Earning Report Due Next Tuesday On CSX Q1 Earnings
Profit and revenue are projected to decline year-over-year. For the recent period, Wall Street is looking for earnings of 37 cents a share on revenue of $2.68 billion.
A year ago, the company earned 45 cents a share on revenue of $3.02 billion.
In February the company issued a gloomy outlook for the first quarter, saying that it anticipates earnings to drop significantly due to coal headwinds.
While the company did not give specific details on earnings projections at the time, it did note that low global commodity prices are likely to have an adverse impact on results.
Furthermore, results will be also pressured by coal volume expected to fall over 20% in 2016.
However, the Jacksonville, FL-based firm continues to target $200 million in productivity savings this year.
Shares are rising 1.34% to $24.95 on Friday.
Separately, TheStreet Ratings currently has a “Buy” rating on the stock with a letter grade of B-.
The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its “risk-adjusted” total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer’s view or that of this articles’ author.