Freight rail services provider CSX (NASDAQ:CSX) will be reporting results tomorrow after market hours. Here’s what investors should know.
CSX missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $3.54 billion, down 3.8% year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates.
Is CSX a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting CSX’s revenue to decline 5.9% year on year to $3.46 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.37 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CSX has missed Wall Street’s revenue estimates four times over the last two years.
Looking at CSX’s peers in the transportation and logistics segment, only FedEx has reported results so far. It beat analysts’ revenue estimates by 0.9%, delivering year-on-year sales growth of 1.9%. The stock was down 6.3% on the results.
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