- CSX’s first quarter Earnings Per Share (EPS) beats estimates, recording 46c against last year’s 48c and an estimate of 45c.
- Total revenue for the quarter came in at $3.68 billion, which represents a 0.8% decrease compared to the same period last year but is slightly above an estimate of $3.67 billion.
- Fuel costs went down by 11% compared to last year, totalling $325 million, which is lower than the estimated $330.5 million.
- Purchased services and other expenses increased by 3.3% from the previous year, totalling $711 million versus an estimate of $702.2 million.
- Operating income stood at $1.35 billion, which is 7.5% lower than the previous year but slightly above an expected $1.34 billion.
- Total carloads amounted to 1.53 million, marking a 3.2% increase year on year.
- Intermodal volume increased by 7.2% compared to the prior year, reaching 701,000 versus an estimate of 698,527.
- Merchandise revenue totalled $2.19 billion, which indicates a 1% increase from last year and beats an estimate of $2.18 billion.
- Notable sectoral revenue changes include a 6.6% increase in Chemicals revenue ($693 million), a 6.9% decrease in Agricultural and Food Products revenue ($407 million), a 6.9% increase in Automotive revenue ($293 million) and a 7.7% reduction in Trucking revenue ($215 million)
- Average revenue per carload dropped by 3.8% from the previous year totaling $2,400 against an estimate of $2,351.
- Year forecast still sees capital expenditure around $2.5 billion which matches the estimate.
- Analysts hold varying views on the stock with 20 recommendations to buy, 7 to hold and none to sell.
Csx Corp on Smartkarma
On Smartkarma, independent analysts like Baptista Research are closely monitoring CSX Corporation, providing valuable insights for investors. In their report titled “CSX Corporation: Revenue expectations considering coal prices and intermodal market dynamics! – Major Drivers,” Baptista Research expresses a bullish sentiment towards the company. Highlighting CSX’s strong 2023 results and positive business momentum, the report acknowledges challenges faced due to factors like inclement weather and supply chain disruptions, which CSX managed to navigate effectively.
Furthermore, in another report by Baptista Research, “CSX Corporation: A Saga Of Revenue Growth & Surprising Challenges! – Major Drivers,” the analyst coverage reveals a mixed recent quarter for CSX. While revenues exceeded market expectations, challenges such as lower intermodal storage revenue and inflation-related costs impacted earnings. Despite moving over 1.5 million carloads during the quarter, CSX faced hurdles like decreased fuel recovery and export coal prices. The analysts provide a nuanced view of CSX Corporation’s performance, offering valuable insights for investors to consider.
A look at Csx Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
CSX Corp, an international freight transportation company, shows a promising long-term outlook according to Smartkarma Smart Scores. With a Growth score of 4 and Momentum score of 4, the company is positioned well for future expansion and performance. This indicates a positive trajectory for CSX in terms of business growth and market momentum.
However, CSX Corp’s Value, Dividend, and Resilience scores are rated at 2 each. This suggests areas where the company may need to focus on improving, such as enhancing its value proposition, dividend payouts, and overall resilience. Despite these lower scores, the company’s strong points in Growth and Momentum indicate potential for continued success in its core business of providing rail, intermodal, and logistics services worldwide.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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