Can Cost Reduction Drive Norfolk Southern (NSC) Q3 Earnings?
Zacks Investment Research | Oct 19, 2017 09:47PM ET
Norfolk Southern Corporation (NYSE:NSC) is scheduled to report third-quarter results on Oct 25, before the market opens.
Last quarter, the company delivered a positive earnings surprise of 4.3%. Also, the company’s bottom line surpassed the Zacks Consensus Estimate in all the trailing four quarters with an average beat of 5.9%.
Let’s see how things are shaping up for this announcement.
Earnings Whispers
Our proven model shows that Norfolk Southern is likely to beat estimates this quarter because it has the perfect combination of two key ingredients.
Zacks ESP: Norfolk Southern has an Earnings ESP Filter .
Zacks Rank: Norfolk Southern carries a Zacks Rank #3 (Hold). Notably, stocks with a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 have significantly higher chances of an earnings beat.
Conversely, the Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Norfolk Souther Corporation Price and EPS Surprise
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