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 appears to be a high-quality but already expensive railroad asset: operating profitability and margins remain strong, but the market is clearly pricing in robust expectations. A P/E around the industry median does not look concerning on its own, but P/S, P/B, and especially P/FCF are noticeably above industry benchmarks, which limits the potential for further re-rating. At the same time, the multiple dynamics are mixed: P/E and P/B have fluctuated in recent periods, while P/FCF and P/S remain elevated, meaning the company is not getting cheaper. A key strength is the consistently high gross, operating, and net margins, as well as ROE above the median, confirming the business’s ability to generate returns on capital. The balance sheet looks weaker: the quick ratio and current ratio are below industry levels, which for a capital-intensive business means limited liquidity cushion. Debt burden, as measured by debt/equity, is also above the median, and long-term debt remains significant and has hardly declined, so financial flexibility is not ideal. Dividend yield fell to zero in the latest period, removing one of the supporting factors for the valuation. On an absolute basis, revenue, assets, equity, and cash balances are generally stable, but they do not show acceleration that could justify a more aggressive expansion in multiples. Earnings and EBITDA have declined in recent periods from stronger levels, indicating some cooling in operating momentum. In this setup, the company remains fundamentally solid, but the current valuation already reflects a significant part of its quality. For an investor, this is more a story of stability and moderate quality than of clearly undervalued growth. Therefore, it makes sense to slightly lower the target benchmark while still acknowledging the business’s strong margin and profitability characteristics.

Norfolk Southern Corporation

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Слабый индекс, значительно упал. Рынок не поддерживает быков.

Weak index, significantly down. The market does not support the bulls.

Средний индекс, значительно упал. Отток средств из лонгов увеличился и находится на высоком уровне.

Medium index, significantly down. The outflow of funds from longs has increased and is at a high level.

NSC remains profitable and margin-rich, but expensive valuation multiples, weak liquidity, and high debt limit the revaluation potential.

Investors might want to bet on Norfolk Southern (NSC), as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Norfolk Southern is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Norfolk Southern, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Norfolk Southern
This railroad is expected to earn $12.60 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Norfolk Southern. Over the past three months, the Zacks Consensus Estimate for the company has increased 4.1%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of Norfolk Southern to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

What Makes Norfolk Southern (NSC) a New Buy Stock

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Norfolk Southern (NSC) Q2 2026 Earnings Call Transcript

Key Points
Union Pacific's profitability is strengthening ahead of its proposed merger with Norfolk Southern.
Management is eager to complete the regulatory review process.
Shares of Union Pacific (NYSE: UNP) rallied on Thursday after the railroad operator raised its full-year profit growth forecast.
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Solid Q2 performance
Union Pacific's operating revenue climbed 12% year over year to $6.9 billion in the second quarter. Excluding fuel surcharges, the railroad giant's freight revenue rose 4%, driven by volume gains and price increases.
Union Pacific's efficiency initiatives are also producing positive results. Trains are moving more quickly through its rail network. Freight car velocity increased 5% to 231 daily miles per car, while average terminal dwell decreased 7% to 19.7 hours. Fuel consumption rate also improved by 1% to 1.051 gallons per thousand gross ton-miles.
Still, higher fuel costs negatively impacted the company's operating ratio -- operating expenses as a percentage of revenue -- which came in at 59.7% compared to 59% in the year-ago quarter.
All told, Union Pacific's adjusted net income jumped 12% to $2 billion. Its adjusted earnings per share, aided by stock buybacks, increased 13% to $3.41.
Raised outlook
Union Pacific now expects high-single-digit earnings-per-share growth in 2026, up from a prior forecast of mid-single-digit growth.
During a conference call with analysts, CEO Jim Vena said the primarily Western U.S.-based rail network is progressing through the regulatory process for its proposed merger with Eastern U.S.-based Norfolk Southern (NYSE: NSC).
Vena believes the combination will lead to greater competition among freight transport providers, better overall service, and a stronger national supply chain.
"Now, versus almost one year ago when we first announced our plans to merge, we have even more conviction that our transaction is in the public interest and will deliver benefits for our stakeholders, especially our customers," Vena said. "The case for our transcontinental railroad is clear, and we're ready to go."
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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.

Why Union Pacific Stock Rose Today

In trading on Thursday, defense shares were relative leaders, up on the day by about 2.9%. Leading the group were shares of Lockheed Martin, up about 8.9% and shares of L3Harris Technologies up about 3.9% on the day.
Also showing relative strength are railroads shares, up on the day by about 2.1% as a group, led by CSX, trading higher by about 5.5% and Norfolk Southern, trading higher by about 4.5% on Thursday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Thursday Sector Leaders: Defense, Railroads

Norfolk Southern Corporation (NSC) reported adjusted second-quarter 2026 earnings of $3.52 per share, up 7% year over year and 9% above the Zacks Consensus Estimate of $3.23. Railway operating revenues rose 11% to a record $3.47 billion, beating the consensus mark of $3.32 billion by 4.4%.
The top-line gain reflected 4% volume growth, stronger revenue per unit and higher fuel surcharges. Total units reached 1.86 million, while adjusted income from railway operations increased 5% to $1.20 billion.
Norfolk Southern Corporation Price, Consensus and EPS Surprise
NSC’s Revenue Mix Shows Broad-Based Strength
Merchandise revenues increased 8% year over year to $2.13 billion. Units rose 2%, while revenue per unit advanced 6%, supported by higher fuel surcharge revenue and favorable rate and mix.
Chemicals revenues climbed 18%, agriculture, forest and consumer products increased 4% and metals and construction rose 5%. Automotive revenues advanced 3%, with units remaining essentially flat.
Norfolk Southern's Intermodal Leads Growth
Intermodal revenues jumped 22% to $908 million, with units up 5% and revenue per unit rising 16%. Domestic intermodal units grew 11%, more than offsetting a 3% decline in international units.
Coal revenues climbed 7% to $424 million as units increased 3% and revenue per unit improved 4%. Export coal tonnage surged 25%, while utility and domestic metallurgical tonnage declined 8% and 15%, respectively.
NSC's Costs Weigh on Efficiency
Adjusted railway operating expenses rose 15% to $2.27 billion. Fuel expense surged 85%, or $186 million, mainly because of higher prices. Compensation and benefits increased 8%, while purchased services and rents climbed 6%.
The adjusted operating ratio, which measures operating expenses as a percentage of revenues, deteriorated 210 basis points to 65.5%. Higher fuel expense and the related surcharge revenues created a 110-basis-point year-over-year headwind. Excluding fuel, revenues grew 5%, while revenue per unit increased 1%.
Norfolk Southern's Network Metrics Face Pressure
Service and network measures weakened during the quarter. Train speed declined to 19.9 miles per hour from 21.6 a year ago, while terminal dwell increased to 24.0 hours from 22.7 hours. Car miles per day fell to 138 from 142.
Customer-facing metrics also softened. Merchandise plan compliance dropped to 68% from 78%, and the intermodal service composite declined to 85% from 89%. Management said that network velocity was regaining momentum in the third quarter and reiterated that NSC remains on track for at least $650 million of three-year cost reductions.
NSC's Safety Progress Remains Intact
Safety performance provided a counterweight to the service pressure. The first-half FRA accident rate improved to 1.61 from 2.37 in the prior-year period, while the FRA mainline accident rate declined to 0.49 from 0.56.
The first-half personal injury index improved to 1.03 from 1.08. Management emphasized continued investment in safety and linked the progress to longer-term culture change across the railroad.
Norfolk Southern's Cash Flow Funds Priorities
Net cash provided by operating activities totaled $1.40 billion in the first six months of 2026, down from $2.03 billion a year earlier. Property additions were $821 million, while dividends totaled $606 million. Norfolk Southern did not repurchase shares during the period.
NSC ended June with $1.07 billion in cash and cash equivalents. Total debt declined to $16.62 billion from $17.09 billion at year-end 2025, while the debt-to-total-capitalization ratio improved to 50.6% from 52.4%.
NSC Raises Its Expense Outlook
Management now expects adjusted operating expenses of $8.8 billion to $8.9 billion for 2026. The revised view includes a projected $400 million to $500 million incremental fuel impact versus the original guidance, along with higher volumes.
Capital spending is expected to be $1.9 billion, about $300 million or 14% below the 2025 level. The program is expected to support network reliability and capability as the company prioritizes safety, consistent service and disciplined execution.
Currently, NSC carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Q2 Performances of Other Transportation Companies
Delta Air Lines (DAL) reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability.
Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenue per available seat mile, or TRASM, 12.4%, while premium and diversified revenue streams continued to expand.
United Airlines Holdings, Inc. (UAL) reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%.
Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs.
J.B. Hunt Transport Services, Inc. (JBHT) reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%.
Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads.
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Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
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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 Q2 Earnings Beat on Record Revenue and Volume Growth

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. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +8.98%. A quarter ago, it was expected that this railroad would post earnings of $2.51 per share when it actually produced earnings of $2.65, delivering a surprise of +5.58%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Norfolk Southern, which belongs to the Zacks Transportation - Rail industry, posted revenues of $3.47 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.42%. This compares to year-ago revenues of $3.11 billion. The company has topped consensus revenue estimates three times 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 14.6% since the beginning of the year versus the S&P 500's gain of 9.6%.
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 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 $3.34 on $3.33 billion in revenues for the coming quarter and $12.24 on $12.79 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 bottom 24% 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, Canadian Pacific Kansas City (CP), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.
This railroad is expected to post quarterly earnings of $0.89 per share in its upcoming report, which represents a year-over-year change of +9.9%. The consensus EPS estimate for the quarter has been revised 0.7% lower over the last 30 days to the current level.
Canadian Pacific Kansas City's revenues are expected to be $2.91 billion, up 9% 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) Q2 Earnings and Revenues Top Estimates

(RTTNews) - Norfolk Southern Corp (NSC) will host a conference call at 10:00 AM ET on July 23, 2026, to discuss Q2 26 earnings results.
To access the live webcast, log on to https://norfolksouthern.investorroom.com/events
To listen to the call dial, 1-800-836-8184.
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 Q2 26 Earnings Conference Call At 10:00 AM ET

(RTTNews) - Norfolk Southern Corp (NSC) revealed a profit for second quarter that Drops, from last year
The company's earnings came in at $734 million, or $3.26 per share. This compares with $768 million, or $3.41 per share, last year.
Excluding items, Norfolk Southern Corp reported adjusted earnings of $793 million or $3.52 per share for the period.
The company's revenue for the period rose 11.4% to $3.465 billion from $3.110 billion last year.
Norfolk Southern Corp earnings at a glance (GAAP) :
-Earnings: $734 Mln. vs. $768 Mln. last year. -EPS: $3.26 vs. $3.41 last year. -Revenue: $3.465 Bln vs. $3.110 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 Bottom Line Falls In Q2

The following companies are expected to report earnings prior to market open on 07/23/2026. Visit our Earnings Calendar for a full list of expected earnings releases.
RTX Corporation (RTX)is reporting for the quarter ending June 30, 2026. The aerospace and defense company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.66. This value represents a 6.41% increase compared to the same quarter last year. In the past year RTX has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 17.11%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for RTX is 27.99 vs. an industry ratio of -0.70, implying that they will have a higher earnings growth than their competitors in the same industry.
T-Mobile US, Inc. (TMUS)is reporting for the quarter ending June 30, 2026. The wireless (national) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $2.52. This value represents a 11.27% decrease compared to the same quarter last year. In the past year TMUS has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 31.07%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for TMUS is 18.12 vs. an industry ratio of -7.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Thermo Fisher Scientific Inc (TMO)is reporting for the quarter ending June 30, 2026. The medical instruments company's consensus earnings per share forecast from the 8 analysts that follow the stock is $5.71. This value represents a 6.53% increase compared to the same quarter last year. In the past year TMO has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 4.62%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for TMO is 21.07 vs. an industry ratio of 0.60, implying that they will have a higher earnings growth than their competitors in the same industry.
TotalEnergies SE (TTE)is reporting for the quarter ending June 30, 2026. The oil refining company's consensus earnings per share forecast from the 2 analysts that follow the stock is $3.07. This value represents a 95.54% increase compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for TTE is 8.02 vs. an industry ratio of 2.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Union Pacific Corporation (UNP)is reporting for the quarter ending June 30, 2026. The transportation (rail) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $3.20. This value represents a 5.61% increase compared to the same quarter last year. UNP missed the consensus earnings per share in the 4th calendar quarter of 2025 by -1.38%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for UNP is 23.23 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Lockheed Martin Corporation (LMT)is reporting for the quarter ending June 30, 2026. The aerospace and defense company's consensus earnings per share forecast from the 6 analysts that follow the stock is $7.22. This value represents a 0.96% decrease compared to the same quarter last year. LMT missed the consensus earnings per share in the 1st calendar quarter of 2026 by -3.45%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for LMT is 16.95 vs. an industry ratio of -0.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Blackstone Inc. (BX)is reporting for the quarter ending June 30, 2026. The financial services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.32. This value represents a 9.09% increase compared to the same quarter last year. In the past year BX has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 0.74%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for BX is 21.22 vs. an industry ratio of 9.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Freeport-McMoran, Inc. (FCX)is reporting for the quarter ending June 30, 2026. The mining company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.60. This value represents a 11.11% increase compared to the same quarter last year. In the past year FCX has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 21.28%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for FCX is 23.34 vs. an industry ratio of 30.50.
Comcast Corporation (CMCSA)is reporting for the quarter ending June 30, 2026. The cable tv company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.97. This value represents a 22.40% decrease compared to the same quarter last year. In the past year CMCSA has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 8.22%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for CMCSA is 6.84 vs. an industry ratio of 5.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Norfolk Southern Corporation (NSC)is reporting for the quarter ending June 30, 2026. The transportation (rail) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $3.23. This value represents a 1.82% decrease compared to the same quarter last year. In the past year NSC has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 5.58%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for NSC is 27.07 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Honeywell International Inc. (HON)is reporting for the quarter ending June 30, 2026. The diversified operations company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.80. This value represents a 67.27% decrease compared to the same quarter last year. In the past year HON has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 6.06%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for HON is 28.03 vs. an industry ratio of 11.40, implying that they will have a higher earnings growth than their competitors in the same industry.
argenx SE (ARGX)is reporting for the quarter ending June 30, 2026. The biomedical (gene) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $6.13. This value represents a 63.90% increase compared to the same quarter last year. In the past year ARGX has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 6.98%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for ARGX is 33.22 vs. an industry ratio of -13.30, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Earnings Report for July 23, 2026 : RTX, TMUS, TMO, TTE, UNP, LMT, BX, FCX, CMCSA, NSC, HON, ARGX

The Board of Directors of Citigroup declared a quarterly dividend on Citigroup's common stock of $0.67 per share, payable on August 28, 2026, to stockholders of record on August 3, 2026.
The Board of Directors of Albemarle today announced that it declared a quarterly common stock dividend of $0.41 per share. The dividend, which has an annualized rate of $1.64, is payable Oct. 1, 2026, to shareholders of record at the close of business as of Sept. 11, 2026.
Rollins, a premier global consumer and commercial services company, announced that the Board of Directors declared a regular quarterly cash dividend on its common stock of $0.1825 per share payable September 10, 2026 to shareholders of record at the close of business on August 10, 2026.
Norfolk Southern announced today a quarterly dividend of $1.35 per share on its common stock. The dividend is payable August 20, 2026, to shareholders of record on August 7, 2026. The company has paid a dividend on its common stock for 176 consecutive quarters since its formation in 1982.
The Board of Directors of Air Products today declared a quarterly dividend of $1.81 per share of common stock. The dividend is payable on November 9, 2026 to shareholders of record at the close of business on October 1, 2026.
The Board of Directors of McKesson yesterday declared a regular dividend of $0.94 per share of common stock, a 15% increase from $0.82 per share in the prior quarter. The dividend will be payable on October 1, 2026, to shareholders of record on September 1, 2026. "Today's announcement marks our tenth consecutive year of dividend growth, reflecting the strength of our business, our disciplined approach to capital allocation and our commitment to returning capital to shareholders," said Brian Tyler, chair and chief executive officer. "We remain focused on leveraging our financial strength to execute against the company priorities and create sustainable, long-term value for shareholders."
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Periodand min./max. price, $	Price change, %		Volatility, %		Volume, $
Periodand min./max. price, $	NSC	Industry	NSC	Industry	Volume, $
Yesterday 347.3 - 353.5	-0.26	15.18	8.57	1.61	270.76M
Week 329.8 - 358.6	2.90	21.32	3.58	3.21	1.74B
Month 310.4 - 358.6	12.26	40.60	5.37	9.34	4.91B
3 Months 297.5 - 358.6	10.01	75.73	7.99	20.85	15.02B
6 Months 277.9 - 358.6	21.39	68.20	11.50	25.43	31.58B
Year 268.2 - 358.6	26.36	107.21	20.42	49.26	67.75B
3 years 183.1 - 358.6	48.00	141.67	42.65	68.73	143.92B
5 years 183.1 - 358.6	33.23	63.62	55.59	95.37	225.81B
All time 11.9 - 299.2	728.34	191.69	—	—	195.18B

Norfolk Southern Corporation

Price and volatility history

Risk ratios