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

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

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

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

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(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.)