Your Two Minute Earnings Preview for CSX Stock
Today’s video takes a quick look at CSX (CSX) ahead of their earnings release. This railroad company is largely focused on the East Coast and Midwest of the United States, and it can be a bellwether of economic activity in the region, making it a closely watched report.
The company’s shares are also likely to be in focus thanks to a nice run in the sector and a fantastic industry rank that is just inside the top 25% overall. Expectations will be high for the company to keep this streak alive in this impending report.
After all, CSX hasn’t missed earnings estimates since early 2014, so it is riding a nice streak overall. However, the stock has a Zacks Rank #3 (hold) and a ‘C’ grade for its fundamentals, while earnings estimates haven’t really kept up with the optimism overall. This will be a case where guidance is key, and where the outlook for the sector and economy at large will weigh on the shares following the release.
CSX CORP Price, Consensus and EPS Surprise
CSX CORP Price, Consensus and EPS Surprise | CSX CORP Quote
CSX reports after the bell on October 12th and we are looking for earnings of $0.45/share. Make sure to watch the video for a quick guide to CSX heading into the report, but if you want to trade CSX stock, check out Dave Bartosiak’s Live Trader for some option insights ahead of the release.
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CSX CORP (CSX): Free Stock Analysis Report
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