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Transportation Stock Pops After Q2 Results
Schaeffers Investment Research· 2024-08-06 14:53
CSX Corp (NASDAQ:CSX) stock is up 4% at $34.31 at last glance, after the company's second-quarter results. The transportation name announced earnings of 49 cents per share, beating analyst estimates of 48 cents, while revenue of $3.70 billion came in line with estimates. The Royal Bank of Canada reaffirmed its "sector perform" rating after the event. CSX has traded choppily since mid-June, with a firm floor at the $32 level that caught multiple pullbacks. Today's bounce could've already been in the cards, p ...
CSX's Earnings and Revenues Surpass Estimates in Q2
ZACKS· 2024-08-06 13:21
CSX Corporation's (CSX) second-quarter 2024 earnings per share of 49 cents beat the Zacks Consensus Estimate by a penny. However, the bottom line remained flat on a year-over-year basis.Total revenues of $3.7 billion marginally topped the Zacks Consensus Estimate. The top line was flat year over year. The positive effects of merchandise pricing gains and growth in intermodal and merchandise volumes were offset by declines in export coal prices, other revenues and fuel surcharge.The second-quarter operating ...
Railroad Riches: Why CSX Remains A Top-Tier Dividend Growth Stock
Seeking Alpha· 2024-08-06 12:45
traveler1116 Introduction It's time to talk about what has become one of my favorite dividend (growth) stocks recently. A company that has returned more than 290% over the past ten years, beating the tech-heavy S&P 500 (SP500) by a substantial margin despite cyclical headwinds since 2022 and a steep sell-off in 2015 due to similar macroeconomic headwinds. Data by YCharts As the chart above gives away, that company is the CSX Corporation (NASDAQ:CSX), the second-largest Class I railroad in the United Sta ...
CSX(CSX) - 2024 Q2 - Quarterly Report
2024-08-05 20:03
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (☒) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR (☐) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 1-8022 CSX CORPORATION (Exact name of registrant as specified in its charter) (Former name, former a ...
CSX(CSX) - 2024 Q2 - Quarterly Results
2024-08-05 20:01
Exhibit 99.2 (SSX 7021 .7021 QUARTERLY FINANCIAL REPORT Second Quarter 2024 CSX Corp. Announces Second Quarter 2024 Results JACKSONVILLE, Fla. – August 5, 2024 – CSX Corp. (NASDAQ: CSX) today announced second quarter 2024 operating income of $1.45 billion compared to $1.47 billion in the prior year period. Net earnings were $963 million, or $0.49 per diluted share, compared to $984 million, or $0.49 per diluted share, in the same period last year. Total volume of 1.58 million units for the quarter was 2% hi ...
What To Expect From CSX's Q2?
Forbes· 2024-08-02 13:45
Governor Larry Hogan arrives by CSX train at Seagirt Marine Terminal. He took a railroad tour of the ... [+] Howard Street tunnel along with CSX executives and gave a press conference at the Port about the need for tunnel remodeling so that double-decker containers can be transported through it. (Barbara Haddock Taylor/The Baltimore Sun/Tribune News Service via Getty Images)TNSCSX Stock (NYSE: CSX) will report its Q2 2024 results on Monday, August 5. We expect the company’s revenues to come in at $3.7 billi ...
What Analyst Projections for Key Metrics Reveal About CSX (CSX) Q2 Earnings
ZACKS· 2024-07-31 14:20
Analysts on Wall Street project that CSX (CSX) will announce quarterly earnings of $0.48 per share in its forthcoming report, representing a decline of 2% year over year. Revenues are projected to reach $3.7 billion, indicating no change compared to the same quarter last year.Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ...
What's in the Cards for CSX Stock This Earnings Season?
ZACKS· 2024-07-31 13:05
CSX (CSX) is scheduled to report its second-quarter 2024 results on Aug 5 after market close.CSX has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the preceding four quarters and meeting twice, the average beat being 1.12%.The Zacks Consensus Estimate for CSX’s soon-to-be-reported quarter’s earnings has remained flat in the past 60 days at 48 cents per share. Meanwhile,the Zacks Consensus Estimate for revenues is pegged at $3.7 billion, which indicates a ma ...
CSX Releases 2023 Environmental, Social and Governance Report
Newsfilter· 2024-07-30 20:30
JACKSONVILLE, Fla., July 30, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) today announced the release of its 2023 Environmental, Social and Governance (ESG) report, highlighting the company's advancements in addressing key ESG issues through alternative fuel projects, investments in safety innovations, and enhancements to the employee work environment. "2023 was a year of tremendous progress for the ONE CSX team across all ESG priorities," said CSX President and Chief Executive Officer Joe Hinrichs. "By ...
CSX Releases 2023 Environmental, Social and Governance Report
GlobeNewswire News Room· 2024-07-30 20:30
JACKSONVILLE, Fla., July 30, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced the release of its 2023 Environmental, Social and Governance (ESG) report, highlighting the company’s advancements in addressing key ESG issues through alternative fuel projects, investments in safety innovations, and enhancements to the employee work environment. “2023 was a year of tremendous progress for the ONE CSX team across all ESG priorities,” said CSX President and Chief Executive Officer Joe Hinrichs. “By ...