| NSC |
Report |
Adjusted EPS |
BEAT |
pred ~$3.27 vs. cons $3.23 |
MEDIUM |
| NSC |
Report |
Railway operating revenue |
IN-LINE |
pred ~$3.29B vs. cons $3.30B |
MEDIUM |
| NSC |
Report |
Adjusted operating ratio |
IN-LINE |
pred ~66.9% vs. cons 66.7% |
MEDIUM |
| NSC |
Guide |
Adjusted operating-cost envelope |
UNCHANGED |
guide ~$8.3B midpoint vs. cons $8.3B midpoint (FY2026) |
MEDIUM |
| NSC |
Guide |
Productivity savings |
BETTER |
guide ~$175M vs. cons $150M (FY2026) |
LOW |
| NSC |
Guide |
Union Pacific transaction closing timeline |
UNCHANGED |
guide ~Q3 2027 vs. cons Q3 2027 (transaction close) |
MEDIUM |
| NSC |
Return |
Day-1 residual (stock − beta × S&P 500) |
+0.8% |
— |
LOW |
| NSC |
Return |
5-day cumulative residual |
+0.2% (FADE) |
The Q2 EPS beat adds roughly $0.04, but fuel and a high-end cost-envelope bias likely reduce H2 estimates by roughly $0.06, implying an approximately $0.02 net FY2026 estimate cut; merger-arbitrage pricing should further limit follow-through. |
LOW |