Earnings To Watch: CSX (CSX) Reports Q2 Results Tomorrow

Freight rail services provider CSX (NASDAQ:CSX) will be reporting results this Wednesday after market close. Here’s what to expect.

CSX missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $3.42 billion, down 7% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ adjusted operating income estimates.

Is CSX a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting CSX’s revenue to decline 3.5% year on year to $3.57 billion, a deceleration from its flat revenue in the same quarter last year.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 14 downward revisions over the last 30 days (we track 17 analysts). CSX has missed Wall Street’s revenue estimates five times over the last two years.

Looking at CSX’s peers in the transportation and logistics segment, only FedEx has reported results so far. It beat analysts’ revenue estimates by 1.9% and delivered flat year-on-year revenue. The stock was down 3.2% on the results.

There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 5.9% on average over the last month. CSX is up 11.1% during the same time.

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