Kansas City Southern (KSU - Analyst Report) through its various subsidiaries and alliances, provides rail transportation services over a network of more than 25,000 route miles across the U.S., Canada and Mexico. The Kansas City, MO- based company’s coordinated rail network provides shippers with an effective alternative by giving direct access to Mexico, the south-east and south-west United States through less congested interchange hubs. Kansas City Southern continues to face the brunt of weak domestic coal shipments.
Currently, Kansas City Southern has a Zacks Rank # 3 (Hold), but that could change following Kansas City Southern earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Kansas City Southern’s earnings (on an adjusted basis) of $1.12 per share missed the Zacks Consensus Estimate of $1.20. Earnings decreased 7.0% on a year-over-year basis.
Revenue: Kansas City Southern reported revenues of $604.5 million which beat the Zacks Consensus Estimate of $601.4 million. Revenues decreased 4% on a year-over-year basis.
Key Stats to Note: Kansas City Southern reported operating ratio of 66.9% in the reported quarter as against 65.2% in the year-ago quarter. Energy revenues fell 15% mainly due to below par performances of Frac Sand and crude oil.
Check back later for our full write up on this Kansas City Southern earnings report later!
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