CSX (NYSE: CSX) is expected to report Q1 earnings on April 16. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict CSX's revenues will wither -1.8% and EPS will drop -7.0%.

The average estimate for revenue is $2.91 billion. On the bottom line, the average EPS estimate is $0.40.

Revenue details
Last quarter, CSX booked revenue of $2.90 billion. GAAP reported sales were 2.3% lower than the prior-year quarter's $2.95 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.43. GAAP EPS of $0.43 were the same as the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 37.3%, 80 basis points better than the prior-year quarter. Operating margin was 27.9%, 60 basis points worse than the prior-year quarter. Net margin was 15.4%, 10 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $11.92 billion. The average EPS estimate is $1.79.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CSX is outperform, with an average price target of $24.58.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.