Norfolk Southern Q4 Adjusted EPS $2.83 Misses $2.87 Estimate, Sales $3.10B Beat $3.08B Estimate
Portfolio Pulse from Benzinga Newsdesk
Norfolk Southern Corporation reported Q4 earnings with an adjusted EPS of $2.83, missing the consensus estimate of $2.87 by 1.39%. Year-over-year, this represents a 17.25% decrease from the previous $3.42 EPS. However, the company's quarterly sales of $3.10B slightly exceeded expectations by 0.65%, beating the $3.08B estimate but still marking a 4.23% decline from the $3.24B reported in the same period last year.
January 26, 2024 | 1:03 pm
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NEGATIVE IMPACT
Norfolk Southern's Q4 earnings missed EPS estimates and showed a significant decrease from last year, although sales slightly beat expectations.
Missing the EPS estimates and reporting a notable year-over-year decline is likely to negatively impact investor sentiment in the short term. Although the sales beat might offer some positive outlook, the decline in sales compared to last year could further contribute to a bearish view. The EPS miss is typically a strong driver of negative stock price movement, hence the negative score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100