Overview

* CSX Q2 revenue falls 3% yr/yr to $3.57 bln, missing analyst expectations

* Operating income down 11% yr/yr, with EPS decreasing 10% yr/yr

* Co cites lower coal prices, reduced fuel surcharges for revenue decline

Outlook

* CSX focused on completing major infrastructure projects for growth

* Company notes uncertainty impacting select industrial markets

Result Drivers

* LOWER COAL PRICES - Revenue impacted by lower export coal prices, partially offset by higher merchandise pricing

* FUEL SURCHARGE REDUCTION - Reduced fuel surcharges contributed to the decline in revenue

* INTERMODAL GROWTH - Growth in intermodal volume helped offset some revenue declines

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $3.57 $3.58

Revenue bln bln (18

Analysts

)

Q2 EPS $0.44

Q2 Net $829 mln

Income

Q2 $1.28

Operatin bln

g income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 10 "hold" and no "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 Corp ( CSX ) is $36.00, about 2.1% above its July 22 closing price of $35.23

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

(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.)