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CSX (CSX) Stock Moves -0.03%: What You Should Know
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CSX (CSX - Free Report) closed the most recent trading day at $32.68, moving -0.03% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.09%. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq gained 0.12%.
Coming into today, shares of the freight railroad had gained 14.58% in the past month. In that same time, the Transportation sector gained 10.41%, while the S&P 500 gained 5.55%.
CSX will be looking to display strength as it nears its next earnings release. In that report, analysts expect CSX to post earnings of $0.49 per share. This would mark year-over-year growth of 16.67%. Our most recent consensus estimate is calling for quarterly revenue of $3.8 billion, up 10.9% from the year-ago period.
CSX's full-year Zacks Consensus Estimates are calling for earnings of $1.91 per share and revenue of $14.92 billion. These results would represent year-over-year changes of +22.44% and +19.18%, respectively.
Investors should also note any recent changes to analyst estimates for CSX. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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. Within the past 30 days, our consensus EPS projection has moved 0.06% lower. CSX is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that CSX has a Forward P/E ratio of 17.13 right now. This represents a discount compared to its industry's average Forward P/E of 18.64.
It is also worth noting that CSX currently has a PEG ratio of 1.76. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Transportation - Rail stocks are, on average, holding a PEG ratio of 2.08 based on yesterday's closing prices.
The Transportation - Rail industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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CSX (CSX) Stock Moves -0.03%: What You Should Know
CSX (CSX - Free Report) closed the most recent trading day at $32.68, moving -0.03% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.09%. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq gained 0.12%.
Coming into today, shares of the freight railroad had gained 14.58% in the past month. In that same time, the Transportation sector gained 10.41%, while the S&P 500 gained 5.55%.
CSX will be looking to display strength as it nears its next earnings release. In that report, analysts expect CSX to post earnings of $0.49 per share. This would mark year-over-year growth of 16.67%. Our most recent consensus estimate is calling for quarterly revenue of $3.8 billion, up 10.9% from the year-ago period.
CSX's full-year Zacks Consensus Estimates are calling for earnings of $1.91 per share and revenue of $14.92 billion. These results would represent year-over-year changes of +22.44% and +19.18%, respectively.
Investors should also note any recent changes to analyst estimates for CSX. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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. Within the past 30 days, our consensus EPS projection has moved 0.06% lower. CSX is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that CSX has a Forward P/E ratio of 17.13 right now. This represents a discount compared to its industry's average Forward P/E of 18.64.
It is also worth noting that CSX currently has a PEG ratio of 1.76. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Transportation - Rail stocks are, on average, holding a PEG ratio of 2.08 based on yesterday's closing prices.
The Transportation - Rail industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.