NASDAQ$CSX

CSX Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

CSX Announced Third Quarter 2020 Financial Results and Authorized Additional Share Buyback

CSX Corp. reported net earnings of $736 million, or $0.96 per share, for the third quarter of 2020, compared to $856 million, or $1.08 per share, in the same period last year. Revenue for the third quarter decreased 11 percent year over year to $2.65 billion.

  • Net earnings for Q3 2020 were $736 million, or $0.96 per share.
  • Q3 2020 operating ratio of 56.9 percent remained in line with the prior year’s record results.
  • Revenue for Q3 decreased 11 percent year over year to $2.65 billion.
  • The Board authorized a new share repurchase program, providing $5 billion of incremental authority.

Headline financials

Total Revenue

$2.65B

Previous: $2.98B-11.1%
EPS (adj)

$0.32

Previous: $0.36-11.1%
Capital Expenditures

-$1.21B

Previous: -$1.19B-1.5%
Free Cash Flow

-$473M

Previous: -$335M-41.2%
Net Income

$736M

Previous: $856M-14.0%
Operating Income

$1.14B

Previous: $1.29B-11.3%
Gross Profit

$1.14B

Previous: -$223M+611.7%
Cash & Equivalents

$2.9B

Previous: $1.52B+90.5%
Total Assets

$39.4B

Previous: $38.8B+1.7%

Revenue & EPS history

CSX · Revenue · Quarterly

$2.65B

Q3 2020-11.1%vs Q3 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company did not provide specific forward guidance in this report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.8%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.8%

Avg return

30 days after

57%

42 / 74 earnings

Positive

+9.2%

Q1 2008

Best reaction

-9.1%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%+4.7%+5.4%
Q4 2025-0.8%+4.5%+18.3%
Q3 2025+1.8%-0.2%-3.0%
Q2 2025+0.1%+1.3%-1.1%
Q1 2025+1.2%+1.6%+14.5%
Q4 2024-2.9%-2.0%-4.1%
Q3 2024-6.8%-5.2%-1.0%
Q2 2024-0.6%-0.2%+2.3%
Q1 2024-1.3%-0.6%-3.8%
Q4 2023+0.3%+2.0%+9.9%
Q3 2023+0.3%-3.2%+3.1%
Q2 2023-4.0%-1.9%-8.7%
Q1 2023+4.1%+1.1%+5.7%
Q4 2022-5.4%-6.2%-3.5%
Q3 2022-1.4%+3.0%+10.6%
Q2 2022+4.3%+5.5%+13.8%
Q1 2022+2.9%-1.8%-12.3%
Q4 2021-3.3%-4.3%-1.7%
Q3 2021+2.6%+4.7%+5.8%
Q2 2021+4.8%+5.5%+8.2%
Q1 2021+4.0%+4.5%-0.4%
Q4 2020-6.0%-6.8%-1.2%
Q3 2020+2.0%-1.6%+14.2%
Q2 2020-1.2%-1.2%+2.3%
Q1 2020+3.3%+11.7%+15.2%
Q4 2019+1.9%-0.2%+6.1%
Q3 2019+0.9%+2.3%+3.5%
Q2 2019-9.1%-10.4%-17.9%
Q1 2019+4.0%+4.1%+3.1%
Q4 2018+0.0%+3.5%+11.4%
Q3 2018-0.2%-4.1%+1.9%
Q2 2018+7.8%+8.5%+14.8%
Q1 2018+8.2%+6.4%+12.6%
Q4 2017-2.6%-3.0%-6.2%
Q3 2017+1.6%+3.2%-5.1%
Q2 2017-5.1%-5.4%-10.5%
Q1 2017+6.3%+7.5%+8.0%
Q4 2016-4.9%+14.3%+22.9%
Q3 2016+2.2%+1.8%+13.5%
Q2 2016+7.4%+5.4%+3.8%
Q1 2016+6.1%
Q4 2015-5.0%
Q3 2015-4.2%
Q2 2015+1.6%
Q1 2015-0.7%
Q4 2014-0.7%
Q3 2014+4.0%
Q2 2014+0.6%
Q1 2014-2.1%
Q4 2013-5.7%
Q3 2013-0.5%
Q2 2013+3.2%
Q1 2013+0.3%
Q4 2012+3.7%
Q3 2012-1.3%
Q2 2012+0.1%
Q1 2012+1.3%
Q4 2011-1.2%
Q3 2011+7.1%
Q2 2011+1.3%
Q1 2011-1.9%
Q4 2010-2.6%
Q3 2010+0.3%
Q2 2010-3.5%
Q1 2010+0.5%
Q4 2009+0.8%
Q3 2009-2.9%
Q3 2008-2.9%
Q2 2008+6.5%
Q2 2009+6.5%
Q4 2007+9.2%
Q4 2008+9.2%
Q1 2009+9.2%
Q1 2008+9.2%

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