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Why CSX Could Beat Its 1Q18 Earnings Estimate

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Why CSX Could Beat Its 1Q18 Earnings Estimate PART 1 OF 5

How CSX Stock Has Trended ahead of Its 1Q18 Earnings

CSX’s 1Q18 earnings

CSX (CSX), a NASDAQ-listed major eastern US rail carrier, is set to release its 1Q18 earnings after the market closes on April 17, 2018.

The Jacksonville-based railroad company will hold an earnings conference call at 4:30 PM EST on the day with stock owners and analysts to discuss its financial and operational results.

How CSX Stock Has Trended ahead of Its 1Q18 Earnings

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How has CSX stock fared so far?

Currently, among all US railroad companies, CSX is the only carrier that has witnessed a lot of reshuffling in its top management. James Foote, who is new to the CSX environment, was elevated to the post of CEO after Hunter Harrison. Angela Williams will take over Andrew Glassman’s role as vice president and corporate controller effective July 1, 2018. In fact, CSX and Canadian National Railway (CNI) are the Class I railroad companies that have seen most of the action at their top management levels.

Rail transportation stocks have a bright 2018 ahead in terms of stock price movement, and CSX is the front-runner among them. At the close of the market on April 12, 2018, CSX stock was trading at $56.11, up 2%. Since the beginning of the year, the stock has fallen a marginal 0.41%. In the last year, CSX stock has returned 20.9% to its stockholders. Let’s compare its returns in the last year with those of its peers:

  • Norfolk Southern (NSC): 19.3%
  • Canadian Pacific Railway (CP): 17.7%
  • Canadian National Railway (CNI): 1.9%
  • Kansas City Southern (KSU): 26.4%
  • Union Pacific (UNP): 27.3%
  • Genesee & Wyoming (GWR): 7.8%

The benchmark transportation and logistics sector index, the SPDR S&P Transportation ETF (XTN), returned 20.7% during the same period.

Series highlights

In this series, we’ll go through analysts’ estimates of CSX’s revenues, margins and earnings over the next four quarters. We’ll also take a look at their recommendations for the company and its peers.

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