What's Next For Norfolk Southern Stock After A Q2 Earnings Beat?
Norfolk Southern(NSC) Forbes·2024-07-31 20:00
NSC stock has seen little change, moving from levels of $240 in early January 2021 to around $250 now, vs. an increase of about 45% for the S&P 500 over this period. However, the increase in NSC stock has been far from consistent. Returns for the stock were 27% in 2021, -16% in 2022, and -2% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 — indicating that NSC underperformed the S&P in 2023. Norfolk Southern's revenue of $3.04 billion in Q2 was up 2% y-o- ...