The 10-second takeaway
For the quarter ended March 29 (Q1), CSX beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. GAAP earnings per share increased.
Margins grew across the board.
CSX reported revenue of $2.96 billion. The 20 analysts polled by S&P Capital IQ expected to see revenue of $2.92 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.45. The 28 earnings estimates compiled by S&P Capital IQ forecast $0.40 per share. GAAP EPS of $0.45 for Q1 were 4.7% higher than the prior-year quarter's $0.43 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 38.7%, 120 basis points better than the prior-year quarter. Operating margin was 29.6%, 70 basis points better than the prior-year quarter. Net margin was 15.5%, 40 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.02 billion. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $11.93 billion. The average EPS estimate is $1.78.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,042 members out of 2,114 rating the stock outperform, and 72 members rating it underperform. Among 433 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 426 give CSX a green thumbs-up, and seven 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 $25.33.
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