CSX (CSX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

CSX (CSX) reported $3.7 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.1%. EPS of $0.49 for the same period compares to $0.49 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.7 billion, representing a surprise of +0.08%. The company delivered an EPS surprise of +2.08%, with the consensus EPS estimate being $0.48.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how CSX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Operating Ratio: 39.1% compared to the 61.9% average estimate based on five analysts. Revenue per unit - Intermodal: $707 versus the four-analyst average estimate of $721.59. Volume - Rail - Merchandise - Chemicals: 174 thousand compared to the 167.66 thousand average estimate based on four analysts. Volume - Rail - Merchandise - Agricultural and Food Products: 115 thousand versus 115.47 thousand estimated by four analysts on average. Revenue- Intermodal: $506 million versus $523.91 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change. Revenue- Coal: $563 million versus the five-analyst average estimate of $573.63 million. The reported number represents a year-over-year change of -11.6%. Revenue- Total Merchandise- Chemicals: $722 million compared to the $688.02 million average estimate based on four analysts. The reported number represents a change of +12.5% year over year. Revenue- Total Merchandise- Agricultural and Food Products: $406 million versus the four-analyst average estimate of $417.75 million. The reported number represents a year-over-year change of -2.2%. Revenue- Total Merchandise- Automotive: $336 million compared to the $317.75 million average estimate based on four analysts. The reported number represents a change of +4% year over year. Revenue- Total Merchandise- Metals and Equipment: $230 million versus the four-analyst average estimate of $231.94 million. The reported number represents a year-over-year change of -4.2%. Revenue- Total Merchandise- Minerals: $207 million versus the four-analyst average estimate of $192.23 million. The reported number represents a year-over-year change of +8.4%. Revenue- Total Merchandise- Fertilizers: $126 million compared to the $129.56 million average estimate based on four analysts. The reported number represents a change of -1.6% year over year. View all Key Company Metrics for CSX here>>>Shares of CSX have returned +2.3% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CSX Corporation (CSX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks