Norfolk Southern Analysts Cut Their Forecasts After Earnings Miss
Portfolio Pulse from Lisa Levin
Norfolk Southern Corp (NYSE:NSC) reported a Q3 FY23 railway operating revenue decline of 11% YoY to $2.97 billion, beating the consensus of $2.95 billion. However, its adjusted EPS was $2.65, below the consensus of $2.69. Following the earnings announcement, several analysts including Barclays, Morgan Stanley, Wells Fargo, Citigroup, BMO Capital, and RBC Capital have lowered their price targets on Norfolk Southern.
October 26, 2023 | 5:48 pm
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Norfolk Southern's Q3 FY23 earnings missed expectations, leading to several analysts lowering their price targets on the stock.
Norfolk Southern's Q3 FY23 earnings missed expectations, which is a negative signal for the company's performance. This has led to several analysts lowering their price targets on the stock, indicating a bearish outlook for the company in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100