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Railroad Stocks Q4 Earnings Reports this Week: UNP, CSX, KSU
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The fourth-quarter earnings season is in its nascent stage with 29 S&P 500 participants having reported results so far according to our latest Earnings Preview report. The season has started on a strong note, courtesy of earnings beats from the big names in the banking space like JPMorgan Chase & Co. (JPM - Free Report) . This week will see 81 companies, including 34 S&P 500 participants, revealing their fourth-quarter numbers.
Of the S&P members, the railroad space will see heavyweights like Union Pacific Corporation (UNP - Free Report) , Kansas City Southern and CSX Corporation (CSX - Free Report) reporting their respective numbers this week. Stocks in the railroad space have been struggling for quite some time due to coal-related headwinds. However, the election of Donald Trump as the President in November is likely to usher in good news for the sector participants. This is because during his campaign Trump had issued statements in favor of reviving the beleaguered coal industry.
In his very words, “Coal will last for 1,000 years in this country.” Given that coal is a key revenue generating commodity for railroads, Trump’s pro-coal stance is certainly a positive for the companies in this space. Railroads have been gaining significantly since Trump’s victory on Nov 8. This can be seen from the fact that the Zacks categorized Transportation- Rail industry has gained 9.13% in the fourth quarter since Nov 8, comfortably outperforming the S&P 500 index, which gained around 4% in the Nov 8 - Dec 31 period.
However, his pro-coal views are far from materializing as Trump is yet to assume office.
Given this backdrop, the investors interested in the railroad space will keenly await reports of the above-mentioned key players in the coming days.
Union Pacific Corporation is slated to release its fourth-quarter 2016 results on Jan 19, before the market opens. According to our model, a company needs the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) – to increase its odds of an earnings surprise. However, the company’s 0.00% Earnings ESP (Most Accurate estimate is in line with the Zacks Consensus Estimate) complicates our surprise prediction in spite of its favorable Zacks Rank #3 (read more: Union Pacific Q4 Earnings: What Awaits the Stock?).
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Jacksonville, FL- based CSX Corporation is scheduled to report fourth-quarter results on Jan 17, after market closes. Currently, the company carries a Zacks Rank #2 and an Earnings ESP of +2.04%. This is because the Most Accurate estimate stands at 50 cents while the Zacks Consensus Estimate is pegged at 49 cents. Consequently, we expect the company to report better-than-expected earnings per share in the fourth quarter. Earlier, the company carried a Zacks Rank #3 and an earnings ESP of +6.25% (read more: CSX Corp May Beat on Q4 Earnings: Stock to Gain?).
Kansas City Southern is slated to release its fourth-quarter results on Jan 20, before the market opens. Our model does not show conclusively that it will outperform with respect to the bottom line in the fourth quarter. This is because the company carries a Zacks Rank #3 and an Earnings ESP of -0.85%. The Most Accurate estimate of $1.17 per share is a cent below the Zacks Consensus Estimate (read more: Kansas Southern Q4 Earnings: Stock to Disappoint?).
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>
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Railroad Stocks Q4 Earnings Reports this Week: UNP, CSX, KSU
The fourth-quarter earnings season is in its nascent stage with 29 S&P 500 participants having reported results so far according to our latest Earnings Preview report. The season has started on a strong note, courtesy of earnings beats from the big names in the banking space like JPMorgan Chase & Co. (JPM - Free Report) . This week will see 81 companies, including 34 S&P 500 participants, revealing their fourth-quarter numbers.
Of the S&P members, the railroad space will see heavyweights like Union Pacific Corporation (UNP - Free Report) , Kansas City Southern and CSX Corporation (CSX - Free Report) reporting their respective numbers this week. Stocks in the railroad space have been struggling for quite some time due to coal-related headwinds. However, the election of Donald Trump as the President in November is likely to usher in good news for the sector participants. This is because during his campaign Trump had issued statements in favor of reviving the beleaguered coal industry.
In his very words, “Coal will last for 1,000 years in this country.” Given that coal is a key revenue generating commodity for railroads, Trump’s pro-coal stance is certainly a positive for the companies in this space. Railroads have been gaining significantly since Trump’s victory on Nov 8. This can be seen from the fact that the Zacks categorized Transportation- Rail industry has gained 9.13% in the fourth quarter since Nov 8, comfortably outperforming the S&P 500 index, which gained around 4% in the Nov 8 - Dec 31 period.
However, his pro-coal views are far from materializing as Trump is yet to assume office.
Given this backdrop, the investors interested in the railroad space will keenly await reports of the above-mentioned key players in the coming days.
Union Pacific Corporation is slated to release its fourth-quarter 2016 results on Jan 19, before the market opens. According to our model, a company needs the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) – to increase its odds of an earnings surprise. However, the company’s 0.00% Earnings ESP (Most Accurate estimate is in line with the Zacks Consensus Estimate) complicates our surprise prediction in spite of its favorable Zacks Rank #3 (read more: Union Pacific Q4 Earnings: What Awaits the Stock?).
Union Pacific Corporation Price and EPS Surprise
Union Pacific Corporation Price and EPS Surprise | Union Pacific Corporation Quote
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Jacksonville, FL- based CSX Corporation is scheduled to report fourth-quarter results on Jan 17, after market closes. Currently, the company carries a Zacks Rank #2 and an Earnings ESP of +2.04%. This is because the Most Accurate estimate stands at 50 cents while the Zacks Consensus Estimate is pegged at 49 cents. Consequently, we expect the company to report better-than-expected earnings per share in the fourth quarter. Earlier, the company carried a Zacks Rank #3 and an earnings ESP of +6.25% (read more: CSX Corp May Beat on Q4 Earnings: Stock to Gain?).
CSX Corporation Price and EPS Surprise
CSX Corporation Price and EPS Surprise | CSX Corporation Quote
You can see the complete list of today’s Zacks #1 Rank stocks here.
Kansas City Southern is slated to release its fourth-quarter results on Jan 20, before the market opens. Our model does not show conclusively that it will outperform with respect to the bottom line in the fourth quarter. This is because the company carries a Zacks Rank #3 and an Earnings ESP of -0.85%. The Most Accurate estimate of $1.17 per share is a cent below the Zacks Consensus Estimate (read more: Kansas Southern Q4 Earnings: Stock to Disappoint?).
Kansas City Southern Price and EPS Surprise
Kansas City Southern Price and EPS Surprise | Kansas City Southern Quote
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>