Norfolk Southern (NSC) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $3.62
- Estimate
- $3.47
- Surprise
- +4.3%
- Revenue (period 2026-09-30)
- $3.53B
- Score at report (before → after)
- 5.3 → 5.3/10
Revenue source: xbrl.
How the report landed
Norfolk Southern (NSC) beat the $3.47 estimate with adjusted EPS of $3.62 — a clear 4.3% upside surprise. TrendMatrix's engine moved from Hold (5.3/10) to Sell at 5.3/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NSC Sell at 5.4/10.
4 of the last 4 quarters beat the estimate; this quarter's +4.3% surprise compares with a +8.3% four-quarter average. Next scheduled report: 2027-01-28.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive insider activity
What argues against it
- Analyst target reached - limited upside remaining
- Sector modifier (Industrials): -0.7
- Leverage penalty (D/E 1.0): -0.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $333.08
- Stop
- $318.90
The stock trades at 27.7× trailing but 22.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-12 — shown for context, not personalized investment advice.
NSC at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Railroads
- Market cap
- $74.26B
- P/E (fwd)
- 22.8
- P/E (ttm)
- 27.7
- 52-week range
- $277.80–$358.60
- Off 52-week high
- 7.1%
- RSI (14)
- 54
- Volume vs avg
- 0.01×
- Score today
- 5.4/10