CSX Corporation (NASDAQ:CSX) provider of rail-based transportation services, is reporting third quarter earnings results on Wednesday 21st October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.92 per share.
For the full year, analysts predict revenues of $ 10529.60 million, while looking forward to income of $ 3.52 per share.
Previous Quarter Performance
CSX Corporation posted income for the second quarter of $ 0.65 per share, from the revenue of $ 2,255.00 million. The quarterly earnings decreased 39.81 percent while revenues contracted 26.33 percent compared with the same quarter last year.
Wall street analysts are predicting, CSX to report 2Q20 income of $ 0.64 per share from revenue of $ 2297.18 million. The bottom line results beat street analysts by $ 0.01 or 1.56 percent, at the same time, top line results fell short of analysts by $ 42.18 million or 1.84 percent.
Stock Performance
Shares of CSX Corporation traded up $ 1.08 or 1.37 percent on Tuesday, reaching $ 80.13 with volume of 2.64 million shares. CSX Corporation has traded high as $ 81.22 and has cracked $ 79.16 on the downward trend
The closing price of $ 80.13, representing a 68.87 % increase from the 52 week low of $ 46.81 and a 2.89 % decrease over the 52 week high of $ 81.40.
The company has a market capital of $ 61.30 billion and is part of the Industrials sector and Railroads industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by Bernstein to Outperform from Market Perform rating.
- On 2nd October 2020, upgraded by Evercore ISI to Outperform from In-Line rating, with $ 90.00 target price.
- On 30th September 2020, maintained by Bank of America at Buy rating, with $ 89.00 target price.
- On 29th September 2020, maintained by Raymond James at Outperform rating, with $ 86.00 target price.
- On 25th September 2020, upgraded by Benchmark to Buy from Hold rating.
Conference Call
CSX Corporation will be hosting a conference call at 4:30 PM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.csx.com
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
