CSX Meets on Revenues, Misses on EPS
CSX (NYS: CSX) reported earnings on Jan. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 30 (Q4), CSX met expectations on revenues and missed on earnings per share.
Compared to the prior-year quarter, revenue increased, and earnings per share grew.
Gross margins dropped, operating margins dropped, net margins improved.
CSX booked revenue of $3.0 billion. The 17 analysts polled by S&P Capital IQ expected sales of $3.0 billion. Sales were 4.8% higher than the prior-year quarter's $2.8 billion
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.43. The 26 earnings estimates compiled by S&P Capital IQ averaged $0.44 per share. GAAP EPS of $0.43 for Q4 were 13% higher than the prior-year quarter's $0.38 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 36.5%, 270 basis points worse than the prior-year quarter. Operating margin was 28.5%, 150 basis points worse than the prior-year quarter. Net margin was 15.5%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.0 billion. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $12.5 billion.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,911 members out of 1,980 rating the stock outperform, and 69 members rating it underperform. Among 475 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 464 give CSX a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CSX is outperform, with an average price target of $27.24.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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