Core Viewpoint - CSX is anticipated to report a year-over-year decline in earnings due to lower revenues, with the upcoming earnings report expected to significantly influence its stock price [1][2]. Earnings Expectations - The consensus estimate for CSX's quarterly earnings is $0.43 per share, reflecting a year-over-year decrease of 6.5% [3]. - Revenues are projected to be $3.61 billion, which is a slight decline of 0.2% compared to the same quarter last year [3]. Estimate Revisions - Over the past 30 days, the consensus EPS estimate has been revised 0.11% higher, indicating a slight reassessment by analysts [4]. - The Most Accurate Estimate for CSX is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.31%, suggesting a bearish outlook from analysts [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with a strong predictive power for positive readings [9][10]. - CSX currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [12]. Historical Performance - In the last reported quarter, CSX was expected to post earnings of $0.42 per share but exceeded expectations with actual earnings of $0.44, resulting in a surprise of +4.76% [13]. - Over the last four quarters, CSX has only beaten consensus EPS estimates once [14]. Conclusion - CSX does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [17].
Earnings Preview: CSX (CSX) Q3 Earnings Expected to Decline