Earnings Preview: CSX (CSX) Q2 Earnings Expected to Decline

Company Overview - CSX is expected to report a year-over-year decline in earnings, with a projected EPS of $0.42, reflecting a decrease of 14.3% compared to the previous year [3] - Revenues for the quarter are anticipated to be $3.59 billion, down 3.1% from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for release on July 23, and the actual results will significantly influence the stock price [2] - A positive surprise in earnings could lead to a stock price increase, while a miss could result in a decline [2] Estimate Revisions - The consensus EPS estimate has been revised down by 1.45% over the last 30 days, indicating a bearish sentiment among analysts [4] - CSX currently has an Earnings ESP of -0.21%, suggesting that the Most Accurate Estimate is lower than the Zacks Consensus Estimate [12] Historical Performance - In the last reported quarter, CSX was expected to post earnings of $0.37 per share but only achieved $0.34, resulting in a surprise of -8.11% [13] - Over the past four quarters, CSX has only beaten consensus EPS estimates once [14] Industry Context - In the Zacks Transportation - Rail industry, Canadian National (CNI) is expected to report earnings of $1.37 per share, reflecting a year-over-year increase of 1.5% [18] - CNI's revenue is projected to be $3.15 billion, down 0.5% from the previous year [18]