CSX (NASDAQ:CSX) will release its quarterly earnings report on Wednesday, 2024-10-16. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate CSX to report an earnings per share (EPS) of $0.48.
The market awaits CSX's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Overview of Past Earnings
During the last quarter, the company reported an EPS beat by $0.01, leading to a 2.61% increase in the share price on the subsequent day.
Here's a look at CSX's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.48
0.45
0.44
0.42
EPS Actual
0.49
0.46
0.45
0.42
Price Change %
3.0%
1.0%
2.0%
1.0%
Performance of CSX Shares
Shares of CSX were trading at $35.29 as of October 14. Over the last 52-week period, shares are up 15.42%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Analyst Opinions on CSX
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on CSX.
Analysts have given CSX a total of 9 ratings, with the consensus rating being Outperform. The ...
