The upcoming report from CSX (CSX) is expected to reveal quarterly earnings of $0.43 per share, indicating a decline of 4.4% compared to the year-ago period. Analysts forecast revenues of $3.58 billion, representing a decrease of 2.6% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 4.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior ...

CSX Corporation (CSX) is scheduled to report fourth-quarter 2024 results on Jan. 23, 2025, after market close.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.CSX has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters and missed once, the average beat being 0.6%.Let’s see how things have shaped up for CSX this earnings season.CSX’s Q4 ExpectationsThe Zacks Consensus Estimate for CSX’s fourth-quarter 2024 rev ...

Core Viewpoint - The Schall Law Firm is inviting shareholders of CSX Corporation who have experienced losses to participate in an inquiry regarding potential violations of securities laws [1] Group 1 - The inquiry is focused on whether CSX Corporation has engaged in any actions that may constitute securities law violations [1] - Shareholders are encouraged to join the inquiry to seek potential remedies for their losses [1] - The law firm is actively investigating the circumstances surrounding the alleged violations to determine the extent of the impact on shareholders [1]

JACKSONVILLE, Fla. , Jan. 10, 2025 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ:CSX) today announced that employees represented by The Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters (BMWED) have voted to ratify the five-year collective bargaining agreement. "The ratification by the BMWED marks an important advancement in our ongoing collaboration with union leadership," said Joe Hinrichs, President and CEO of CSX. "CSX remains dedicated to cultivating a work ...

JACKSONVILLE, Fla., Dec. 18, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) will release fourth quarter financial and operating results after the market close on Thursday, January 23, 2025. This will be followed by a conference call and live webcast hosted by the company’s management team at 4:30 p.m. Eastern Time. Those interested in participating via teleconference may dial 1-888-510-2008. Callers outside the U.S. may dial 1-646-960-0306. Participants should dial in 10 minutes prior to the call and use ...

Summary of CSX Corporation Conference Call Company Overview - **Company**: CSX Corporation (NASDAQ:CSX) - **Event**: UBS Global Industrials and Transportation Conference - **Date**: December 4, 2024 - **Participants**: Sean Pelkey (CFO), Tom Wadewitz (UBS) Key Industry Insights - **Railroad Industry**: CSX operates in the freight transportation sector, competing with other railroads and trucking companies [1][5] - **Market Trends**: There is a noted strength in certain markets, particularly in chemicals and petroleum, while coal and agricultural products have shown weakness [2][9][15] Core Points and Arguments - **Volume Growth**: CSX anticipates volume growth not seen in a sustained manner for a long time, driven by industrial development and customer partnerships [4][5][30] - **Impact of Hurricanes**: The company faced significant disruptions due to Hurricanes Helene and Milton, resulting in an estimated $50 million impact on revenue for the quarter [6][7][8] - **Current Volume Trends**: Despite challenges, CSX reported a 2% increase in volume over the last few weeks, with intermodal showing strength [9][10][24] - **Chemicals and Aggregates**: The chemicals sector has been strong, with expectations for continued growth into 2025, while aggregates have also shown recovery post-hurricane [25][26] - **Coal Market Challenges**: Coal has been a drag on performance due to production issues and plant closures, with expectations for continued headwinds [9][15][86] Financial Guidance and Projections - **2025 Guidance**: CSX expects headwinds in 2025 due to network disruptions and external market factors, including coal pricing and fuel costs [81][84][86] - **Long-term Outlook**: The company maintains a three-year guidance of high single-digit to low double-digit earnings growth, with merchandise growth expected to outpace industrial production [75][80] Operational Efficiency - **Network Resilience**: CSX has shown resilience in operations despite disruptions, maintaining customer service metrics in the 90% to 95% range [52][54] - **Headcount Management**: The company plans to keep headcount flat while managing growth through efficiency gains and improved training processes [60][62] Customer Sentiment and Market Conditions - **Positive Customer Sentiment**: There is optimism among customers regarding investment and growth, particularly following recent elections [42][43] - **Tariff Exposure**: CSX has limited exposure to potential tariffs on trade with Mexico and Canada, estimating it to be around 10% to 15% of overall revenue [47][48] Pricing Strategy - **Pricing Outlook**: CSX expects to price ahead of inflation in merchandise and intermodal segments, with ongoing contract renewals showing positive trends [98][99] - **Impact of Trucking Market**: The company anticipates a lag in pricing benefits from the trucking market, with potential positive impacts on volume and pricing as truck rates increase [100][102] Conclusion - **Overall Sentiment**: CSX remains optimistic about future growth driven by industrial development, customer partnerships, and operational efficiencies, despite facing short-term challenges from external factors and network disruptions [86][112]

JACKSONVILLE, Fla., Nov. 25, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) Executive Vice President and Chief Financial Officer, Sean Pelkey, will address the 2024 UBS Global Industrials and Transportation Conference in Palm Beach on Wednesday, December 4, at 8:00 a.m. Eastern Time. This address will be broadcast live via webcast at http://investors.csx.com. A replay will be available following the conclusion of this event. This announcement, as well as additional financial information, is available on t ...

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CSX Corporation (NASDAQ:CSX) Stephens 26th Annual Investment Conference Call November 19, 2024 10:00 AM ET Company Participants Kevin Boone - Chief Commercial Officer Conference Call Participants Daniel Imbro - Stephens Daniel Imbro My name is Daniel Imbro. I'm the Transport Analyst here at Stephens. Pleased this morning to be joined by CSX. From the company up here, we have Chief Commercial Officer, Kevin Boone. So, thanks for joining this morning. As a reminder, this will be a fireside chat format. So, I' ...

Core Viewpoint - CSX's third-quarter earnings report showed a mixed performance, with earnings per share missing estimates but revenues increasing year-over-year, driven by higher freight volumes and merchandise pricing gains [2][3]. Financial Performance - Earnings per share for Q3 2024 were 46 cents, falling short of the Zacks Consensus Estimate by two cents, but showing a year-over-year increase [2]. - Total revenues reached $3.62 billion, a 1% increase year-over-year, supported by merchandise pricing gains and growth in intermodal and merchandise volumes [3]. - Operating income rose 7% to $1.35 billion, while total expenses increased 2% to $2.3 billion, primarily due to a 21% rise in fuel costs [4]. Segmental Performance - Merchandise revenues improved 6% year-over-year to $2.23 billion, with merchandise volumes rising 3% [5]. - Intermodal revenues decreased 2% year-over-year to $509 million, despite a 3% increase in segmental volumes [5]. - Coal revenues fell 7% year-over-year to $553 million, with coal volumes decreasing by 2% [5]. - Trucking revenues totaled $214 million, down 2% year-over-year, while other revenues plunged 15% to $112 million [6]. Liquidity and Cash Flow - CSX ended Q3 2024 with cash and cash equivalents of $1.64 billion, up from $1.35 billion at the end of 2023, while long-term debt increased to $18.53 billion [7]. - The company generated $3.86 billion in cash from operating activities, with free cash flow at $2.22 billion before dividend payments [7]. Outlook - CSX anticipates capital expenditures of approximately $2.5 billion for the current year, excluding infrastructure rebuilds from recent hurricanes [8]. - Management expects modest volume growth in Q4 2024, but revenues are projected to decline by approximately $200 million due to lower fuel prices and softer coal markets [8]. - There has been a downward trend in estimates, with the consensus estimate shifting down by 10.61% [9]. Investment Scores - CSX has an average Growth Score of C, a Momentum Score of D, and a Value Score of D, placing it in the bottom 40% for the value investment strategy [10]. - The stock has an aggregate VGM Score of D, indicating a below-average return expectation in the coming months [11].