Kansas City Southern reported second-quarter 2018 earnings per share (on an adjusted basis) of $1.54, surpassing the Zacks Consensus Estimate of $1.52. Earnings, however, increased 15.8% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Kansas City Southern depicted a gloomy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter earnings being revised 1.9% downward over the last 30 days
However, Kansas City Southern has an impressive earnings surprise history. Even prior to the earnings beat in the second-quarter, the company delivered positive surprises in three of the past four quarters. The average earnings beat was 1.4%.
Revenues Lower Than Expected
Kansas City Southern recorded revenues of $682.4 million, which fell short of the Zacks Consensus Estimate of $688.1 million. However, it compared favorably with the year-ago number of $656.4 million.
Key Q2 Statistics: Kansas City Southern reported operating ratio of 64% in the reported quarter, compared with 63.5% a year-ago. We note that lower the value of operating ratio the better. Operating income improved 3% to $246 million. Overall, carload volumes improved 1% in the quarter.
Zacks Rank: Currently, Kansas City Southern carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Kansas City Southern earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Image: Bigstock
Kansas City Southern (KSU) Beats on Q2 Earnings
Kansas City Southern reported second-quarter 2018 earnings per share (on an adjusted basis) of $1.54, surpassing the Zacks Consensus Estimate of $1.52. Earnings, however, increased 15.8% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Kansas City Southern depicted a gloomy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter earnings being revised 1.9% downward over the last 30 days
However, Kansas City Southern has an impressive earnings surprise history. Even prior to the earnings beat in the second-quarter, the company delivered positive surprises in three of the past four quarters. The average earnings beat was 1.4%.
Kansas City Southern Price and EPS Surprise
Kansas City Southern Price and EPS Surprise | Kansas City Southern Quote
Revenues Lower Than Expected
Kansas City Southern recorded revenues of $682.4 million, which fell short of the Zacks Consensus Estimate of $688.1 million. However, it compared favorably with the year-ago number of $656.4 million.
Key Q2 Statistics: Kansas City Southern reported operating ratio of 64% in the reported quarter, compared with 63.5% a year-ago. We note that lower the value of operating ratio the better. Operating income improved 3% to $246 million. Overall, carload volumes improved 1% in the quarter.
Zacks Rank: Currently, Kansas City Southern carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Kansas City Southern earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>