We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CSX (CSX) Stock Moves -0.73%: What You Should Know
Read MoreHide Full Article
CSX (CSX - Free Report) closed the most recent trading day at $72.08, moving -0.73% from the previous trading session. This change was narrower than the S&P 500's 1.66% loss on the day. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 3.03%.
Heading into today, shares of the freight railroad had gained 5.77% over the past month, outpacing the Transportation sector's loss of 1.22% and the S&P 500's loss of 2.43% in that time.
Investors will be hoping for strength from CSX as it approaches its next earnings release, which is expected to be January 15, 2019. In that report, analysts expect CSX to post earnings of $1 per share. This would mark year-over-year growth of 56.25%. Our most recent consensus estimate is calling for quarterly revenue of $3.14 billion, up 9.51% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.81 per share and revenue of $12.25 billion, which would represent changes of +65.65% and +7.34%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for CSX. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.45% higher within the past month. CSX is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, CSX is holding a Forward P/E ratio of 19.03. Its industry sports an average Forward P/E of 18.82, 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 1.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CSX's industry had an average PEG ratio of 1.55 as of yesterday's close.
The Transportation - Rail industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CSX in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CSX (CSX) Stock Moves -0.73%: What You Should Know
CSX (CSX - Free Report) closed the most recent trading day at $72.08, moving -0.73% from the previous trading session. This change was narrower than the S&P 500's 1.66% loss on the day. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 3.03%.
Heading into today, shares of the freight railroad had gained 5.77% over the past month, outpacing the Transportation sector's loss of 1.22% and the S&P 500's loss of 2.43% in that time.
Investors will be hoping for strength from CSX as it approaches its next earnings release, which is expected to be January 15, 2019. In that report, analysts expect CSX to post earnings of $1 per share. This would mark year-over-year growth of 56.25%. Our most recent consensus estimate is calling for quarterly revenue of $3.14 billion, up 9.51% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.81 per share and revenue of $12.25 billion, which would represent changes of +65.65% and +7.34%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for CSX. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.45% higher within the past month. CSX is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, CSX is holding a Forward P/E ratio of 19.03. Its industry sports an average Forward P/E of 18.82, 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 1.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CSX's industry had an average PEG ratio of 1.55 as of yesterday's close.
The Transportation - Rail industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CSX in the coming trading sessions, be sure to utilize Zacks.com.