Norfolk Southern Poised for Long-Term Efficiency, Analyst Projects Improved Operating Ratios
Portfolio Pulse from Lekha Gupta
Norfolk Southern Corporation (NYSE:NSC) reported strong Q2 financial results, leading to several analysts revising their price targets. The company reported $3 billion in railway operating revenue and adjusted earnings of $3.06 per share, beating estimates. Analysts from RBC Capital Markets, Goldman Sachs, Stifel, and Wells Fargo have adjusted their price targets and ratings, reflecting confidence in NSC's long-term efficiency and productivity gains. Investors can also gain exposure through IShares U.S. Transportation ETF (BATS:IYT) and Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF (NYSE:NRSH).
July 26, 2024 | 6:10 pm
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POSITIVE IMPACT
IShares U.S. Transportation ETF (IYT) provides exposure to Norfolk Southern Corporation, which reported strong Q2 financial results. The positive outlook for NSC could benefit IYT.
As IYT includes NSC, the strong performance and positive outlook for NSC could positively impact IYT's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF (NRSH) includes exposure to Norfolk Southern Corporation, which reported strong Q2 financial results. The positive outlook for NSC could benefit NRSH.
As NRSH includes NSC, the strong performance and positive outlook for NSC could positively impact NRSH's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Norfolk Southern Corporation reported strong Q2 financial results, with $3 billion in revenue and $3.06 per share in adjusted earnings, beating estimates. Analysts revised their price targets and ratings, reflecting confidence in the company's long-term efficiency and productivity gains.
The strong Q2 financial results and positive analyst revisions indicate a bullish outlook for NSC. The company's reaffirmed guidance and expected productivity gains further support this positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100