CSX (CSX) To Report Earnings Tomorrow: Here Is What To Expect

Freight rail services provider CSX (NASDAQ:CSX) will be reporting earnings tomorrow after market close. Here’s what to look for.

CSX met analysts’ revenue expectations last quarter, reporting revenues of $3.70 billion, flat year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ operating margin estimates.

Is CSX a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting CSX’s revenue to grow 3% year on year to $3.68 billion, a reversal from the 8.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.48 per share.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 11 downward revisions over the last 30 days (we track 17 analysts). CSX has missed Wall Street’s revenue estimates twice over the last two years.

Looking at CSX’s peers in the transportation and logistics segment, only FedEx has reported results so far. It missed analysts’ revenue estimates by 1.5% and delivered flat year-on-year revenue. The stock was down 15.3% on the results.

Read our full analysis of FedEx’s earnings results here.

There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 5.3% on average over the last month. CSX is up 4.4% during the same time and is heading into earnings with an average analyst price target of $38.98 (compared to the current share price of $35.30).

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