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CSX Second Quarter Earnings Preview
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CSX
On Tuesday, July 17, 2012, CSX (NYSE:CSX) is expected to release its second quarter earnings.
A business' earnings are the main determinant of its share price because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run. SEE: Can Earnings Guidance Accurately Predict The Future?
What to Expect: The consensus estimate for CSX's earnings is 47 cents per share, up 2.2% from a year ago when the company reported earnings of 46 cents per share.
The consensus estimate hasn't changed in the last month, but it has dropped from 48 cents three months ago. For the fiscal year, analysts are expecting earnings of $1.83 per share.
CSX is expected to report revenue of $3.05 billion for the quarter, beating last year's figure of $3.02 billion by 1%. Revenue of $12.14 billion is expected for the fiscal year.
Company Performance: CSX has reported revenue increases for the past four quarters. It rose 5.6% in the first quarter, 4.8% in the fourth quarter of the last fiscal year, 11.1% in the third quarter of the last fiscal year and 13.4% in the second quarter of the last fiscal year.
The P/E ratio has been used for ages by analysts and still remains one of the most relevant pieces of stock valuation. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: Understanding The P/E Ratio
Over the past quarter, the stock price has risen slightly to $22.25, from $22.08 on April 16, 2012. CSX's stock price is currently on the rise. Since June 25, 2012 business days the stock has risen 95 cents per share.
A business' earnings are the main determinant of its share price because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run. SEE: Can Earnings Guidance Accurately Predict The Future?
What to Expect: The consensus estimate for CSX's earnings is 47 cents per share, up 2.2% from a year ago when the company reported earnings of 46 cents per share.
The consensus estimate hasn't changed in the last month, but it has dropped from 48 cents three months ago. For the fiscal year, analysts are expecting earnings of $1.83 per share.
CSX is expected to report revenue of $3.05 billion for the quarter, beating last year's figure of $3.02 billion by 1%. Revenue of $12.14 billion is expected for the fiscal year.
Company Performance: CSX has reported revenue increases for the past four quarters. It rose 5.6% in the first quarter, 4.8% in the fourth quarter of the last fiscal year, 11.1% in the third quarter of the last fiscal year and 13.4% in the second quarter of the last fiscal year.
The P/E ratio has been used for ages by analysts and still remains one of the most relevant pieces of stock valuation. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: Understanding The P/E Ratio
Over the past quarter, the stock price has risen slightly to $22.25, from $22.08 on April 16, 2012. CSX's stock price is currently on the rise. Since June 25, 2012 business days the stock has risen 95 cents per share.
by
Investopedia Staff
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