CSX Corporation (CSX – Analyst Report), a leader in rail shipping and logistics services, reported its Q3 earnings after the closing bell today. Coming off of a 5.66% earnings surprise last quarter, investors were hoping the company could continue its success.

CSX relies heavily on shipping coal, and thus and decline in domestic coal shipment hurts operations. CSX previously projected a decrease in domestic coal revenues of over $400 million for 2015. The company also faces increased challenges from other shipping competitors, such as trucking companies, who have been able to offer more attractive rates due to lower oil prices.

Currently, CSH has a Zacks Rank #3 (Hold), but we could see movement in the ranking following today’s announcement. We’ve highlighted some of the key stats from this latest earnings report below:

Earnings: CSX reported a quarterly EPS of 52 cents, which beat the Zacks Consensus Estimate of 50 cents.

Revenue: CSX missed our consensus revenue of $3.04 billion, posting quarterly revenues of $2.94 billion.

Key Stats to Note: In the report, the company said “CSX is still targeting its full-year expectations for earnings per share growth… These targets remain intact despite expectations for 2015 coal revenue to decline approximately $450 million”

Stock Price: Shares of CSX closed down about 2.3% in after hours trading but are trading up about 0.5% pre-market open.

 

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