CSX (CSX) will weigh in for the transportation industry after the close today with the release of its second quarter financial and operating results. A conference call to review those results will begin at 4:30 p.m. ET this afternoon.
S&P Capital IQ Consensus currently estimates that CSX will deliver EPS of $0.64 and revenues of $2.30 bln, which would represent a decline of about 24.8% yr/yr.
During its Q1 earnings press in late April, CSX withdrew its outlook in response to economic uncertainty connected to the COVID-19 pandemic.
TECHS:
CSX has a market cap of circa $56.3 bln and trades at roughly 21x forward earnings estimates, currently extending to new one-month highs.
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