CSX Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Author: Avi Kapoor | August 05, 2024 10:23am

CSX Corporation (NASDAQ:CSX) is expected to release earnings results for its second quarter, after the closing bell on Monday, Aug. 5.

Analysts expect the Jacksonville, Florida-based company to report quarterly earnings at 48 cents per share, down from 49 cents per share in the year-ago quarter. CSX is projected to report quarterly revenue of $3.7 billion, according to data from Benzinga Pro.

On July 10, CSX's board approved a 12 cents per share quarterly dividend on the Company’s common stock.

Chevron shares fell 2% to close at $34.08 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Benchmark analyst Nathan Martin reiterated a Buy rating with a price target of $40 on April 18. This analyst has an accuracy rate of 71%.
• UBS analyst Thomas Wadewitz maintained a Buy rating and cut the price target from $46 to $44 on April 18. This analyst has an accuracy rate of 77%.
• RBC Capital analyst Walter Spracklin maintained a Sector Perform rating and cut the price target from $37 to $36 on April 18. This analyst has an accuracy rate of 68%.
• Jefferies analyst Stephanie Moore maintained a Hold rating and cut the price target from $40 to $38 on April 18. This analyst has an accuracy rate of 65%.
• Stifel analyst Benjamin Nolan maintained a Buy rating and increased the price target from $37 to $39 on April 12. This analyst has an accuracy rate of 74%.

Read This Next:

• Wall Street’s Most Accurate Analysts’ Views On 3 Materials Stocks Delivering High-Dividend Yields

Posted In: CSX