Norfolk Southern Corp.NSC controls a major freight railroad, Norfolk Southern Railway Company. The company is primarily engaged in the rail transportation of raw material, intermediate products and finished goods, primarily in Southeast, East and Midwest United States. It provides comprehensive logistics services and offers the most extensive intermodal network on the eastern side of the United States.
Norfolk Southern has an impressive record with respect to earnings. The railroad operator has beaten the Zacks Consensus Estimate in three of the last four quarters. The average earnings beat is 8.78%.
ZacksRank : Currently, Norfolk Southern has a Zacks Rank #3 (Hold), but that could definitely change following Norfolk Southern 's earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings : Norfolk Southern 's fourth quarter 2016 earnings per share of $1.42 beat the Zacks Consensus Estimate of $1.38. Earnings were up 18% on a year-over-year basis.
Norfolk Southern Corporation Price and EPS Surprise
Revenue : Railway operating revenues in the final quarter of 2016 came in at $2,490 million, short of the Zacks Consensus Estimate of $2,501 million. Revenues also declined 1% on a year over year basis.
Key Stats: Norfolk Southern raised its quarterly cash dividend by 3% to 61 cents per share (annualized $2.48 per share). The first installment of the new dividend will be paid on Mar 10 to the shareholders of record on Feb. 3. The company revealed that operating ratio in the reported quarter improved 510 basis points on a year-over-year basis to 69.4% in the final quarter of 2016.
Stock Price : The earnings beat pleased investors. Consequently, stock was up in pre-market trading at the time of writing.
Check back later for our full write up on this Norfolk Southern earnings report later!
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