CSX Misses Q4 Revenue, EPS Forecasts
Freight railroad operator (NASDAQ:CSX) reported fourth-quarter and full-year 2024 earnings on Thursday, Jan. 23, that missed analysts' consensus estimates. The company reported earnings per share (EPS) of $0.38, falling short of the forecast because it was impacted by a goodwill impairment charge. Revenue totaled $3.54 billion, slightly missing the $3.56 billion forecast, reflecting top-line pressures primarily due to drops in coal shipments and fuel surcharges. Revenue fell 4% year over year.
Overall, the company had a tough quarter, highlighted by specific challenges in the transportation sector, yet maintained a commitment to strategic focus areas.
Source: CSX. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
Source Fool.com
CSX Corp. Stock
The stock is one of the favorites of our community with 72 Buy predictions and 2 Sell predictions.
However, we have a potential of -4.76% for CSX Corp. as the target price of 42 € is below the current price of 44.1 €.
