LOS ANGELES, CA / ACCESSWIRE / October 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of CSX Corporation ("CSX" or "the Company") (NASDAQ:CSX) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
CSX (CSX) shares tumbled Thursday after the freight shipper reported worse-than-expected results and warned about the current quarter because of the impact of Hurricanes Helene and Milton.
Coal revenues decline 7% year over year in the third quarter of 2024 at CSX.
Investor confidence in CSX Corporation (CSX) derailed after the company reported an earnings miss, citing issues with hurricane season. Elevance Health (ELV) beat on revenue but appears to have plunged over Medicaid-related challenges.
U.S. stock futures were mostly higher this morning, with the Nasdaq futures gaining around 100 points on Thursday.
CSX Corporation CSX reported downbeat third-quarter financial results after Wednesday's closing bell.
CSX Corporation (NASDAQ:CSX ) Q3 2024 Results Conference Call October 16, 2024 4:30 PM ET Company Participants Matthew Korn - Head of Investor Relations and Strategy Joe 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 - JPMorgan Ari Rosa - Citi Jonathan Chappell - Evercore ISI Scott Group - Wolfe Research Tom Wadewitz - UBS Brandon Oglenski - Barclays Christian Wetherbee - Wells Fargo Daniel Imbro - Stephens Jordan Alliger - Goldman Sachs Stephanie Moore - Jefferies Ken Hoexter - Bank of America Ben Nolan - Stifel Jason Seidl - TD Cowen Walter Spracklin - RBC Capital David Vernon - Sanford Bernstein Operator Thank you for standing by. My name is Jay, and I will be your conference operator today.
Many stocks in the Russell 2000 are small community banks, and we've seen big banks perform very well overall so far in Q3 earnings season.
While the top- and bottom-line numbers for CSX (CSX) give a sense of how the business performed in the quarter ended September 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 $0.46 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.42 per share a year ago.
CSX (CSX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
CSX Stock (NYSE: CSX) will report its Q3 2024 results on Wednesday, Oct 16. 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.