How often does Norfolk Southern move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

NSCNYSERailroads, Line-Haul Operating

Norfolk Southern Corp (NSC) earnings date, market-implied expected move, and options open interest by expiry

342.93

+1.98 · +0.58%

Regular session15:03 ET

Open345.21Volume679,917Mkt cap$76.6BP/E28.70EPS11.95Div yield1.58%

Day337.85 – 346.1261%52-wk274.30 – 357.1883%

NSC

Norfolk Southern Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Next report

Jan 28

before open · in 85 days

est.Q4 FY26

Calendar

Next report

Last report

+3.09%

vs ±4.6% implied · ×0.67

shaded = implied · ▲▼ = realized

Oct 22 '26 · confirmed

Implied vs realized

Linked news

22hMETC · customerRamaco Resources posts net loss of $18,235 thousand, revenue $150,089 thousand, Class A EPS $(0.32)
23hJBHT · customerJ.B. Hunt Transport Services, Inc. Announces Participation in Upcoming Investor Conferences
5dTTAM · customerTitan America declares $0.04 per-share fourth-quarter 2026 distribution

News

Largest filed tie

13F top-10 QoQ

+6.87%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

1,864 managers

Top fund weight

2.05%

NSC weight · EVNT

N-PORTAug 31 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Norfolk Southern (NSC) is expected to report on Jan 28 before open (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±3.6%
avg realized: ±2.2%

Jan 29 '25Jan 29 '25confirmed±3.7%▲+1.75%×0.47

Apr 23 '25Apr 23 '25confirmed±3.7%▲+0.89%×0.24

Jul 29 '25Jul 29 '25confirmed±4.0%▼−3.04%×0.77

Oct 23 '25Oct 23 '25confirmed±2.1%▼−1.17%×0.56

Jan 29 '26Jan 29 '26confirmed±1.7%▲+2.00%×1.17

Q1 FY26Apr 24 '26confirmed±4.3%▼−0.54%×0.13

Q2 FY26Jul 23 '26confirmed±5.1%▲+5.32%×1.05

Q3 FY26Oct 22 '26confirmed±4.6%▲+3.09%×0.67

quarterimplied−10%0+10%realized×

Q3 FY26±4.6%▲+3.09%×0.67

Q2 FY26±5.1%▲+5.32%×1.05

Q1 FY26±4.3%▼−0.54%×0.13

Jan '26±1.7%▲+2.00%×1.17

Oct '25±2.1%▼−1.17%×0.56

Jul '25±4.0%▼−3.04%×0.77

2 older reports

Apr '25±3.7%▲+0.89%×0.24

Jan '25±3.7%▲+1.75%×0.47

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 28 close

3.77OI · 4 expiries · Oct 28 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

1,046+4%Nov 2016d0.991,0540%0.99

883+1%Dec 1844d0.611,4520%0.61

2,2320%Jan 1572d1.481,508+3%1.48

report · Jan 28 · before open · est.

1,4610%Mar 19135d3880%

ExpiryPutsCallsP/C

Nov 2016d1,046+4%1,0540%0.99

Dec 1844d883+1%1,4520%0.61

Jan 1572d2,2320%1,508+3%1.48

report · Jan 28 · before open · est.

Mar 19135d1,4610%3880%3.77

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

21.53%as filednet margin · revenue +1.76% QoQ · +13.63% YoY

Revenue

$3.5B+1.76% QoQ

Gross profit

$1.8B+2.32% QoQ

51.25% margin

Operating income

$1.1B+2.31% QoQ

32.61% margin

Pre-tax income

$987M+2.92% QoQ

Net income

$759M+3.41% QoQ

21.53% margin

Cost of revenue

$1.7B+1.18% QoQ

Operating expenses

$657M+2.34% QoQ

Depreciation $363M

Other operating $252M

Other operating $42M

Other expense

$163M

Tax

$228M+1.33% QoQ

Revenue$3.5B+1.76%

Gross profit

$1.8B+2.32%

51.25% margin

Operating income

$1.1B+2.31%

32.61% margin

Pre-tax income

$987M+2.92%

Net income

$759M+3.41%

21.53% margin

Cost of revenue

$1.7B+1.18%

Operating expenses

$657M+2.34%

Depreciation $363M

Other operating $252M

Other operating $42M

Other expense

$163M

Tax$228M+1.33%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 15:00 ET

Intraday

Event sensitivity

NFP ×1.31· ±1.4% vs ±1.1% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.4%5 of 10×1.31

CPROFcorporate profits±1.2%8 of 12×1.16

FOMCrate decision±1.2%10 of 24×1.09

PCEpersonal income & outlays±1.1%10 of 19×1.01

GDPgross domestic product±1.0%13 of 19×0.91

PPIproducer prices±0.7%6 of 10×0.66

CPIconsumer prices±0.5%4 of 10×0.45

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 3.37 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 22 '26 · confirmed	3.37	—
Q2 FY26	Jul 23 '26 · confirmed	3.26	—
Q1 FY26	Apr 24 '26 · confirmed	2.43	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod