Let's Do the Numbers:
Based on estimates, investors are readying for a positive EPS reading of 44 cents per share and revenues of $2.99 billion. We'll have to wait for Tuesday to see if CSX falls in line with analyst expectations and reports an estimated increase in both EPS and revenue from the year-ago quarter.Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | 35 cents | 37 cents | 35 cents | 32 cents |
EPS Actual | 35 cents | 38 cents | 36 cents | 36 cents |
Stock Performance:
As of July 13, 2011, CSX's current share price was $25.86. Shares are up 21.1% year to date. For a full 12 months, the return has risen by 37.2%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for CSX is a Moderate Buy. Over the past three months this rating's strength has declined slightly.Competitors:
Wondering how CSX compares to rivals in the same sector? Here are a few of the company's peers.- Canadian National Railway (USA CNI: Hold with a $0.85 recent quarter EPS
- Canadian Pacific Railway Limited (USA CP: Hold with a $0.19 recent quarter EPS
- Kansas City Southern KSU: Moderate Buy with a $0.58 recent quarter EPS
- Norfolk Southern NSC: Moderate Buy with a $0.9 recent quarter EPS
The transportation-rail company's industry has seen price/earnings growth of 1.1% during the current fiscal year.
Finally, a description of the main business areas of the company, in case you need a little refresher: CSX provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.
Take Action:
Now that you have reviewed all the numbers, be ready to move if the upcoming CSX earnings report has any surprises. Also, come back to Benzinga after the announcement for a full recap and a guide to your next steps.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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