CSX Corporation (CSX) Earnings Preview: On The Tracks

CSX Corporation (CSX) Earnings Preview: On The Tracks

CSX Corporation (NYSE:CSX) will release its earnings report for the three months ended September 30 tomorrow after the bell rings on Wall Street. The company has had a solid year so far, beating earnings expectations in the first and second quarters. Shares in the company were up a fraction on Monday in anticipation of the earnings report.

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Analysts following CSX Corporation (NYSE:CSX) are looking for earnings of 43 cents per share in tomorrow’s earnings report. In the same three months of last year the firm managed to earn 44 cents per share. Revenue for the September quarter is expected to come in at $3 billion. In 2012’s third quarter the company brought in $2.9 billion in revenue.

Modern Day Asset Management

Asset ManagementValueWalk's Raul Panganiban interviews Ross Klein, CFA, and Vince Lorusso. Ross is founder and CIO at Changebridge Capital and Vince is Partner and Portfolio Manager at Changebridge Capital where they manage the CBLS, Changebridge Capital Long/ Short Equity ETF and CBSE, Changebridge Sustainable Equity ETF. The following transcript is computer generated and may contain some Read More

CSX performance

Since January 1 shares in CSX Corporation (NYSE:CSX) have risen in value by more than 30%, beating the S&P 500’s gains of just over 19% in the same period. Earnings so far in 2013 have beaten analysts expectations, coming in at 45 cents per share for the March quarter, on expectations of 40 cents, and 52 cents per share in June on consensus expectations of 47 cents.

The firm’s shares have more than quintupled in value in the last decade, led by the company’s earnings growth. Shares have still not equaled highs of over $26 hit in 2011, after the firm announced a 3:1 split.  On Monday’s market shares were trading at just under that level, and the 52 week high stands at $26.90.

CSX corporation growth

The Jacksonville, Florida-based CSX Corporation (NYSE:CSX) operates around 21,000 miles of railroads throughout 23 states and Canada. The company is one of the leading suppliers of transport in the ester part of the United States. CSX has been growing steadily for a decade, and the firm’s shares have been right there along with it.

After the earnings beats revealed in April and June the company’s shares showed rapid growth, but that slowed in the weeks following those announcements. CSX Corporation (NYSE:CSX) will host a conference call about its earnings at 8:30 a.m. on Wednesday morning to discuss its results with investors and analysts.

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