CSX (CSX) closed at $65.91 in the latest trading session, marking a -1.36% move from the prior day. This move was narrower than the S&P 500's daily loss of 3.09%. At the same time, the Dow lost 2.41%, and the tech-heavy Nasdaq lost 4.43%.
Prior to today's trading, shares of the freight railroad had lost 8.87% over the past month. This has was narrower than the Transportation sector's loss of 10.33% and lagged the S&P 500's loss of 6.27% in that time.
Investors will be hoping for strength from CSX as it approaches its next earnings release, which is expected to be January 15, 2019. In that report, analysts expect CSX to post earnings of $1 per share. This would mark year-over-year growth of 56.25%. Our most recent consensus estimate is calling for quarterly revenue of $3.14 billion, up 9.51% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.80 per share and revenue of $12.25 billion. These totals would mark changes of +65.22% and +7.34%, respectively, from last year.
Any recent changes to analyst estimates for CSX should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.61% higher. CSX is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, CSX is currently trading at a Forward P/E ratio of 17.59. For comparison, its industry has an average Forward P/E of 17.36, which means CSX is trading at a premium to the group.
Also, we should mention that CSX has a PEG ratio of 1.32. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Rail industry currently had an average PEG ratio of 1.43 as of yesterday's close.
The Transportation - Rail industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CSX in the coming trading sessions, be sure to utilize Zacks.com.
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