What's In The Cards For CSX Stock This Earnings Season?
Zacks Investment Research | Apr 10, 2019 09:30PM ET
CSX Corporation (NASDAQ:CSX) is slated to report first-quarter 2019 results on Apr 16, after the market closes.
Last reported quarter, the company’s earnings were in line with the Zacks Consensus Estimate while total revenues surpassed the consensus estimate. Moreover, both the top and the bottom line improved substantially year over year. Results were driven by a 3% volume expansion, higher fuel recoveries and pricing gains among other factors.
Let’s see how things are shaping up for this announcement.
Factors Likely at Play
Alike the last few quarters, volumes at the company’s fertilizer segment might decline in the first quarter as well, thereby hampering the company’s top-line growth. Additionally, high operating expenses have the potential to affect bottom-line growth.
However, a strong pricing and overall volumes are anticipated to boost results in the quarter to be reported. Also, the company’s increasing operational efficiency should lead to an improvement in operating ratio (operating expenses as a percentage of revenues).
Further, robust performances at the coal and merchandise segments are expected to aid the top line. The Zacks Consensus Estimate for coal revenues in the first quarter stands at $533 million, higher than $503 million reported in the year-ago period. The same for merchandise revenues is pegged at $1,889 million, above $1,779 million reported in the first quarter of 2018.
CSX Corporation Price and EPS Surprise
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