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Kansas City Southern (KSU) Q3 Earnings Miss Estimates

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Kansas City Southern through its various subsidiaries and alliances, provides rail transportation services over a network of more than 25,000 route miles across the U.S., Canada and Mexico. The Kansas City, MO- based company’s coordinated rail network provides shippers with an effective alternative by giving direct access to Mexico, the south-east and south-west United States through less congested interchange hubs. Kansas City Southern continues to face the brunt of weak domestic coal shipments.

Currently, Kansas City Southern has a Zacks Rank # 3 (Hold), but that could change following Kansas City Southern earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Kansas City Southern’s earnings (on an adjusted basis) of $1.12 per share missed the Zacks Consensus Estimate of $1.20. Earnings decreased 7.0% on a year-over-year basis.

Revenue: Kansas City Southern reported revenues of $604.5 million which beat the Zacks Consensus Estimate of $601.4 million. Revenues decreased 4% on a year-over-year basis.

Key Stats to Note: Kansas City Southern reported operating ratio of 66.9% in the reported quarter as against 65.2% in the year-ago quarter. Energy revenues fell 15% mainly due to below par performances of Frac Sand and crude oil.

Check back later for our full write up on this Kansas City Southern earnings report later!

KANSAS CITY SOU Price and EPS Surprise

KANSAS CITY SOU Price and EPS Surprise | KANSAS CITY SOU Quote

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