Freight rail services provider CSX (NASDAQ:CSX) will be announcing earnings results this Wednesday afternoon. Here’s what investors should know.
CSX beat analysts’ revenue expectations last quarter, reporting revenues of $3.94 billion, up 10.1% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS 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 10% year on year, improving from its flat revenue 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 will stay the course heading into earnings. CSX has missed Wall Street’s revenue estimates multiple times over the last two years.
With CSX being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for transportation and logistics stocks. However, the segment has faced declining investor sentiment as CSX’s peer group is down 5.9% on average over the last month. CSX is up 4.1% during the same time .
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