CSX Expected to Earn 99 cents a Share

CSX Corporation (CSX - Get Report) is expected to report earnings of 99 cents a share on sales of $3.1 billion after the market closes on Jan. 16, based on a FactSet survey of 25 analysts. In the same period a year ago the company posted earnings of 64 cents a share on sales of $2.9 billion.

The stock has fallen 9.6% since the company last reported earnings on Oct. 16. Quarterly estimates have fallen less than 1 cent a share in the past month.

CSX is currently trading at a price-to-forward-earnings ratio of 15.3 based on the 12-month estimates of 28 analysts surveyed by FactSet.

Within the transportation sector, Delta (DAL - Get Report) topped estimates for the fourth quarter, but offered disappointing guidance for the first quarter of 2019. United Continental (UAL - Get Report) surged in after-hours trading after the company beat analyst earnings and revenue estimates. 

Wednesday is a busy day for bank earnings as well, with results due from Goldman Sachs Group Inc. (GS - Get Report) , PNC Financial Services Group Inc. (PNC - Get Report) Black Rock Inc. (BLK - Get Report) and Bank of New York Mellon Corp. (BNY - Get Report) among others.

JPMorgan Chase (JPM - Get Report) missed estimates for the first time in four years Tuesday on weaker-than-expected trading revenue and higher costs for loan-loss reserves.

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