We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Ahead of CSX (CSX) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that CSX (CSX - Free Report) will report quarterly earnings of $0.50 per share in its upcoming release, pointing to a year-over-year increase of 13.6%. It is anticipated that revenues will amount to $3.82 billion, exhibiting an increase of 6.9% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific CSX metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Revenue- Coal' will reach $516.78 million. The estimate indicates a change of +8.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Intermodal' of $563.18 million. The estimate indicates a year-over-year change of +14.7%.
Analysts' assessment points toward 'Revenue- Merchandise- Agricultural and Food Products' reaching $440.41 million. The estimate points to a change of +5.4% from the year-ago quarter.
The consensus estimate for 'Revenue- Merchandise- Fertilizers' stands at $147.23 million. The estimate indicates a year-over-year change of +16.9%.
Analysts forecast 'Operating Margin' to reach 64.3%. Compared to the present estimate, the company reported 35.9% in the same quarter last year.
Based on the collective assessment of analysts, 'Volume - Merchandise - Minerals' should arrive at 100.46 thousand. The estimate is in contrast to the year-ago figure of 99.00 thousand.
Analysts expect 'Revenue per unit - Intermodal' to come in at $713.43 . The estimate is in contrast to the year-ago figure of $674.00 .
The consensus among analysts is that 'Volume - Merchandise - Automotive' will reach 100.43 thousand. Compared to the present estimate, the company reported 103.00 thousand in the same quarter last year.
According to the collective judgment of analysts, 'Volume - Coal' should come in at 190.43 thousand. The estimate compares to the year-ago value of 181.00 thousand.
Analysts predict that the 'Volume - Merchandise - Fertilizers' will reach 52.58 thousand. The estimate compares to the year-ago value of 47.00 thousand.
The combined assessment of analysts suggests that 'Revenue per unit - Coal' will likely reach $2715.36 . The estimate is in contrast to the year-ago figure of $2635.00 .
The average prediction of analysts places 'Volume - Intermodal' at 789.33 thousand. The estimate is in contrast to the year-ago figure of 729.00 thousand.
Shares of CSX have experienced a change of +11.2% in the past month compared to the +0.6% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), CSX is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Ahead of CSX (CSX) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts forecast that CSX (CSX - Free Report) will report quarterly earnings of $0.50 per share in its upcoming release, pointing to a year-over-year increase of 13.6%. It is anticipated that revenues will amount to $3.82 billion, exhibiting an increase of 6.9% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific CSX metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Revenue- Coal' will reach $516.78 million. The estimate indicates a change of +8.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Intermodal' of $563.18 million. The estimate indicates a year-over-year change of +14.7%.
Analysts' assessment points toward 'Revenue- Merchandise- Agricultural and Food Products' reaching $440.41 million. The estimate points to a change of +5.4% from the year-ago quarter.
The consensus estimate for 'Revenue- Merchandise- Fertilizers' stands at $147.23 million. The estimate indicates a year-over-year change of +16.9%.
Analysts forecast 'Operating Margin' to reach 64.3%. Compared to the present estimate, the company reported 35.9% in the same quarter last year.
Based on the collective assessment of analysts, 'Volume - Merchandise - Minerals' should arrive at 100.46 thousand. The estimate is in contrast to the year-ago figure of 99.00 thousand.
Analysts expect 'Revenue per unit - Intermodal' to come in at $713.43 . The estimate is in contrast to the year-ago figure of $674.00 .
The consensus among analysts is that 'Volume - Merchandise - Automotive' will reach 100.43 thousand. Compared to the present estimate, the company reported 103.00 thousand in the same quarter last year.
According to the collective judgment of analysts, 'Volume - Coal' should come in at 190.43 thousand. The estimate compares to the year-ago value of 181.00 thousand.
Analysts predict that the 'Volume - Merchandise - Fertilizers' will reach 52.58 thousand. The estimate compares to the year-ago value of 47.00 thousand.
The combined assessment of analysts suggests that 'Revenue per unit - Coal' will likely reach $2715.36 . The estimate is in contrast to the year-ago figure of $2635.00 .
The average prediction of analysts places 'Volume - Intermodal' at 789.33 thousand. The estimate is in contrast to the year-ago figure of 729.00 thousand.
View all Key Company Metrics for CSX here>>>Shares of CSX have experienced a change of +11.2% in the past month compared to the +0.6% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), CSX is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .