CSX (CSX, $76.40) beats Q4 earnings expectations; misses revenue estimates
CSX reported fourth-quarter earnings that exceeded analysts' expectations. Its revenue, however, fell short of estimates.
The freight railroad company’s earnings for the quarter came in at 99 cents a share, compared to the 97 cents a share expected by analysts surveyed by FactSet. The figure is also -2% lower from the year-ago quarter.
Revenue declined -8.2% year-over-year to $2.89 billion in the quarter, while analysts polled by FactSet had estimated $2.92 billion.
According to an SEC filing by CSX, domestic coal declined mainly due to lower shipments of utility coal against continued competition from natural gas. It also mentioned that export coal declined due to lower international shipments of both thermal and metallurgical coal as global benchmark prices fell.
President and Chief Executive James Foote said in a statement that the company’s expenses got reduced 9% from a year earlier, on the back of efficiency gains and volume-related savings. "[Our] employees stepped up to produce efficiencies during tough economic conditions," said Foote.
CSX in upward trend: price rose above 50-day moving average on October 09, 2024
CSX moved above its 50-day moving average on October 09, 2024 date and that indicates a change from a downward trend to an upward trend. In of 49 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 09, 2024. You may want to consider a long position or call options on CSX as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CSX just turned positive on October 11, 2024. Looking at past instances where CSX's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for CSX crossed bullishly above the 50-day moving average on September 23, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CSX advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 247 cases where CSX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
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 .
CSX broke above its upper Bollinger Band on October 14, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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 80, placing this stock better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CSX’s price grows at a higher rate over the last 12 months as compared to 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 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 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 (5.305) is slightly higher than the industry average of (1.892). P/E Ratio (18.869) is within average values for comparable stocks, (21.294). Projected Growth (PEG Ratio) (1.975) is also within normal values, averaging (3.942). Dividend Yield (0.014) settles around the average of (0.038) among similar stocks. P/S Ratio (4.647) is also within normal values, averaging (14.541).
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General Information
a provider of rail-based transportation services
Industry Railroads