In its upcoming report, Norfolk Southern ( NSC - Free Report ) is predicted by Wall Street analysts to post quarterly earnings of $3.26 per share, reflecting an increase of 6.5% compared to the same period last year. Revenues are forecasted to be $3.13 billion, representing a year-over-year increase of 2.9%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.