CSX Analysts Slash Their Forecasts After Q4 Results

Core Insights - CSX Corp. reported mixed financial results for the fourth quarter, with earnings of 42 cents per share meeting analyst expectations, but revenue of $3.54 billion falling short of the $3.57 billion consensus and down from $3.68 billion in the same quarter last year [1][2]. Financial Performance - Quarterly earnings per share were 42 cents, aligning with analyst consensus [1]. - Quarterly revenue was $3.54 billion, missing the analyst consensus estimate of $3.57 billion and representing a decrease from $3.68 billion in the previous year's fourth quarter [1]. Management Commentary - CEO Joe Hinrichs expressed pride in the team's response to challenges in 2024, including impacts from major hurricanes and the Key Bridge outage, while emphasizing a focus on customer satisfaction [2]. Stock Performance - Following the earnings announcement, CSX shares increased by 1.3%, closing at $33.67 [2]. Analyst Ratings and Price Targets - Baird analyst Benjamin Hartford maintained an Outperform rating on CSX but lowered the price target from $39 to $38 [4]. - Citigroup analyst Ariel Rosa maintained a Buy rating on CSX and reduced the price target from $40 to $39 [4].