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

CSX

Yesterday 21:11

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: ID:nGNXc311Rq

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

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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.)