CSX Corporation’s (CSX) fourth-quarter 2023 earnings per share (EPS) of 45 cents beat the Zacks Consensus Estimate of 44 cents. However, the bottom line declined 8.2% year over year.Total revenues of $3,680 million surpassed the Zacks Consensus Estimate of $3,637.8 million. The top line decreased 1.3% year over year due to lower intermodal storage revenues, reduced fuel surcharge, the effect of lower global benchmark coal prices and a decline in trucking revenues. These factors offset the effects of higher ...

CSX Corporation (NASDAQ:CSX) Q4 2023 Earnings Conference Call January 24, 2024 4:30 PM ET Company Participants Matt Korn - Head, IR Joe Hinrichs - President and CEO Mike Cory - COO Kevin Boone - Chief Commercial Officer Sean Pelkey - CFO Conference Call Participants John Chappell - Evercore ISI Bascome Majors - Susquehanna Brian Ossenbeck - JPMorgan Justin Long - Stephens Inc. Scott Group - Wolfe Research Tom Wadewitz - UBS Brandon Oglenski - Barclays Ken Hoexter - Bank of America Merrill Lynch Chri ...

For the quarter ended December 2023, CSX (CSX) reported revenue of $3.68 billion, down 1.3% over the same period last year. EPS came in at $0.45, compared to $0.49 in the year-ago quarter.The reported revenue represents a surprise of +1.16% over the Zacks Consensus Estimate of $3.64 billion. With the consensus EPS estimate being $0.44, the EPS surprise was +2.27%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

CSX (CSX) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.27%. A quarter ago, it was expected that this freight railroad would post earnings of $0.42 per share when it actually produced earnings of $0.42, delivering no surprise.Over the last four quarters, the company has surpassed ...

2023 FOURTH QUARTER CONFERENCE CALL ...

JACKSONVILLE, Fla., Jan. 22, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) was named the recipient of the inaugural W.F. Thompson Award for Class I Operating Performance for 2023, highlighting CSX's success in driving its growth strategy by leveraging strong operational execution. The award, presented by the analyst firm, Loop Capital, is designed to recognize the Class I railroad with the best operational performance in a calendar year. "By any measure, CSX had a strong year in 2023," said Rick Paterson, manag ...

Wall Street analysts expect CSX (CSX) to post quarterly earnings of $0.44 per share in its upcoming report, which indicates a year-over-year decline of 10.2%. Revenues are expected to be $3.64 billion, down 2.5% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 1.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earn ...

JACKSONVILLE, Fla., Jan. 18, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) continues to lead the rail industry as the "top performer" in intermodal service, according to a recent survey by the Journal of Commerce (JOC). The survey, conducted between Sept. 1 and Oct. 31, involved shippers and intermodal marketing companies (IMCs). Among the four U.S. Class I railroads, CSX was voted the top performer by 38.8% of respondents, outpacing its closest competitor by more than 14 percentage points. This honor marks the ...

CSX (CSX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 24, 2024, might help the stock move higher if these key numbers are better than expectati ...

JACKSONVILLE, Fla., Jan. 16, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) continued to prioritize public safety in 2023 with a robust first responder training program that reached over 6,000 individuals in communities across its rail network. The company held over 60 sessions covering hazardous materials handling and incident response tactics, ensuring that first responders, contractors and local government officials are informed and prepared to handle potential emergencies on and around railroad property. "CS ...