CSX’s Q3 2016 Earnings Preview: Weakness In Shipment Volumes And Fuel Surcharge Revenue To Weigh On Results
We expect top line pressure as a result of weaker shipments and fuel surcharge revenue to adversely impact CSX’s Q3 2016 revenue and profits. A decline in shipments, led by a decline in the shipments of coal and petroleum-related products, will adversely impact the company’s Q3 revenue. A decline in the demand for coal from utilities, as a result of soft natural gas prices, has translated into a decline in CSX’s coal shipments. In addition, a decline in drilling activity amid subdued oil prices has negatively impacted the company’s petroleum-related shipments. Moreover, lower fuel prices are likely to adversely impact CSX’s fuel surcharge revenue. Though lower fuel-related expenses will partially offset the impact of top line headwinds on CSX’s profits, we expect the company to report a year-over-year decline in its EPS.
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Have more questions about CSX? See the links below.
- What Is CSX’s Revenue And EBITDA Breakdown?
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