Overview

* Norfolk Southern ( NSC ) Q3 revenue was $3.1 bln, meets analyst expectations

* Adjusted EPS for Q3 was $3.30, beating analyst expectations

* Company achieved record fuel efficiency and executed a significant land sale

Outlook

* Norfolk Southern ( NSC ) raises 2025 productivity target to ~$200 mln from ~$175 mln

Result Drivers

* FUEL EFFICIENCY - Achieved an all-time record in fuel efficiency, contributing to strong results in a dynamic freight market, according to President and CEO

* LAND SALE - Executed a significant land sale, contributing $65 mln to income from railway operations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Meet $3.10 $3.10

Operatin bln bln (17

g Analysts

Revenue )

Q3 Beat $3.30 $3.18

Adjusted (21

EPS Analysts

)

Q3 EPS $3.16

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 16 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the ground freight & logistics peer group is "buy."

* Wall Street's median 12-month price target for Norfolk Southern Corp ( NSC ) is $303.00, about 4.4% above its October 21 closing price of $289.78

* The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)