Norfolk Southern Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Norfolk Southern Corporation (NYSE:NSC) is anticipated to release its Q4 earnings on Jan. 26, 2024, with expected earnings of $2.87 per share, down from $3.42 per share a year ago, and projected revenue of $3.08 billion, down from $3.24 billion. The company's Q3 FY23 results showed a revenue decline of 11% YOY to $2.97 billion, with an adjusted EPS of $2.65. NSC shares closed up 0.3% at $237.85. Analysts from JP Morgan, B of A Securities, BMO Capital, Citigroup, and Wells Fargo have recently adjusted their price targets for NSC.
January 26, 2024 | 8:45 am
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Norfolk Southern is expected to report lower earnings and revenue for Q4 compared to the previous year. Analysts have recently adjusted their price targets, with mixed changes reflecting a cautious outlook.
The expected decline in both earnings per share and revenue for Norfolk Southern's Q4 indicates potential challenges that could negatively impact investor sentiment in the short term. The recent adjustments in price targets by analysts, although varied, generally suggest a cautious outlook on the stock, which could lead to a decrease in its price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100