|Bid||82.50 x 900|
|Ask||120.00 x 1100|
|Day's Range||101.37 - 104.26|
|52 Week Range||90.55 - 120.34|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||10.50|
|Earnings Date||Jan 18, 2019|
|Forward Dividend & Yield||1.44 (1.41%)|
|1y Target Est||119.32|
Schlumberger earnings and Kansas City Southern earnings are due Friday. New York Fed President John Williams and Philly Fed President Patrick Harker will speak.
Kansas City Southern (NYSE: KSU ) announces its next round of earnings this Friday, Jan. 18. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement. Earnings and Revenue Based ...
CSX’s Q4 Earnings Beat Expectations on Higher Pricing and VolumesCSX surpassed expectationsCSX (CSX) reported better-than-expected results for the fourth quarter. Moreover, the company’s quarterly revenues and EPS improved significantly on a YoY
CSX predicted slower revenue growth late Wednesday amid a transformation aimed at optimizing assets and boosting efficiencies.
# Kansas City Southern ### NYSE:KSU View full report here! ## Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is low for KSU with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $11.15 billion over the last one-month into ETFs that hold KSU are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
US Railroads Kick-Start 2019 with Strong Traffic Growth(Continued from Prior Part)Rail trafficKansas City Southern’s (KSU) rail traffic in Week 1 increased 1% YoY to 35,468 railcars from 35,114 railcars. The company’s rail traffic growth rate
US Railroads Kick-Start 2019 with Strong Traffic Growth (Continued from Prior Part) ## Canadian Pacific’s rail traffic Canadian Pacific Railway (CP) reported 5% YoY total traffic volume growth in the first week of 2019. The company carried 43,636 railcars compared to 41,541 units in Week 1 of 2018. The company’s rail traffic growth was the second lowest among all of Class I railroad companies (XTN). Norfolk Southern (NSC) had the highest rail traffic gains of 15.8% during the week. On the other hand, Kansas City Southern (KSU) reported the lowest traffic gain of 1% for the first week of 2019. ## Carloads and intermodal traffic Canadian Pacific’s carload traffic grew 8.9% YoY to 29,576 compared to 27,165 units in the first week of 2018. The commodity groups excluding coal accounted for 81% of total carloads. Coal carloads contributed 19% to the total carloads. Commodity group traffic other than coal rose 8.4% YoY to 24,083 railcars in the week from 22,212 units in Week 1 of 2018. Moreover, coal carloads increased 10.9% YoY to 5,493 railcars from 4,953 units. Commodities excluding coal that reported notable volume growth in the first week included energy, potash, forest products, fertilizer and sulfur, chemicals, and plastics. Commodities that recorded a YoY decline in the volumes were metals, minerals, and automotive. In the first week, Canadian Pacific registered a YoY decline of 2.2% in intermodal traffic. During the week, the company hauled 14,060 containers and trailers compared to 14,376 units in the same week last year. Unlike other railroad companies, Canadian Pacific doesn’t report container and trailer traffic separately. Apart from Canadian Pacific, BNSF Railway and CSX (CSX) also reported a YoY decline in their respective intermodal units. Now, we’ll look at Kansas City Southern’s rail traffic performance. Continue to Next Part Browse this series on Market Realist: * Part 1 - US Railroads Kick-Start 2019 with Strong Traffic Growth * Part 2 - Norfolk Southern Was Top Traffic Volume Gainer in First Week * Part 3 - CSX Reported Strong Carload Traffic Growth in Week 1
Analysts Predict Double-Digit Growth in Kansas City’s Q4 EPS ## Fourth-quarter expectations Kansas City Southern (KSU) is slated to report fourth-quarter results on January 18. For the quarter, Wall Street analysts project EPS to grow 13% YoY to $1.56, mainly driven by higher revenues and lower taxes. However, increased operating expenses are likely to partially offset the growth in bottom-line results. Analysts forecast fourth-quarter revenues to increase ~5% YoY to $693.2 million mainly due to higher carload volumes. According to weekly rail traffic data released by the company, Kansas City Southern has reported improvement in volumes in almost every week of the fourth quarter. A strong economy has been driving rail traffic volumes. Furthermore, the effective tax rate for the company is anticipated to be slightly lower than the year-ago quarter. For the upcoming quarter, analysts forecast the tax rate to come in at 29.5%, down from 32.6% in the fourth quarter of 2017. Nonetheless, rising operating expenses may negatively impact the company’s bottom-line results. For the fourth quarter, analysts expect operating expenses to increase 4.9% YoY to $443.2 million. ## Full-year projections For the full year, Wall Street analysts project the company to report EPS of $5.97, 13.7% higher than the $5.25 it earned in 2017. Revenue for the year is expected to increase 5% YoY to $2.7 billion, while tax rates are expected to come down to 29.1% from 33.5% in 2017. The 2018 EPS of major US railroad companies (IYT) Union Pacific (UNP), Norfolk Southern (NSC), and CSX (CSX) are expected to increase 35.6%, 40%, 55%, respectively, on a YoY basis.
CSX: Cost Initiatives, Lower Taxes Could Drive Its Q4 Earnings ## Fourth-quarter expectations CSX (CSX) is scheduled to report its fourth-quarter results on January 16. The US railroad company has an impressive record of beating analysts’ earnings estimates. The company beat analysts’ consensus estimates in all of the preceding four quarters with an average positive surprise of ~15%. CSX could continue its trend of reporting better-than-expected bottom-line results and witness strong double-digit quarterly earnings growth in the fourth quarter. CSX registered over 50% earnings growth in all of the preceding three quarters in 2018. For the fourth quarter, analysts expect an adjusted EPS of $0.99 for CSX, which implies a rise of ~55% YoY (year-over-year). ## Driving factors Analysts expect higher revenues and implementing the PSR (Precision Scheduled Railroading) system to drive CSX’s fourth-quarter earnings higher. The reduced tax rate and lower outstanding shares could help the bottom-line results. For the fourth quarter, the company expects to report revenues of $3.13 billion—9.3% higher than the same quarter the previous year. Strong single-digit revenue growth will likely be driven by higher volumes and increased pricing. According to rail traffic data released by the company on January 2, CSX carried 3% higher railcars during the fourth quarter—compared to the same quarter the previous year. Carload and intermodal units have seen their traffic increase 3.5% and 2.3% YoY. The PSR principle helps railroad companies reduce network complexity and improve operational efficiency. Therefore, the implementation will likely reduce CSX’s operating expenses and improve the operating ratio (operating expenses as a percentage of revenues). During the third quarter, the company’s operating ratio improved to 58.7% from 68.4% in the same quarter the previous year. In the fourth quarter, the tax rate is projected to fall to 24.6% from 34.1% in the fourth-quarter of 2017 due to the enactment of the Tax Cuts and Jobs Act. Analysts expect the company’s aggressive share buyback program to bring down the number of outstanding shares to ~840 million from 896 million in the same quarter the previous year. ## Fiscal 2018 expectations For fiscal 2018, analysts expect the EPS to grow 66% YoY to $3.82 due to higher revenues, improved operating efficiency, lower taxes, and reduced share counts. The revenues in fiscal 2018 will likely increase 7.2% YoY to $12.2 billion. Major US railroads (IYT) including Union Pacific (UNP), Norfolk Southern (NSC), and Kansas City Southern’s (KSU) 2018 EPS will likely increase 35.6%, 40%, 13.7%, respectively, on a YoY basis.
Norfolk Southern (NSC) reported the highest traffic volume growth among all of the Class I railroads (XTN) for the first week of 2019. The company posted a 15.8% YoY increase in its rail traffic volumes driven primarily by robust growth in carloads and intermodal units. The Eastern US railroad company carried 126,263 total units compared to 109,066 units in the same week of the previous year.