CSX (CSX) Reports Earnings Tomorrow: What To Expect

Freight rail services provider CSX (NASDAQ:CSX) will be reporting results this Wednesday after market hours. Here’s what to expect.

CSX missed analysts’ revenue expectations last quarter, reporting revenues of $3.51 billion, flat year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.

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

This quarter, the market is expecting CSX’s revenue to grow 2% year on year, a reversal from the 7% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CSX has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at CSX’s peers in the transportation and logistics segment, only FedEx has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 8.3%. The stock price was unchanged following the results.

There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 11.6% on average over the last month. CSX is up 12.4% during the same time and is heading into earnings with an average analyst price target of $42.10 (compared to the current share price of $43.76).

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