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CSX (CSX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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CSX (CSX - Free Report) reported $3.7 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.1%. EPS of $0.49 for the same period compares to $0.49 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.7 billion, representing a surprise of +0.08%. The company delivered an EPS surprise of +2.08%, with the consensus EPS estimate being $0.48.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CSX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating Ratio
: 39.1% compared to the 61.9% average estimate based on five analysts.
Revenue per unit - Intermodal
: $707 versus the four-analyst average estimate of $721.59.
Volume - Rail - Merchandise - Chemicals
: 174 thousand compared to the 167.66 thousand average estimate based on four analysts.
Volume - Rail - Merchandise - Agricultural and Food Products
: 115 thousand versus 115.47 thousand estimated by four analysts on average.
Revenue- Intermodal
: $506 million versus $523.91 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
Revenue- Coal
: $563 million versus the five-analyst average estimate of $573.63 million. The reported number represents a year-over-year change of -11.6%.
Revenue- Total Merchandise- Chemicals
: $722 million compared to the $688.02 million average estimate based on four analysts. The reported number represents a change of +12.5% year over year.
Revenue- Total Merchandise- Agricultural and Food Products
: $406 million versus the four-analyst average estimate of $417.75 million. The reported number represents a year-over-year change of -2.2%.
Revenue- Total Merchandise- Automotive
: $336 million compared to the $317.75 million average estimate based on four analysts. The reported number represents a change of +4% year over year.
Revenue- Total Merchandise- Metals and Equipment
: $230 million versus the four-analyst average estimate of $231.94 million. The reported number represents a year-over-year change of -4.2%.
Revenue- Total Merchandise- Minerals
: $207 million versus the four-analyst average estimate of $192.23 million. The reported number represents a year-over-year change of +8.4%.
Revenue- Total Merchandise- Fertilizers
: $126 million compared to the $129.56 million average estimate based on four analysts. The reported number represents a change of -1.6% year over year.
Shares of CSX have returned +2.3% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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CSX (CSX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
CSX (CSX - Free Report) reported $3.7 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.1%. EPS of $0.49 for the same period compares to $0.49 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.7 billion, representing a surprise of +0.08%. The company delivered an EPS surprise of +2.08%, with the consensus EPS estimate being $0.48.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CSX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for CSX here>>>Operating Ratio
: 39.1% compared to the 61.9% average estimate based on five analysts.Revenue per unit - Intermodal
: $707 versus the four-analyst average estimate of $721.59.Volume - Rail - Merchandise - Chemicals
: 174 thousand compared to the 167.66 thousand average estimate based on four analysts.Volume - Rail - Merchandise - Agricultural and Food Products
: 115 thousand versus 115.47 thousand estimated by four analysts on average.Revenue- Intermodal
: $506 million versus $523.91 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.Revenue- Coal
: $563 million versus the five-analyst average estimate of $573.63 million. The reported number represents a year-over-year change of -11.6%.Revenue- Total Merchandise- Chemicals
: $722 million compared to the $688.02 million average estimate based on four analysts. The reported number represents a change of +12.5% year over year.Revenue- Total Merchandise- Agricultural and Food Products
: $406 million versus the four-analyst average estimate of $417.75 million. The reported number represents a year-over-year change of -2.2%.Revenue- Total Merchandise- Automotive
: $336 million compared to the $317.75 million average estimate based on four analysts. The reported number represents a change of +4% year over year.Revenue- Total Merchandise- Metals and Equipment
: $230 million versus the four-analyst average estimate of $231.94 million. The reported number represents a year-over-year change of -4.2%.Revenue- Total Merchandise- Minerals
: $207 million versus the four-analyst average estimate of $192.23 million. The reported number represents a year-over-year change of +8.4%.Revenue- Total Merchandise- Fertilizers
: $126 million compared to the $129.56 million average estimate based on four analysts. The reported number represents a change of -1.6% year over year.Shares of CSX have returned +2.3% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.