ORLANDO, FLORIDA, UNITED STATES - 2022/09/14: A CSX locomotive is seen in Orlando. A pay dispute ... [+] between rail workers and unions threatens a nationwide freight rail strike as early as September 16, 2022. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesCSX (NYSE: CSX) reported its Q4 results last week, with revenues and earnings slightly above the street estimates. However, we believe that CSX CSX stock is appropriately priced, as discussed bel ...

coldsnowstorm/E+ via Getty Images Summary This post is to provide an update on my thoughts on CSX Corps (NASDAQ:CSX) business and stock. I recommend a buy rating for CSX, as I like the business's strong moat and resilience. While volume appeared to remain weak in January, suggesting that 4Q23 weakness has followed through to 2024, I believe January weakness was due to the weather, and we should see sequential improvements through the year. Margins should also continue to improve from here as CSX sees pr ...

CSX Corporation’s (CSX) fourth-quarter 2023 earnings per share (EPS) of 45 cents beat the Zacks Consensus Estimate of 44 cents. However, the bottom line declined 8.2% year over year.Total revenues of $3,680 million surpassed the Zacks Consensus Estimate of $3,637.8 million. The top line decreased 1.3% year over year due to lower intermodal storage revenues, reduced fuel surcharge, the effect of lower global benchmark coal prices and a decline in trucking revenues. These factors offset the effects of higher ...

CSX Corporation (NASDAQ:CSX) Q4 2023 Earnings Conference Call January 24, 2024 4:30 PM ET Company Participants Matt Korn - Head, IR Joe Hinrichs - President and CEO Mike Cory - COO Kevin Boone - Chief Commercial Officer Sean Pelkey - CFO Conference Call Participants John Chappell - Evercore ISI Bascome Majors - Susquehanna Brian Ossenbeck - JPMorgan Justin Long - Stephens Inc. Scott Group - Wolfe Research Tom Wadewitz - UBS Brandon Oglenski - Barclays Ken Hoexter - Bank of America Merrill Lynch Chri ...

For the quarter ended December 2023, CSX (CSX) reported revenue of $3.68 billion, down 1.3% over the same period last year. EPS came in at $0.45, compared to $0.49 in the year-ago quarter.The reported revenue represents a surprise of +1.16% over the Zacks Consensus Estimate of $3.64 billion. With the consensus EPS estimate being $0.44, the EPS surprise was +2.27%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

CSX (CSX) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.27%. A quarter ago, it was expected that this freight railroad would post earnings of $0.42 per share when it actually produced earnings of $0.42, delivering no surprise.Over the last four quarters, the company has surpassed ...

2023 FOURTH QUARTER CONFERENCE CALL ...

JACKSONVILLE, Fla., Jan. 22, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) was named the recipient of the inaugural W.F. Thompson Award for Class I Operating Performance for 2023, highlighting CSX's success in driving its growth strategy by leveraging strong operational execution. The award, presented by the analyst firm, Loop Capital, is designed to recognize the Class I railroad with the best operational performance in a calendar year. "By any measure, CSX had a strong year in 2023," said Rick Paterson, manag ...

Wall Street analysts expect CSX (CSX) to post quarterly earnings of $0.44 per share in its upcoming report, which indicates a year-over-year decline of 10.2%. Revenues are expected to be $3.64 billion, down 2.5% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 1.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earn ...

JACKSONVILLE, Fla., Jan. 18, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) continues to lead the rail industry as the "top performer" in intermodal service, according to a recent survey by the Journal of Commerce (JOC). The survey, conducted between Sept. 1 and Oct. 31, involved shippers and intermodal marketing companies (IMCs). Among the four U.S. Class I railroads, CSX was voted the top performer by 38.8% of respondents, outpacing its closest competitor by more than 14 percentage points. This honor marks the ...