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Jul 22, 2021

CSX (CSX, $31.57) beat earnings expectations for Q2

CSX  reported its second-quarter earnings forecasts after the bell Wednesday.

The rail-based freight transportation company's adjusted earnings for the quarter came in at 40 cents a share, compared to the 37 cents a share expected by analysts polled by FactSet. 

Earnings experienced tailwinds of +12 cents a share from the sale of property rights in line segments to the Commonwealth of Virginia for passenger rail operations.

Revenue grew +33% year-over-year to $2.99 billion in the quarter, on the back of growth across all lines of business. It is also higher than analysts' estimate of $2.928 billion. The company experienced a -9% year over year decrease in expenses, while its operating income improved to $1.69 billion for the quarter.

In June, CSX announced that its board had approved a 3-for-1 stock split to be given out to shareholders as a stock dividend.

Related Ticker: CSX

CSX sees its Stochastic Oscillator recovers from oversold territory

On March 28, 2024, the Stochastic Oscillator for CSX moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 52 instances where the indicator left the oversold zone. In of the 52 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CSX advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .

CSX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The 10-day RSI Indicator for CSX moved out of overbought territory on March 06, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on April 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CSX as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for CSX turned negative on March 06, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

CSX moved below its 50-day moving average on April 01, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CSX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for CSX entered a downward trend on April 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CSX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: CSX's P/B Ratio (5.938) is very high in comparison to the industry average of (2.076). P/E Ratio (19.881) is within average values for comparable stocks, (35.885). Projected Growth (PEG Ratio) (2.187) is also within normal values, averaging (2.434). Dividend Yield (0.012) settles around the average of (0.036) among similar stocks. P/S Ratio (5.051) is also within normal values, averaging (3.181).

Notable companies

The most notable companies in this group are Union Pacific Corp (NYSE:UNP), CSX Corp (NASDAQ:CSX), Norfolk Southern Corp (NYSE:NSC).

Industry description

The Railroad industry includes passenger and freight transportation services along rail lines. This also includes companies that provide maintenance and switching duties as part of rail services. Within North America, the industry is largely dominated by some large operators. Several short-line railroads serve regional and local routes. Union Pacific Corporation, Canadian National Railway Company, and CSX Corporation are some of the prominent names in the business. The railroad business is relatively cyclical; economic expansion boost the freight services in particular, while economic stagnation often dampens transportation demand.

Market Cap

The average market capitalization across the Railroads Industry is 17.77B. The market cap for tickers in the group ranges from 1.1K to 150.04B. UNP holds the highest valuation in this group at 150.04B. The lowest valued company is URAL at 1.1K.

High and low price notable news

The average weekly price growth across all stocks in the Railroads Industry was -1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 4%. AOMFF experienced the highest price growth at 7%, while KIQSF experienced the biggest fall at -29%.

Volume

The average weekly volume growth across all stocks in the Railroads Industry was -12%. For the same stocks of the Industry, the average monthly volume growth was 3% and the average quarterly volume growth was -15%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 55
P/E Growth Rating: 70
Price Growth Rating: 48
SMR Rating: 71
Profit Risk Rating: 73
Seasonality Score: 0 (-100 ... +100)
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CSXDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
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General Information

a provider of rail-based transportation services

Industry Railroads

Profile
Fundamentals
Details
Industry
Railroads
Address
500 Water Street
Phone
+1 904 359-3200
Employees
23000
Web
https://www.csx.com
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