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Norfolk Southern Corporation

NSC Industrials Railroads
$338.23
▲ +3.9% Today
as of Oct 22, 16:50 ET
Last 30 days +5.68% Sep 14 → Oct 22
$306.66 $315.14 $323.62 $332.09 $340.57 Sep 14 Sep 22 Sep 29 Oct 07 Oct 14 Oct 22
Open
$325.71
High
$338.23
Low
$323.27
Volume
$1M
Avg Vol
$1M
Mkt Cap
$70.3B
P/E (TTM)
36.94
Beta
—
52w High
$358.60
52w Low
$277.80
Div Yield
—
Shares Out
$225M

Recent Press Releases & News last 60 days · 25 items

mixed ▲ 0 ● 22 ▼ 3
Oct 21 · 23:31 PR PR Newswire neutral
Norfolk Southern Declares Quarterly Dividend
Oct 21 · 17:47 Trefis neutral
How Will Norfolk Southern Stock React To Its Upcoming Earnings?
Oct 21 · 11:13 EARNINGS Zacks neutral
Norfolk Southern Gears Up for Q3 Earnings: What's in Store?
▸ Show all 25 press releases & news Free account →

NSC earnings at a glance

The options market is pricing a move of about ±2.7% after the report, a range of roughly $329.13 to $347.33 from today's $338.23. Over its last 6 reports the stock rose the next day 3 times and fell 3, moving ±2.2% on average; after the most recent report on Jul 23, 2026 it moved +5.3%. That means options currently expect more movement than NSC has typically delivered. NSC beat the consensus EPS estimate in 5 of its last 6 reported quarters. Implied volatility is currently 23%. The share price of $338.23 sits in the middle of its 52-week range.

More Industrials stocks · All stocks · Earnings calendar

Overview

52-week range
$278
$359
75% of range
Avg surprise (last 6)
+5.6%
Avg reaction (last 6)
+0.6%
50% positive
Latest IV / EM
23%
EM ±2.7% · $320 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$0.23$1.38$2.54$3.69$4.85 Actual $2.04Actual $1.56Actual $2.10Actual $0.23Actual $3.25Actual $4.85Actual $2.69Est $2.72Actual $3.29Est $3.27Actual $3.30Est $3.18Actual $3.22Est $2.78Actual $2.65Est $2.51Actual $3.52Est $3.23 MarJunSepMarJunSepMar/2025Jun/2025Sep/20258K8KJun/2026
Revenue vs Net Income Revenue Net income
$0$910M$1.8B$2.7B$3.6B Sep 24Mar 25Jun 25Sep 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Thu Jul 23, 2026Jun/2026 $3.52 $3.23 +9.0% -1.8% +5.3% earnings
Fri Apr 24, 20268K 2026-04-24 $2.65 $2.51 +5.6% — -0.5% earnings
Thu Jan 29, 20268K 2026-01-29 $3.22 $2.78 +15.8% — +2.0% earnings
Thu Oct 23, 2025Sep/2025 $3.30 $3.18 +3.8% — -1.2% earnings
Tue Jul 29, 2025Jun/2025 $3.29 $3.27 +0.6% — -3.0% earnings
Wed Apr 23, 2025Mar/2025 $2.69 $2.72 -1.1% — +0.9% earnings
Mon Sep 30, 2024Sep 2024 $4.85 — — — — financials
Sun Jun 30, 2024Jun 2024 $3.25 — — — — financials
Sun Mar 31, 2024Mar 2024 $0.23 — — — — financials
Sat Sep 30, 2023Sep 2023 $2.10 — — — — financials
Fri Jun 30, 2023Jun 2023 $1.56 — — — — financials
Fri Mar 31, 2023Mar 2023 $2.04 — — — — financials

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue$3.46B$3.00B—$3.10B$3.11B$2.99B—$3.05B
Cost of revenue————————
Gross profit————————
Operating income$1.12B$877M—$1.10B$1.18B$1.15B—$1.60B
Net income$734M$547M—$711M$768M$750M—$1.10B
EPS (diluted)$3.26$2.43—$3.16$3.41$3.31—$4.85

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents$1.07B$1.34B$1.53B$1.42B$1.30B$1.01B$1.64B$975M
Inventory————————
Total current assets$2.80B$3.02B$3.20B$3.04B$2.91B$2.70B$3.19B$2.69B
Total assets$45.12B$45.11B$45.24B$44.58B$44.16B$43.80B$43.68B$43.26B
Long-term debt————————
Total liabilities$28.87B$29.31B$29.69B$29.44B$29.37B$29.29B$29.38B$29.47B
Total equity$16.25B$15.80B$15.55B$15.14B$14.79B$14.51B$14.31B$13.79B

Implied volatility — last 90 days

18%24%31%37%43% Jun 07 — IV 30% · EM ±4.1%Jun 08 — IV 26% · EM ±3.4%Jun 09 — IV 27% · EM ±3.3%Jun 10 — IV 27% · EM ±3.2%Jun 11 — IV 24% · EM ±2.7%Jun 12 — IV 28% · EM ±2.9%Jun 15 — IV 29% · EM ±2.1%Jun 16 — IV 32% · EM ±1.9%Jun 17 — IV 42% · EM ±1.8%Jun 19 — IV 24% · EM ±5.3%Jun 22 — IV 26% · EM ±5.4%Jun 23 — IV 26% · EM ±5.3%Jun 24 — IV 25% · EM ±4.9%Jun 25 — IV 22% · EM ±4.4%Jun 26 — IV 23% · EM ±4.3%Jun 29 — IV 21% · EM ±3.8%Jun 30 — IV 24% · EM ±4.1%Jul 01 — IV 21% · EM ±3.4%Jul 02 — IV 20% · EM ±3.2%Jul 03 — IV 21% · EM ±3.2%Jul 06 — IV 23% · EM ±3.2%Jul 07 — IV 24% · EM ±3.2%Jul 08 — IV 23% · EM ±2.9%Jul 09 — IV 22% · EM ±2.6%Jul 10 — IV 19% · EM ±2.1%Jul 13 — IV 19% · EM ±1.6%Jul 14 — IV 29% · EM ±2.1%Jul 15 — IV 27% · EM ±1.6%Jul 16 — IV 30% · EM ±1.3%Jul 20 — IV 29% · EM ±6.8%Jul 21 — IV 29% · EM ±6.7%Jul 22 — IV 26% · EM ±5.9%Jul 23 — IV 24% · EM ±5.4%Jul 24 — IV 21% · EM ±4.6%Jul 27 — IV 20% · EM ±4.2%Jul 28 — IV 19% · EM ±4.0%Jul 29 — IV 23% · EM ±4.6%Jul 30 — IV 22% · EM ±4.3%Jul 31 — IV 23% · EM ±4.4%Aug 03 — IV 21% · EM ±3.8%Aug 04 — IV 19% · EM ±3.3%Aug 05 — IV 19% · EM ±3.2%Aug 06 — IV 18% · EM ±3.0%Aug 07 — IV 21% · EM ±3.3%Aug 10 — IV 25% · EM ±3.5%Aug 11 — IV 27% · EM ±3.6%Aug 12 — IV 25% · EM ±3.1%Aug 13 — IV 20% · EM ±2.4%Aug 14 — IV 27% · EM ±2.9%Aug 17 — IV 24% · EM ±2.0%Aug 18 — IV 25% · EM ±1.8%Aug 19 — IV 29% · EM ±1.7%Aug 20 — IV 44% · EM ±1.8%Aug 24 — IV 21% · EM ±4.3%Aug 25 — IV 20% · EM ±4.2%Aug 26 — IV 20% · EM ±4.0%Aug 27 — IV 19% · EM ±3.7%Aug 28 — IV 20% · EM ±3.8%Aug 31 — IV 21% · EM ±3.7%Sep 01 — IV 22% · EM ±3.8%Sep 02 — IV 22% · EM ±3.7%Sep 03 — IV 23% · EM ±3.7%Sep 04 — IV 21% · EM ±3.2%Sep 07 — IV 23% · EM ±3.2%Sep 08 — IV 23% · EM ±3.1%Sep 09 — IV 28% · EM ±3.6%Sep 10 — IV 28% · EM ±3.3%Sep 11 — IV 22% · EM ±2.4%Sep 14 — IV 24% · EM ±2.0%Sep 15 — IV 28% · EM ±2.1%Sep 16 — IV 35% · EM ±2.1%Sep 17 — IV 28% · EM ±1.2%Sep 21 — IV 21% · EM ±4.3%Sep 22 — IV 22% · EM ±4.4%Sep 23 — IV 21% · EM ±4.3%Sep 24 — IV 22% · EM ±4.4%Sep 25 — IV 21% · EM ±4.1%Sep 28 — IV 23% · EM ±4.1%Sep 29 — IV 22% · EM ±3.9%Sep 30 — IV 21% · EM ±3.6%Oct 01 — IV 23% · EM ±3.6%Oct 02 — IV 20% · EM ±3.2%Oct 06 — IV 25% · EM ±3.3%Oct 07 — IV 24% · EM ±2.9%Oct 08 — IV 23% · EM ±2.7%

Sector peers

CNI
Canadian National Railway Company
$70.1B $124.93+3.0%
CP
Canadian Pacific Kansas City Limited
$74.8B $90.62+3.8%
WAB
Westinghouse Air Brake Technologies Corporation
$47.7B $276.47-2.5%
TRN
Trinity Industries, Inc.
$2.0B $25.82+4.0%
GBX
Greenbrier Companies, Inc. (The)
$1.2B $38.78+3.1%
RAIL
Freightcar America, Inc.
$215M $4.30+7.0%

NSC earnings FAQ

What is NSC's expected move for earnings?

Options currently price a move of about ±2.7%, or $9.10 per share either way from $338.23.

How does NSC stock usually react to earnings?

Across the last 6 reports the average next-day move was ±2.2%, up 3 times and down 3 times.

What is NSC's implied volatility?

NSC's at-the-money implied volatility is about 23% based on the latest options snapshot.

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