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Kansas City Southern (KSU) Beats on Q4 Earnings

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Kansas City Southern (KSU - Free Report) reported fourth-quarter 2017 earnings per share (on an adjusted basis) of $1.38, beating the Zacks Consensus Estimate of $1.36. Earnings increased 23% on a year-over-year basis.

How Was the Estimate Revision Trend?

Investors should note that the earnings estimate revisions for Kansas City Southern depicted a decent picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being revised 0.7% upward over the last 30 days

Nonetheless, Kansas City Southern a modest earnings surprise history. Even before posting the earnings beat in the fourth-quarter, the company delivered positive surprises in two of the past four quarters. The average earnings beat was 0.9%.

 

Revenues Improve Y/Y

Kansas City Southern recorded revenues of $660.4 million, which marginally fell short of the Zacks Consensus Estimate of $660.6 million. However, it compared favorably with the year-ago number of $598.5 million.

Key Q4 Statistics: Kansas City Southern reported operating ratio of 64% in the reported quarter, compared with 64.8% a year-ago. Operating income improved 13% to $238 million. Overall, carload volumes improved 5% in the quarter.

Zacks Rank: Currently, Kansas City Southern carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on this Kansas City Southern earnings report later!

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