CSX Corporation (CSX) 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) topped estimates for the fourth quarter, but offered disappointing guidance for the first quarter of 2019. United Continental (UAL) 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) , PNC Financial Services Group Inc. (PNC) Black Rock Inc. (BLK) and Bank of New York Mellon Corp. (BNY) among others.
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