CSX (NYSE: CSX) is expected to report Q2 earnings on July 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 increase 0.1% and EPS will drop -4.1%.

The average estimate for revenue is $3.01 billion. On the bottom line, the average EPS estimate is $0.47.

Revenue details
Last quarter, CSX booked revenue of $2.96 billion. GAAP reported sales were 0.3% lower than the prior-year quarter's $2.97 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 $0.45. 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.

Recent performance
For the preceding 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.

Looking ahead

The full year's average estimate for revenue is $11.89 billion. The average EPS estimate is $1.77.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,067 members out of 2,140 rating the stock outperform, and 73 members rating it underperform. Among 442 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 434 give CSX a green thumbs-up, and eight 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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