CSX (CSX) reported earnings on Tue 12 Apr 16 (a/h)

** chart before earnings **

** charts after earnings **

 

Reported in-line bottom-line results for Q1 on light revenue.

CSX sees unfavorable Q2 outlook for most end markets; sees mid to high single digit volume decline :

• Sees Q2 EPS decline: consensus $0.49 vs. $0.56 last year
• Sees mid-to-high single digit volume decline in Q2 vs. -5% in Q1.
• Overall outlook for Q2 is down:
  • Favorable outlook in auto and minerals
  • Neutral: Intermodal (Competitive International losses offset strong Domestic growth) and phosphates/fertilizers
  • Unfavorable (~2/3): ag (strong USD low commodity prices), chemicals, domestic cola, export coal, food/consumer (excess truck capacity), forest, metals, waste.
• Reaffirmed FY16 EPS decline (consensus $1.81 vs. $1.95 last year).