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Atlanta, Georgia-based Norfolk Southern Corporation (NSC) provides rail transportation services. Valued at $56 billion by market cap, the company transports raw materials, intermediate products, and finished goods via interchange with rail carriers. NSC also transports overseas freight through several Atlantic and Gulf Coast ports. The leader in the transportation industry is expected to announce its fiscal third-quarter earnings for 2024 before the market opens on Tuesday, Oct. 22.
Ahead of the event, analysts expect NSC to report a profit of $3.11 per share on a diluted basis, up 17.4% from $2.65 per share in the year-ago quarter. The company missed the consensus estimates in three of the last four quarters while beating on another occasion.