I am downgrading CSX from buy to hold due to near-term earnings weakness despite operational improvements and long-term growth potential. CSX's 4Q24 results showed a 4% revenue decline, primarily from coal revenue drops and lower fuel surcharges, but intermodal volume grew 4%. Positive long-term prospects include intermodal expansion and industrial development, but near-term headwinds like rising infrastructure costs and weak earnings will keep shares rangebound.
Joe Hinrichs, CSX president and CEO, on anticipating more demand for thermal coal as the cost-benefit relationship changes.
CSX's fourth-quarter revenues are hurt by declines in fuel surcharge and coal revenues.
CSX Corp CSX tanked in early trading on Friday, after the company reported disappointing fourth-quarter revenues.
Joe Hinrichs, CSX president and CEO, joins 'Squawk on the Street' to discuss the company's outlook on coal, how Trump's energy plans could help benefit CSX, and much more.
CSX Corporation's stock has remained range-bound between $30-$36, making it suitable for trading strategies like covered calls and put selling. Despite revenue declines due to natural disasters and lower coal prices, CSX managed to control expenses, improving its operating ratio to 65.7%. For 2025, we expect CSX to remain range-bound but see the potential for a breakout if coal prices rebound and intermodal volumes grow.
CSX Corp. CSX reported mixed fourth-quarter financial results after Thursday's closing bell.
CSX Corporation (NASDAQ:CSX ) Q4 2024 Earnings Conference Call January 23, 2025 4:30 PM ET Company Participants Matthew Korn - Head of Investor Relations and Strategy Joseph 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 Tom Wadewitz - UBS Scott Group - Wolfe Research Joseph Hafling - Jefferies Christian Wetherbee - Wells Fargo Ari Rosa - Citigroup Brandon Oglenski - Barclays Brian Ossenbeck - JPMorgan Jonathan Chappell - Evercore ISI Ken Hoexter - Bank of America David Vernon - Bernstein Bascome Majors - Susquehanna Ravi Shanker - Morgan Stanley Jordan Alliger - Goldman Sachs Walter Spracklin - RBC Capital Markets Daniel Imbro - Stephens Jeffrey Kauffman - Vertical Research Partners Operator Ladies and gentlemen, thank you for standing by. My name is Abby and I'll be your conference operator today.
While the top- and bottom-line numbers for CSX (CSX) give a sense of how the business performed in the quarter ended December 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 $0.42 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.45 per share a year ago.
Freight railroad operator CSX (CSX 1.29%) reported fourth-quarter and full-year 2024 earnings on Thursday, Jan. 23, that missed analysts' consensus estimates. The company reported earnings per share (EPS) of $0.38, falling short of the forecast because it was impacted by a goodwill impairment charge.
CSX Corporation CSX will release its fourth-quarter financial results, after the closing bell, on Thursday, Jan. 23, 2025.