Inside CSX Corp’s Upcoming Earnings Release

S&P 500 (NYSE:SPY) component CSX Corp (NYSE:CSX) will unveil its latest earnings on Tuesday, October 18, 2011. 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 profit of 44 cents per share, a rise of 22.2% 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 46 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 58.1% versus last year to $1.70.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported net income of 46 cents per share versus a mean estimate of 44 cents. Two quarters ago, it reported profit of 35 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $2.99 billion in revenue this quarter, a rise of 12% 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 17 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

A Look Back: In the second quarter, profit rose 22.2% to $506 million (46 cents a share) from $414 million (36 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 13.4% to $3.02 billion from $2.66 billion.

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 16%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 21.4% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 29.1% in the first quarter and 41% in the fourth 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), Burlington Northern Santa Fe, LLC (BNI), Canadian National Railway (NYSE:CNI), Canadian Pacific Railway Ltd. (NYSE:CP), and Pioneer Railcorp (PRRR).

Stock Price Performance: During July 19, 2011 to October 12, 2011, the stock price had fallen $4.23 (-16.7%) from $25.34 to $21.11. The stock price saw one of its best stretches over the last year between December 23, 2010 and January 3, 2011 when shares rose for seven-straight days, rising 3.1% (+65 cents) 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, falling 6.7% (-$1.76) over that span. Shares are down 13 cents (-0.6%) year to date.

(Source: Xignite Financials)

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