regarding a potential business combination. The companies stated that they do not intend to make additional comments or provide an update on this matter unless and until they determine that disclosure is required.
Separately, Union Pacific affirmed its 2025 outlook, and stated that its EPS growth is consistent with attaining the 3-year CAGR target of high-single to low-double digit. The company noted that there is no change to long-term capital allocation strategy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Norfolk Southern, Union Pacific Confirm Talks Regarding Potential Merger

Union Pacific (UNP) came out with quarterly earnings of $3.03 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $2.74 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.84%. A quarter ago, it was expected that this railroad would post earnings of $2.73 per share when it actually produced earnings of $2.7, delivering a surprise of -1.1%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Union Pacific, which belongs to the Zacks Transportation - Rail industry, posted revenues of $6.15 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.72%. This compares to year-ago revenues of $6.01 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Union Pacific shares have added about 1.3% since the beginning of the year versus the S&P 500's gain of 8.1%.
What's Next for Union Pacific?
While Union Pacific has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Union Pacific was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.96 on $6.21 billion in revenues for the coming quarter and $11.57 on $24.57 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Rail is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Norfolk Southern (NSC), has yet to report results for the quarter ended June 2025. The results are expected to be released on July 29.
This railroad is expected to post quarterly earnings of $3.26 per share in its upcoming report, which represents a year-over-year change of +6.5%. The consensus EPS estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level.
Norfolk Southern's revenues are expected to be $3.13 billion, up 3% from the year-ago quarter.
Should You Invest in Union Pacific Corporation (UNP)?
Before you invest in Union Pacific Corporation (UNP), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	19.01 21.57
Price/Sales	4.11 1.27
P/B	3.48 2.25
P/FCF	22.35 17.73

Indicator	TTM Median
ROE	19.54 15.62
ROA	6.10 6.45
ROI	8.66 9.56
Net Worth	49.81 1.27
Quick Ratio	0.82 1.16
Current Ratio	0.90 1.57

Indicator	TTM Median
Net Profit Margin	21.60 7.30
Operating Margin	33.58 10.18
Gross Margin	72.22 32.61
Return on tangible equity	19.54 25.97

Indicator	TTM Median
EPS	2.69 0.49
EPS Forecast	2.72 0.52
Revenue	3.02B 194.00M
Gross Profit	2.15B —
EBITDA	1.47B —

Norfolk Southern Corporation

Fundamental NSC

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Revenue