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CSX (CSX)
NASDAQ:CSX
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Earnings Data
Report Date
Jan 23, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.44Last Year’s EPS
$0.45Same Quarter Last Year
Moderate Buy
Based on 19 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2024
|% Change Since: -9.91%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While there were significant achievements in terms of volume growth, operating margin improvements, and customer satisfaction, these were offset by challenges such as hurricane impacts, coal revenue decline, and mixed market conditions. The company's ability to manage efficiency and service despite these challenges was noted as a positive, but the overall outlook was tempered by environmental factors.Company Guidance
During the CSX Q3 2024 earnings call, the company provided guidance indicating modest volume growth in the fourth quarter, supported by favorable markets like chemicals and agriculture, despite facing near-term challenges. The guidance highlighted several financial metrics, including a forecasted slight decrease in total revenue for the fourth quarter, driven by lower fuel surcharge and coal prices, which are expected to lead to approximately $200 million in revenue effects year-over-year. Operating margin for Q3 2024 reached 37.4%, showing a 180 basis point improvement from the previous year. Total revenue for the quarter increased by 1% to over $3.6 billion, with operating income rising by 7% year-over-year. Furthermore, earnings per share grew by 12%, bolstered by the company's commitment to capital returns. However, the company also anticipated additional expenses due to rerouting and rebuilding efforts following two hurricanes, which are projected to impact the fourth quarter with an estimated $50 million in storm-related costs. Despite these challenges, CSX remains committed to a balanced approach to capital returns and maintaining a total CapEx target of $2.5 billion for the year. The company emphasized its ongoing focus on operational efficiency and cost control as part of its strategy to deliver sustainable, profitable growth.Volume and Revenue Growth
Total volume grew by 3% compared to last year, driven by a strong performance in the core merchandise business which also grew by 3%. Merchandise revenue increased by 6% with favorable pricing.
Operating Margin Improvement
Operating margin reached 37.4%, improving by 180 basis points compared to last year, demonstrating strong year-over-year expansion.
Earnings per Share Growth
Earnings per share grew by 12%, supported by solid business results and commitment to capital returns.
Service and Efficiency Gains
The team managed a 3% increase in carloads with 2% fewer train starts, indicating improved service and efficiency.
Strong Net Promoter Score
Customer survey indicated the highest Net Promoter Score since measurement began, reflecting improved customer satisfaction.
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CSX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CSX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $35.35 | $32.98 | -6.70% |
| Aug 05, 2024 | $32.78 | $33.63 | +2.59% |
| Apr 17, 2024 | $33.80 | $34.03 | +0.68% |
| Jan 24, 2024 | $33.92 | $34.53 | +1.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CSX (CSX) report earnings?
CSX (CSX) is schdueled to report earning on Jan 23, 2025, After Close Not Confirmed.
What is CSX (CSX) earnings time?
CSX (CSX) earnings time is at Jan 23, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSX EPS forecast?
CSX EPS forecast for the fiscal quarter 2024 (Q4) is $0.44.
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