
CSX Stock Gains Ahead of Wednesday's Q2 Earnings
NEW YORK (TheStreet) -- CSX (CSX) - Get Report stock is up 0.53% to $26.67 this afternoon as the company prepares to report 2016 second quarter earnings on Wednesday after market close.
CSX is a Jacksonville, FL-based transportation company.
Analysts surveyed by Thomson Reuters estimate earnings of 44 cents per share on revenue of $2.703 billion for the second quarter of 2016.
For the 2015 second quarter, the company reported record earnings of 56 cents per share on revenue of $3.06 billion.
Coal is expected to decline 17% in 2016 for the U.S., according to the Energy Information Administration's June report. Production declined by 28% year-over-year in May.
Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B.
The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: CSX
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.










