CSX (CSX) reported earnings 30 days ago. What's next for the stock?
The deals, on successful ratification, are set to help the concerned CSX workers eligible for higher wages.
CSX Corporation is a leading transportation company in the US, offering freight transportation by rail, intermodal containers, and bulk commodity transport. CSX's protective moat includes first mover advantage, legal barriers to new construction, and pricing power, leading to high returns on equity. CSX has stable and wide profit margins, high returns on equity, and aggressively repurchases shares with its operating cash flows.
CSX Corp (NASDAQ:CSX) stock is up 4% at $34.31 at last glance, after the company's second-quarter results.
Merchandise revenues increase 5% year over year at CSX in the second quarter of 2024.
CSX Corporation has outperformed the market with a 290% returns over ten years, despite economic headwinds and a challenging environment for railroads. The company focuses on operational efficiency, new growth opportunities, and a mix of consistent dividend growth and aggressive share buybacks. Despite cyclical challenges, CSX remains a top dividend pick, with strong fundamentals, a healthy balance sheet, and promising prospects for future growth.
CSX Corporation (NASDAQ:CSX ) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Matthew Korn - Head of Investor Relations and Strategy Joseph R. Hinrichs - President and Chief Executive Officer Mike Cory - Executive Vice President and Chief Operating Officer Kevin Boone - Executive Vice President and Chief Commercial Officer Sean Pelkey - Executive Vice President and Chief Financial Officer Conference Call Participants Brian Ossenbeck - J.P.
While the top- and bottom-line numbers for CSX (CSX) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
CSX (CSX) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.49 per share a year ago.
CSX Corporation CSX is expected to release earnings results for its second quarter, after the closing bell on Monday, Aug. 5.
CSX Stock (NYSE: CSX) will report its Q2 2024 results on Monday, August 5. We expect the company's revenues to come in at $3.7 billion and earnings at $0.49 per share, marginally ahead of the consensus estimate.
Get a deeper insight into the potential performance of CSX (CSX) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.