We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
CSX (CSX) Stock Moves -1.44%: What You Should Know
Read MoreHide Full Article
CSX (CSX - Free Report) closed at $69.64 in the latest trading session, marking a -1.44% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.97%. At the same time, the Dow lost 2.32%, and the tech-heavy Nasdaq lost 2.78%.
Prior to today's trading, shares of the freight railroad had gained 2.75% over the past month. This has outpaced the Transportation sector's loss of 4.22% and the S&P 500's loss of 3.33% in that time.
Investors will be hoping for strength from CSX as it approaches its next earnings release, which is expected to be January 15, 2019. In that report, analysts expect CSX to post earnings of $1 per share. This would mark year-over-year growth of 56.25%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.14 billion, up 9.51% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.80 per share and revenue of $12.25 billion. These totals would mark changes of +65.22% and +7.34%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for CSX. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.37% higher. CSX currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that CSX has a Forward P/E ratio of 18.6 right now. This valuation marks a premium compared to its industry's average Forward P/E of 18.52.
We can also see that CSX currently has a PEG ratio of 1.39. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Rail was holding an average PEG ratio of 1.54 at yesterday's closing price.
The Transportation - Rail industry is part of the Transportation sector. This group has a Zacks Industry Rank of 19, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CSX (CSX) Stock Moves -1.44%: What You Should Know
CSX (CSX - Free Report) closed at $69.64 in the latest trading session, marking a -1.44% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.97%. At the same time, the Dow lost 2.32%, and the tech-heavy Nasdaq lost 2.78%.
Prior to today's trading, shares of the freight railroad had gained 2.75% over the past month. This has outpaced the Transportation sector's loss of 4.22% and the S&P 500's loss of 3.33% in that time.
Investors will be hoping for strength from CSX as it approaches its next earnings release, which is expected to be January 15, 2019. In that report, analysts expect CSX to post earnings of $1 per share. This would mark year-over-year growth of 56.25%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.14 billion, up 9.51% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.80 per share and revenue of $12.25 billion. These totals would mark changes of +65.22% and +7.34%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for CSX. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.37% higher. CSX currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that CSX has a Forward P/E ratio of 18.6 right now. This valuation marks a premium compared to its industry's average Forward P/E of 18.52.
We can also see that CSX currently has a PEG ratio of 1.39. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Rail was holding an average PEG ratio of 1.54 at yesterday's closing price.
The Transportation - Rail industry is part of the Transportation sector. This group has a Zacks Industry Rank of 19, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.