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) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
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.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CSX (CSX) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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.