Watch for earnings from the Railroads industry this week; NSC, CP, KSU, WAB, TRN, RAIL | News Feed

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Watch for earnings from the Railroads industry this week; NSC, CP, KSU, WAB, TRN, RAIL

Monday, 26 October 2009 03:22

The major portion of the earnings season is reaching its peak, and daily the markets are fluctuating with the releases of the major stocks and industries. Here we take a look at the Railroads industry stocks with filings this week. It’s vital for traders to stay informed on which companies are due to report and to know what expectations are for those reports.

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Norfolk Southern Corp. (NSC) is the biggest announcement (in terms of market cap) in the industry this week on Tuesday. The company has posted a 4.71% gain in stock price since about the time of its last earnings release, while the Railroads industry overall has returned 5.18% gain in the same period.

Investors will watch the NSC release closely as it may be an indicator for the stocks that follow it this week in the same industry and the overall health of the group.

Also filing and hosting a call this week is Canadian Pacific Railway Limited (CP) on Tuesday. The stock boasts a market cap of $7.86B and has seen a 17.33% gain in value since around the time of its previous earnings announcement. Industry peer Kansas City Southern (KSU) is the third largest stock in the industry to post this week and will release earnings Thursday.