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CSX (CSX) Gains But Lags Market: What You Should Know
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CSX (CSX - Free Report) closed the most recent trading day at $69.27, moving +0.67% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.09%. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 2.01%.
Heading into today, shares of the freight railroad had lost 7.43% over the past month, outpacing the Transportation sector's loss of 10.04% and the S&P 500's loss of 7.81% in that time.
Wall Street will be looking for positivity from CSX as it approaches its next earnings report date. This is expected to be January 15, 2019. The company is expected to report EPS of $1, up 56.25% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.14 billion, up 9.51% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.80 per share and revenue of $12.25 billion. These totals would mark changes of +65.22% and +7.34%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for CSX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.12% higher. CSX is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, CSX currently has a Forward P/E ratio of 18.11. Its industry sports an average Forward P/E of 18.05, so we one might conclude that CSX is trading at a premium comparatively.
We can also see that CSX currently has a PEG ratio of 1.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CSX's industry had an average PEG ratio of 1.5 as of yesterday's close.
The Transportation - Rail industry is part of the Transportation sector. This group has a Zacks Industry Rank of 3, putting it in the top 1% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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CSX (CSX) Gains But Lags Market: What You Should Know
CSX (CSX - Free Report) closed the most recent trading day at $69.27, moving +0.67% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.09%. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 2.01%.
Heading into today, shares of the freight railroad had lost 7.43% over the past month, outpacing the Transportation sector's loss of 10.04% and the S&P 500's loss of 7.81% in that time.
Wall Street will be looking for positivity from CSX as it approaches its next earnings report date. This is expected to be January 15, 2019. The company is expected to report EPS of $1, up 56.25% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.14 billion, up 9.51% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.80 per share and revenue of $12.25 billion. These totals would mark changes of +65.22% and +7.34%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for CSX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.12% higher. CSX is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, CSX currently has a Forward P/E ratio of 18.11. Its industry sports an average Forward P/E of 18.05, so we one might conclude that CSX is trading at a premium comparatively.
We can also see that CSX currently has a PEG ratio of 1.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CSX's industry had an average PEG ratio of 1.5 as of yesterday's close.
The Transportation - Rail industry is part of the Transportation sector. This group has a Zacks Industry Rank of 3, putting it in the top 1% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.