CSX Corp. Stock
Pros and Cons of CSX Corp. in the next few years
Performance of CSX Corp. vs. its peers
|J.B. Hunt Transport Services Inc.||1.600%||-2.412%||1.540%||6.117%||8.497%||61.671%||76.238%|
|Union Pacific Corp.||0.310%||-1.774%||-4.587%||-6.649%||0.527%||17.175%||40.755%|
|Norfolk Southern Corp.||0.110%||-0.626%||-1.347%||-15.237%||-17.754%||4.044%||20.881%|
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The financials of CSX Corporation, a leading company in the Freight & Logistics Services industry with the US symbol CSX, paint a picture of a company that has shown steady growth and resilience amidst economic uncertainties. With strong year-over-year progression in their financials, CSX seems to be a solid investment option for investors seeking growth and stability in this sector. The following analysis delves deeper into the financial health of CSX, weighing in on both the positive and negative aspects of the company's financials.
Growing Revenue: CSX has consistently increased its revenue over the past three years, with the most notable growth occurring between 2020 and 2021. With $14,853,000,000 in total revenue in 2022 (yearly), the company has surpassed its 2020 revenue of $10,583,000,000, indicating a robust growth in this aspect.
Improving Net Income: The net income of CSX has also followed a consistent growth pattern during the past three years, increasing from $2,765,000,000 in 2020 to $3,781,000,000 in 2021, and further to $4,166,000,000 in 2022. This suggests that the company is effectively managing its expenses and generating more profits for shareholders.
CSX Corporation (NASDAQ: CSX) stock has been trying hard to get off a technical bottom, and the recovery might have gone off the rails. The Q2 results were less than expected and caused shares
Growing trends within the railroad market have the stocks in reversal. The combination of institutional support and analysts’ upgrades have the stocks at a bottom and moving higher with an