Wall Street analyst estimates for Norfolk Southern Corporation (NSC): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Norfolk Southern Corporation (NSC), operating through its various subsidiaries, is a prominent rail transport provider in the United States. The company's core business involves the conveyance of raw materials, semi-finished goods, and completed merchandise across the nation. Its extensive freight services cover a broad spectrum of commodities.
Consensus price target
$364.71 (+6 % vs price $342.64)
between $350.00 and $400.00 · 3 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $13.5B | $13.3B – $13.6B | $13.04 | 12 |
| 2027E | $14.2B | $13.9B – $14.8B | $14.52 | 13 |
| 2028E | $14.8B | $14.1B – $15.5B | $15.95 | 7 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 21 |
| Hold | 24 |
| Sell | 3 |
| Strong Sell | 0 |
| Total analysts | 48 |
| Avg rating (−2 sell to +2 buy) | 0.38 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-02-04 | $3.26 | ||
| 2026-10-22 | $3.62 | $3.46 | +4.6% |
| 2026-07-23 | $3.52 | $3.32 | +6.0% |
| 2026-04-24 | $2.65 | $2.49 | +6.4% |
| 2026-01-29 | $3.22 | $2.76 | +16.7% |
| 2025-10-23 | $3.30 | $3.19 | +3.4% |
| 2025-07-29 | $3.29 | $3.31 | -0.6% |
| 2025-04-23 | $2.69 | $2.66 | +1.1% |
Valuation Ratios
| P/E Ratio | 28.72 |
| Price / Book | 4.60 |
| EV / EBITDA | 16.72 |
| Dividend Yield | 1.58% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.89B | $10.55B | $11.46B | $11.30B | $9.79B | $11.14B | $12.74B | $12.16B | $12.12B | $12.18B |
| Cost of Revenue | $6.82B | $7.03B | $7.50B | $7.40B | $6.39B | $6.78B | $8.01B | $9.35B | $8.36B | $7.01B |
| Gross Profit | $3.07B | $3.52B | $3.96B | $3.89B | $3.40B | $4.37B | $4.73B | $2.81B | $3.76B | $5.17B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | -$102.0M | -$126.0M | -$117.0M | -$120.0M | $753.0M |
| Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $1.16B |
| Operating Income | $3.07B | $3.52B | $3.96B | $3.89B | $3.40B | $4.37B | $4.73B | $2.81B | $3.76B | $4.01B |
| EBITDA | $4.18B | $4.74B | $5.13B | $5.23B | $4.31B | $5.71B | $6.04B | $4.34B | $5.49B | $5.85B |
| Interest Expense | $569.0M | $550.0M | $557.0M | $604.0M | $625.0M | $646.0M | $692.0M | $722.0M | $807.0M | $792.0M |
| Pre-tax Income | $2.58B | $3.13B | $3.47B | $3.49B | $2.53B | $3.88B | $4.13B | $2.32B | $3.33B | $3.67B |
| Income Tax | $914.0M | -$2.28B | $803.0M | $769.0M | $517.0M | $873.0M | $860.0M | $493.0M | $707.0M | $792.0M |
| Net Income | $1.67B | $5.40B | $2.67B | $2.72B | $2.01B | $3.00B | $3.27B | $1.83B | $2.62B | $2.87B |
| EPS | $5.66 | $18.76 | $9.94 | $10.32 | $7.88 | $12.16 | $13.92 | $8.04 | $11.58 | $12.75 |
| EPS (Diluted) | $5.62 | $18.61 | $9.51 | $10.25 | $7.84 | $12.11 | $13.88 | $8.02 | $11.57 | $12.75 |
| Shares Outstanding (Diluted) | 296.0 M | 290.3 M | 280.2 M | 265.6 M | 256.6 M | 248.1 M | 235.6 M | 227.4 M | 226.4 M | 224.8 M |
Price
| Price | $342.64 (closing price, October 30, 2026) |
| Market Cap | $77.0B |
| Exchange | NYSE |
| Country | US |
Related companies: CSX · UNP · CP · CNI
Explore sector: Industrials · Railroads
More sections of NSC: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
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