Stock Story -
Freight rail services provider CSX (NASDAQ:CSX) will be announcing earnings results tomorrow after the bell. Here's what investors should know.
CSX met analysts' revenue expectations last quarter, reporting revenues of $3.68 billion, flat year on year. It was an ok quarter for the company, with a narrow beat of analysts' volume estimates.
Is CSX a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting CSX's revenue to be flat year on year at $3.70 billion, improving from the 3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.48 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CSX has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 1.6% on average.
Looking at CSX's peers in the transportation and logistics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Norfolk Southern Corporation (NYSE:NSC) delivered year-on-year revenue growth of 2.1%, meeting analysts' expectations, and Union Pacific (NYSE:UNP) reported flat revenue, in line with consensus estimates. Norfolk Southern Corporation traded up 10.9% following the results while Union Pacific was also up 1.2%.
Read the full analysis of Norfolk Southern Corporation's and Union Pacific's results on StockStory.
There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 2.4% on average over the last month. CSX is up 1.7% during the same time and is heading into earnings with an average analyst price target of $38.7 (compared to the current share price of $33.95).
![CSX (CSX) Reports Earnings Tomorrow: What To Expect](https://d68-invdn-com.investing.com/content/picd79672e6671a7d747577246e55b7f7e0.jpeg)