CSX Corp reports results for the quarter ended March 31 - Earnings Summary

• CSX Corp CSX.OQ reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 46 cents. The mean expectation of twenty five analysts for the quarter was for earnings of 37 cents per share. Wall Street expected results to range from 34 cents to 42 cents per share.

• Revenue fell 7% to $3.42 billion from a year ago; analysts expected $3.47 billion.

• CSX Corp's reported EPS for the quarter was 34 cents​.

• The company reported quarterly net income of $646 million.

• CSX Corp shares had fallen by 5.2% this quarter and lost 13.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.1% in the last three months.​

• In the last 30 days, seventeen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is also "buy"

• Wall Street's median 12-month price target for CSX Corp is $34.32

This summary was machine generated from LSEG data April 16 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)