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On Wednesday, October, 12th, CSX Corporation (CSX - Free Report) will release its third quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of C.

Dave will investigate CSX past earnings, look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on CSX ahead of earnings.

CSX Corporation in Focus

CSX Corporation (CSX - Free Report) unique combination of rail, container-shipping, intermodal and logistics services provides global reach that's second to none. The company's goal, advanced at each of its business units, is to provide efficient, competitive transportation and related services for customers.

CSX is expected to report earnings at $0.45 per share according to the Zacks Consensus Estimate. Last quarter they reported an earnings beat at $0.47 per share beating the Zack’s Consensus Estimate by three cents, and they have an average surprise of 3.79% over the last four quarters.

CSX CORP Price, Consensus and EPS Surprise

CSX CORP Price, Consensus and EPS Surprise | CSX CORP Quote

CSX is trading around $31.11 a share, and they are just off their 52-week high of $31.16 per share.

The Zacks Industry Rank classifies CSX in the transportation - railroad industry, and their industry is in the top 21%. As of now the railroad industry is on stable ground due to the need for transportation of goods. That said, CSX is in a competitive sector with other major railroad companies including Union Pacific (UNP - Free Report) , Norfolk Southern (NSC - Free Report) , and Canadian Pacific Railway (CP - Free Report) .

Bottom Line

How should investors play CSX ahead of their earnings report? For insights on the best options trades, make sure to watch Dave Bartosiak at 1:00pm on Monday to see if he’ll be bullish, or bearish. If you are interested in Dave’s exclusive live streams and service, then sign up for Zacks Live Trader.