CSX (CSX - Free Report) reported $3.68 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.7%. EPS of $0.46 for the same period compares to $0.48 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.65 billion, representing a surprise of +0.94%. The company delivered an EPS surprise of +2.22%, with the consensus EPS estimate being $0.45.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CSX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Ratio: 36.8% versus 63.4% estimated by five analysts on average.
- Revenue per unit - Intermodal: $722 versus the four-analyst average estimate of $746.61.
- Volume - Rail - Merchandise - Chemicals: 167 thousand compared to the 163.49 thousand average estimate based on four analysts.
- Volume - Rail - Merchandise - Agricultural and Food Products: 114 thousand versus 118.92 thousand estimated by four analysts on average.
- Revenue- Intermodal: $506 million versus $517.35 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.4% change.
- Revenue- Coal: $632 million compared to the $590.23 million average estimate based on five analysts. The reported number represents a change of -0.2% year over year.
- Revenue- Total Merchandise- Chemicals: $693 million versus $654.36 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.6% change.
- Revenue- Total Merchandise- Agricultural and Food Products: $407 million compared to the $431.77 million average estimate based on four analysts. The reported number represents a change of -6.9% year over year.
- Revenue- Total Merchandise- Automotive: $293 million versus the four-analyst average estimate of $300.81 million. The reported number represents a year-over-year change of +6.9%.
- Revenue- Total Merchandise- Metals and Equipment: $220 million compared to the $227.67 million average estimate based on four analysts. The reported number represents a change of -8% year over year.
- Revenue- Total Merchandise- Minerals: $174 million versus $174.25 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change.
- Revenue- Total Merchandise- Fertilizers: $136 million versus $133.04 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.
View all Key Company Metrics for CSX here>>>Shares of CSX have returned -5.8% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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CSX (CSX - Free Report) reported $3.68 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.7%. EPS of $0.46 for the same period compares to $0.48 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.65 billion, representing a surprise of +0.94%. The company delivered an EPS surprise of +2.22%, with the consensus EPS estimate being $0.45.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CSX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Ratio: 36.8% versus 63.4% estimated by five analysts on average.
- Revenue per unit - Intermodal: $722 versus the four-analyst average estimate of $746.61.
- Volume - Rail - Merchandise - Chemicals: 167 thousand compared to the 163.49 thousand average estimate based on four analysts.
- Volume - Rail - Merchandise - Agricultural and Food Products: 114 thousand versus 118.92 thousand estimated by four analysts on average.
- Revenue- Intermodal: $506 million versus $517.35 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.4% change.
- Revenue- Coal: $632 million compared to the $590.23 million average estimate based on five analysts. The reported number represents a change of -0.2% year over year.
- Revenue- Total Merchandise- Chemicals: $693 million versus $654.36 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.6% change.
- Revenue- Total Merchandise- Agricultural and Food Products: $407 million compared to the $431.77 million average estimate based on four analysts. The reported number represents a change of -6.9% year over year.
- Revenue- Total Merchandise- Automotive: $293 million versus the four-analyst average estimate of $300.81 million. The reported number represents a year-over-year change of +6.9%.
- Revenue- Total Merchandise- Metals and Equipment: $220 million compared to the $227.67 million average estimate based on four analysts. The reported number represents a change of -8% year over year.
- Revenue- Total Merchandise- Minerals: $174 million versus $174.25 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change.
- Revenue- Total Merchandise- Fertilizers: $136 million versus $133.04 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.
View all Key Company Metrics for CSX here>>>Shares of CSX have returned -5.8% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Free Report – The Bitcoin Profit Phenomenon
Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
Download Now – Today It’s FREE >>
Get the latest research report on CSX - FREE