CSX Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component CSX Corp (NYSE:CSX) will unveil its latest earnings on Tuesday, July 19, 2011. CSX Corporation 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 profit of 44 cents per share, a rise of 22.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of $1.72 per share, a rise of 27.4% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of 35 cents per share versus a mean estimate of net income of 35 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by one cent.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $2.99 billion in revenue this quarter, a rise of 12.4% from the year ago quarter. Analysts are forecasting total revenue of $11.87 billion for the year, a rise of 11.6% from last year’s revenue of $10.64 billion.

Analyst Ratings: Analysts are bullish on this stock with 21 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 18.1%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 21.9% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 29.1% while it rose 41% in the fourth quarter of the last fiscal year and 41.3% in the third quarter of the last fiscal year.

Competitors to Watch: Norfolk Southern Corp. (NYSE:NSC), Union Pacific Corporation (NYSE:UNP), Kansas City Southern (NYSE:KSU), Genesee & Wyoming Inc. (NYSE:GWR), Providence & Worcester Railroad Co. (NASDAQ:PWX), Canadian National Railway (NYSE:CNI) and Canadian Pacific Railway Ltd. (NYSE:CP).

Stock Price Performance: During May 16, 2011 to July 13, 2011, the stock price had risen $1.17 (4.7%) from $24.69 to $25.86. The stock price saw one of its best stretches over the last year between August 9, 2010, and August 16, 2010, when shares rose for six-straight days, rising 7.1% (+$1.17) over that span. Shares have been on a negative streak of late, closing down every day between July 12, 2011 and July 13, 2011. Shares are up $4.50 (+21.1%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!