CSX Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component CSX Corp (NYSE:CSX) will unveil its latest earnings on Tuesday, April 17, 2012. CSX provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.

CSX Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 38 cents per share, a rise of 8.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 42 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 40 cents during the last month. For the year, analysts are projecting profit of $1.81 per share, a rise of 8.4% from last year.

Past Earnings Performance: The company is hoping to beat estimates after missing the mark for two straight quarters. Last quarter, it reported net income of 43 cents per share against an estimate of profit of 44 cents per share. The quarter before that, it missed forecasts by one cent.

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Wall St. Revenue Expectations: Analysts predict a rise of 3.9% in revenue from the year-earlier quarter to $2.92 billion.

Analyst Ratings: Analysts are bullish on this stock, with 18 analysts rating it as a buy, one rating it as a sell and four rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 6.3% to $457 million (43 cents a share) from $430 million (38 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 4.8% to $2.95 billion from $2.82 billion.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 22.2% in the second quarter of the last fiscal year and 12.1% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 12.8% in the first quarter of the last fiscal year, 13.4% in the second quarter of the last fiscal year and 11.1% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 13, 2012 and April 11, 2012, the stock price fell $1.50 (-6.6%), from $22.81 to $21.31. The stock price saw one of its best stretches over the last year between December 28, 2011 and January 5, 2012, when shares rose for six straight days, increasing 9.1% (+$1.89) over that span. It saw one of its worst periods between May 10, 2011 and May 17, 2011 when shares fell for six straight days, dropping 6.7% (-$1.74) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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