Yahoo Finance CSX (CSX) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
CSX (CSX) reported $3.68 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.7%. EPS of $0.46 for the same period compares to $0.48 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.65 billion, representing a surprise of +0.94%. The company delivered an EPS surprise of +2.22%, with the consensus EPS estimate being $0.45.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CSX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating Ratio: 36.8% versus 63.4% estimated by five analysts on average.
Revenue per unit - Intermodal: $722 versus the four-analyst average estimate of $746.61.
Volume - Rail - Merchandise - Chemicals: 167 thousand compared to the 163.49 thousand average estimate based on four analysts.
Volume - Rail - Merchandise - Agricultural and Food Products: 114 thousand versus 118.92 thousand estimated by four analysts on average.
Revenue- Intermodal: $506 million versus $517.35 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.4% change.
Revenue- Coal: $632 million compared to the $590.23 million average estimate based on five analysts. The reported number represents a change of -0.2% year over year.
Revenue- Total Merchandise- Chemicals: $693 million versus $654.36 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.6% change.
Revenue- Total Merchandise- Agricultural and Food Products: $407 million compared to the $431.77 million average estimate based on four analysts. The reported number represents a change of -6.9% year over year.
Revenue- Total Merchandise- Automotive: $293 million versus the four-analyst average estimate of $300.81 million. The reported number represents a year-over-year change of +6.9%.
Revenue- Total Merchandise- Metals and Equipment: $220 million compared to the $227.67 million average estimate based on four analysts. The reported number represents a change of -8% year over year.
Revenue- Total Merchandise- Minerals: $174 million versus $174.25 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change.
Revenue- Total Merchandise- Fertilizers: $136 million versus $133.04 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.
View all Key Company Metrics for CSX here>>>
Shares of CSX have returned -5.8% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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