Workflow
CSX Analysts Slash Their Forecasts After Q4 Results
CSXCSX(CSX) Benzinga·2025-01-24 13:35

Core Insights - CSX Corp. reported mixed financial results for the fourth quarter, with earnings of 42 cents per share meeting analyst expectations, but revenue of 3.54billionfallingshortofthe3.54 billion falling short of the 3.57 billion consensus and down from 3.68billioninthesamequarterlastyear[1][2].FinancialPerformance−Quarterlyearningspersharewere42cents,aligningwithanalystconsensus[1].−Quarterlyrevenuewas3.68 billion in the same quarter last year [1][2]. Financial Performance - Quarterly earnings per share were 42 cents, aligning with analyst consensus [1]. - Quarterly revenue was 3.54 billion, missing the analyst consensus estimate of 3.57billionandrepresentingadecreasefrom3.57 billion and representing a decrease from 3.68 billion in the previous year's fourth quarter [1]. Management Commentary - CEO Joe Hinrichs expressed pride in the team's response to challenges in 2024, including impacts from major hurricanes and the Key Bridge outage, while emphasizing a focus on customer satisfaction [2]. Stock Performance - Following the earnings announcement, CSX shares increased by 1.3%, closing at 33.67[2].AnalystRatingsandPriceTargets−BairdanalystBenjaminHartfordmaintainedanOutperformratingonCSXbutloweredthepricetargetfrom33.67 [2]. Analyst Ratings and Price Targets - Baird analyst Benjamin Hartford maintained an Outperform rating on CSX but lowered the price target from 39 to 38[4].−CitigroupanalystArielRosamaintainedaBuyratingonCSXandreducedthepricetargetfrom38 [4]. - Citigroup analyst Ariel Rosa maintained a Buy rating on CSX and reduced the price target from 40 to $39 [4].