- CSX Corp. reports a net income of $646 million in Q1, missing analyst expectations.
- Wall Street analysts maintain optimistic price targets, with an average projected upside of nearly 24%.
- CSX holds an "Outperform" rating, reflecting favorable sentiment from brokerage firms.
CSX Corp. (CSX, Financial) recently announced its first-quarter earnings, with net income reaching $646 million, equating to 34 cents per share. This figure fell short of analysts' average expectations, which had projected earnings of 37 cents per share. Additionally, the company's revenue for the quarter was $3.42 billion, slightly missing the anticipated $3.48 billion.
Wall Street Analysts' Insights and Forecasts
Analyzing the one-year price forecasts from 25 analysts, CSX Corp (CSX, Financial) carries an average target price of $33.89. The projections vary, with a high estimate reaching $38.00 and a low of $27.00. The mean target suggests a potential upside of 23.92% from the current trading price of $27.35. Investors seeking more in-depth data can explore the CSX Corp (CSX) Forecast page for further insights.
According to consensus from 29 brokerage firms, CSX Corp's (CSX, Financial) average recommendation stands at 2.1, placing it in the "Outperform" category. This rating, on a scale from 1 to 5—where 1 means Strong Buy and 5 means Sell—illustrates a positive outlook from analysts.
Looking to GuruFocus estimates, the projected GF Value for CSX Corp (CSX, Financial) in the next year is $35.53. This estimation indicates an upside potential of 29.91% from the current price of $27.35. The GF Value is GuruFocus's estimate of the stock's fair trading value, derived from a combination of historical trading multiples, past business growth, and future business performance predictions. For more comprehensive details, visit the CSX Corp (CSX) Summary page.
