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 Q3 2024 results on Wednesday, Oct 16. We expect the company’s revenues to come in at $3.7 bill ...

Earnings season is upon us and right after the largest banks, we get ready to look through the 10-Qs of North America's economic backbone, represented by its Class 1 railroads. We will open up withI focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer driver of gain ...

Core Insights - Analysts forecast CSX will report quarterly earnings of $0.48 per share, reflecting a year-over-year increase of 14.3% and revenues of $3.7 billion, up 3.5% from the previous year [1] - There has been a downward revision of 0.7% in the consensus EPS estimate over the last 30 days, indicating a reconsideration of initial forecasts by analysts [1] Revenue Estimates - Estimated 'Revenue- Coal' is projected at $564.89 million, showing a decline of 4.9% year-over-year [2] - 'Revenue- Intermodal' is expected to be $531.24 million, indicating an increase of 2.8% from the prior-year quarter [2] - 'Revenue- Total Merchandise- Fertilizers' is forecasted at $130.65 million, reflecting a growth of 5.4% year-over-year [2] - 'Revenue- Total Merchandise- Chemicals' is anticipated to reach $702.44 million, with an increase of 8.7% compared to the previous year [3] Operating Metrics - The 'Operating Ratio' is expected to be 61.7%, down from 63.8% in the same quarter last year [3] - 'Revenue per unit - Intermodal' is projected at $719.66, slightly lower than the $730 reported in the same quarter last year [3] Volume Estimates - 'Volume - Rail - Automotive' is expected to be 101.14 thousand, consistent with the year-ago figure of 101 thousand [3] - 'Volume - Rail - Merchandise - Minerals' is projected at 94.57 thousand, compared to 95 thousand in the same quarter last year [3] - 'Volume - Rail - Coal' is estimated to reach 189.60 thousand, down from 193 thousand year-over-year [4] - 'Volume - Rail - Merchandise - Fertilizers' is expected at 48.79 thousand, up from 47 thousand in the previous year [4] - 'Volume - Rail - Merchandise - Metals and Equipment' is forecasted at 67.09 thousand, down from 70 thousand year-over-year [4] - 'Volume - Rail - Merchandise - Agricultural and Food Products' is projected at 115.56 thousand, compared to 108 thousand in the same quarter last year [4] Stock Performance - CSX shares have increased by 3.2% over the past month, while the Zacks S&P 500 composite has risen by 5.4% [5] - CSX holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [5]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for CSX, with a focus on how actual results compare to estimates, which could significantly impact stock price [1] Earnings Expectations - CSX is expected to report quarterly earnings of $0.48 per share, reflecting a year-over-year increase of +14.3% [2] - Revenue projections stand at $3.71 billion, indicating a rise of 3.9% from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised down by 0.66% over the last 30 days, indicating a bearish sentiment among analysts regarding CSX's earnings prospects [3] - The Most Accurate Estimate for CSX is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.59% [6][7] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [5] - CSX currently holds a Zacks Rank of 3, making it challenging to predict a beat on the consensus EPS estimate [7] Historical Performance - In the last reported quarter, CSX exceeded the expected earnings of $0.48 per share by delivering $0.49, resulting in a surprise of +2.08% [8] - Over the past four quarters, CSX has beaten consensus EPS estimates three times [8] Conclusion - While CSX does not appear to be a compelling candidate for an earnings beat, investors should consider other factors before making investment decisions [9]

JACKSONVILLE, Fla., Oct. 07, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) announced today that it will webcast its Investor Day presentations to the financial community on Thursday, November 7, 2024. CSX’s leadership team will outline the ways that the company is leveraging ONE CSX to execute their proven model, building powerful momentum to deliver profitable growth. The webcast will begin at 8 a.m. ET and concludes at approximately 11:30 a.m. ET. To register for the event click here. Additional inform ...

JACKSONVILLE, Fla., Sept. 27, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced it will contribute $100,000 to support the American Red Cross in its ongoing relief and recovery efforts underway in communities impacted by Hurricane Helene. “The devastation caused by Hurricane Helene has deeply impacted the communities where our employees, families, neighbors, and customers live and work,” said Joe Hinrichs, president and chief executive officer. “Our contribution to the American Red Cross is a ...

JACKSONVILLE, Fla., Sept. 24, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) will release third quarter financial and operating results after the market close on Wednesday, October 16, 2024. This will be followed by a conference call and live webcast hosted by the company’s management team at 4:30 p.m. Eastern Time. Those interested in participating via teleconference may dial 1-888-510-2008. Callers outside the U.S. may dial 1-646-960-0306. Participants should dial in 10 minutes prior to the call and use ...

Core Points - CSX Corp. is partnering with Operation Lifesaver, Inc. to promote rail safety awareness during See Tracks? Think Train!® Week [1][2] - The company emphasizes its commitment to safety, aiming for zero accidents and highlighting the importance of public education on rail safety [1][2] - Federal statistics indicate that a person or vehicle is hit by a train every three hours in the U.S., with over 2,100 incidents reported in 2023 [1] Company Overview - CSX, headquartered in Jacksonville, Florida, is a leading transportation company providing rail, intermodal, and rail-to-truck transload services across various markets [3] - The company has been integral to the economic expansion and industrial development of the U.S. for nearly 200 years, connecting major metropolitan areas and rural communities [3] - CSX's network serves nearly two-thirds of the U.S. population and links over 240 short-line railroads and more than 70 ports [3]

Core Viewpoint - CSX is facing financial challenges due to rising operating expenses, despite commendable efforts in safety and shareholder rewards [1][4]. Group 1: Safety and Operational Initiatives - CSX has launched a three-year initiative aimed at enhancing safety, focusing on cultural transformation and proactive risk management [2]. - The initiative builds on the ONE CSX program, emphasizing inclusivity and respect within the organization [2]. Group 2: Shareholder Returns - In Q2 2024, CSX repurchased shares worth $16 million and announced a 9.1% increase in its quarterly dividend to 12 cents per share [3]. - The company has consistently returned significant capital to shareholders, totaling over $3.7 billion in 2021, $5.58 billion in 2022, and $4.36 billion in 2023 [3]. Group 3: Financial Performance and Challenges - CSX's top line experienced a significant decline in Q2 2024, with overall volume down 3% year over year, impacting domestic shipments [4]. - The bottom line decreased by 9% year over year due to unfavorable pricing and a mix of utility costs, compounded by a 2% rise in total labor expenses compared to Q2 2023 [4]. - Year-to-date, CSX shares have declined by 3.5%, while the industry average fall is 1.5% [4].

Core Viewpoint - The analysis suggests that CSX stock is a better investment choice compared to Norfolk Southern due to its superior valuation, revenue growth, profitability, and financial position [1]. Group 1: Stock Performance - Norfolk Southern stock has gained 15% from $220 in early January 2021 to around $250, while CSX stock has increased by 10% from $30 to $33 during the same period [2]. - Norfolk Southern's returns were 27% in 2021, -16% in 2022, and -2% in 2023, while CSX's returns were 26%, -17%, and 13%, respectively [2]. Group 2: Revenue Growth - CSX's revenue grew at an average annual rate of 11.9%, from $10.6 billion in 2020 to $14.7 billion in 2023, while Norfolk Southern's revenue increased at 7.9%, from $9.8 billion to $12.2 billion [4]. - Norfolk Southern's total volume of carloads and intermodal units rose only 0.9% from 2020 to 2023, but its average revenue per carload increased by 23% [4]. Group 3: Profitability - Norfolk Southern's operating margin declined from 37.4% in 2020 to 35.2% in 2023, while CSX's margin decreased from 41.3% to 37.9% during the same period [7]. - CSX's operating margin for the last twelve months is 37.1%, compared to 34.4% for Norfolk Southern [7]. Group 4: Financial Risk - CSX has a debt-to-equity ratio of 29%, slightly lower than Norfolk Southern's 30% [8]. - CSX's cash as a percentage of assets is 3%, compared to 1% for Norfolk Southern, indicating a better cash position [8]. Group 5: Valuation and Future Prospects - CSX is trading at 17x its expected earnings of $1.94 per share in 2024, while Norfolk Southern is at 21x its expected earnings of $11.76 [9]. - CSX's valuation multiple is expected to trend higher due to its superior revenue growth prospects [9].