Norfolk Southern (NSC) Soars 7.6%: Is Further Upside Left in the Stock?

Company Overview - Norfolk Southern (NSC) shares increased by 7.6% to close at $222.02, following a significant trading volume compared to normal sessions, despite a prior 11.4% loss over the past four weeks [1] - The stock's gain was influenced by President Donald Trump's announcement to pause "reciprocal" import taxes for 90 days, as over 75 countries sought trade deals [2] Earnings Expectations - Norfolk Southern is projected to report quarterly earnings of $2.83 per share, reflecting a year-over-year increase of 13.7%, with expected revenues of $3.02 billion, up 0.7% from the previous year [2] - However, the consensus EPS estimate has been revised down by 1.2% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] Industry Context - Norfolk Southern is part of the Zacks Transportation - Rail industry, where Canadian Pacific Kansas City (CP) also operates, having closed 9% higher at $73.18, but with a -8.1% return over the past month [4] - Canadian Pacific Kansas City's consensus EPS estimate has decreased by 0.3% to $0.75, representing an 8.7% increase compared to the previous year's EPS [5]