Overview

* CSX Corp ( CSX ) Q3 revenue beats analyst expectations despite a 1% yr/yr decline

* Adjusted operating income for Q3 was $1.25 bln

* A non-cash goodwill impairment impacts net earnings

Outlook

* CSX aims to leverage operational strength for long-term growth

* Company highlights opportunities to leverage operational strength

Result Drivers

* EXPORT COAL PRICES - Decrease in revenue attributed to lower export coal prices

* INTERMODAL VOLUME GROWTH - Increase in intermodal volume helped offset revenue decline

* GOODWILL IMPAIRMENT - Non-cash goodwill impairment impacted net earnings

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $3.59 $3.57

Revenue beat bln bln (19

Analysts

)

Q3 EPS $0.37

Q3 Net $694 mln

Income

Q3 $1.09

Operatin bln

g income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 8 "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 $39.00, about 7.1% above its October 15 closing price of $36.24

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

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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.)