110.29 0.00 (0.00%)
After hours: 4:23PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||109.34 - 111.18|
|52-week range||86.15 - 114.85|
|PE ratio (TTM)||12.04|
|Earnings date||20 Apr 2018|
|Forward dividend & yield||1.44 (1.31%)|
|1y target est||119.94|
Canadian Pacific's (CP) results in Q1 are hit by bad weather. Moreover, high operating expenses as well as the consequent deterioration in the operating ratio raise a concern.
Kansas City Southern (KSU), which is the smallest Class I railroad in the US, recorded a slight YoY (year-over-year) gain in its carload traffic in Week 14 of 2018. The railroad moved 24,100-plus carloads in that week, compared with ~23,700 units in Week 14 of the previous year, which ended April 8, 2017. Compared with the 4.6% carload traffic gain in US railroads (XTN), KSU’s increase in the same category was much smaller.
The AAR (Association of American Railroads) releases weekly freight data for 12 major North American railroads every Wednesday. Carload volumes are classified into 20 major commodity categories, such as grain, coal, chemicals, and primary metal products. Intermodal traffic, which is expressed in containers and truck trailers, is reported separately.
Rising operating expenses might hurt Kansas City Southern's (KSU) bottom line in Q1. However, intermodal volume growth and the new tax law are likely to drive results.
Earlier, we discussed Thomson Reuters–surveyed analysts’ estimates for CSX’s (CSX) 1Q18 operating margins. In this article, we’ll take a look at their earnings estimates for eastern US major railroad companies. Analysts expect CSX to achieve adjusted EPS (earnings per share) of $0.66 in 1Q18, a 29% rise on a YoY (year-over-year) basis.
CSX (CSX), a NASDAQ-listed major eastern US rail carrier, is set to release its 1Q18 earnings after the market closes on April 17, 2018.
As is evident from its policy decisions, which include rate cuts, trade wars, and the easing of lending via the amendment of the Dodd-Frank Act, the Trump administration is pushing for domestic manufacturing. Railroads (XLI) could see improved traction and consistent growth amid improving coal and industrial output in 2018. Berkshire Hathaway’s (BRK.B) BNSF consistently grew its business in 2017 on higher operating profits aided by investments made to improve efficiency.
The smallest US Class I railroad, Kansas City Southern (KSU), reported a high-single-digit fall in its carload traffic in Week 13 of 2018, by 7.1% YoY (year-over-year). The company hauled ~23,500 carloads in 2018, ~1,800 fewer than in Week 13 of 2017. In contrast, US railroads’ (XLI) carload volumes rose 2.8%.
For Eastern US freight rail carrier CSX (CSX), carload traffic hasn’t progressed in 2018. In Week 13 of 2018, the railroad’s carload traffic rose 3.3% YoY (year-over-year), from ~69,200 carloads to ~71,500. In contrast, rival Norfolk Southern (NSC) saw its carload traffic fall 3.7%, and US railroads carload traffic grew less, by 2.8%.
The AAR (Association of American Railroads) publishes weekly freight data for major North American railroads every Wednesday. The AAR has classified carload traffic into 20 major commodity categories, such as coal, grain, chemicals, and primary metal products. Intermodal traffic in containers and truck trailers is reported separately.
Zacks Industry Outlook Highlights: Norfolk Southern, CSX, Kansas City, Genesee & Wyoming and Union Pacific