CSX Q3 revenue beats estimates on higher fuel surcharges, freight volumes and pricing

By Reuters News


Overview

  • U.S. rail operator's Q3 revenue rose 12% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 rose 30% yr/yr

  • Revenue growth driven by higher fuel surcharges, volume, and pricing across segments


Outlook

  • CSX aims for continued operational progress toward best-in-class performance in 2027


Result Drivers

  • FUEL SURCHARGES - Co said higher fuel surcharge revenue contributed to Q3 revenue growth

  • HIGHER VOLUME - Co reported total volume up 5% yr/yr in Q3

  • PRICING GAINS - Co said improved pricing across merchandise, intermodal, and coal supported revenue


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$4.02 bln

$3.96 bln (19 Analysts)

Q3 Adjusted EPS

$0.44

Q3 EPS

$0.57

Q3 Net Income

$1.05 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the ground freight & logistics peer group is "buy"

  • Wall Street's median 12-month price target for CSX Corporation is $54.00, about 12.3% above its October 20 closing price of $48.08

  • The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 23 three months ago


Reuters Recommended Reads

  • Oct 21 - Wabtec Q3 adj EPS beats estimates, raises outlook

  • Oct 21 - Grupo Mexico opts out of Argentina cargo rail bid in blow to Milei privatization drive

  • Oct 20 - Truckload carrier Heartland Express' Q3 operating revenue falls more than expected


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.