Analysts assess how well a firm matches consensus expectations when estimating future earnings. Thus, the surprise history should be examined to determine its impact on the forthcoming figure.
CSX recorded $0.42 per share earnings in the latest quarter, as predicted. Two times in the previous four quarters, the firm beat consensus EPS projections.
A stock may move up or down without an earnings beat or miss. Despite an earnings beat, several companies fall owing to market disappointment. Many equities rise despite earnings misses due to unexpected triggers.
Betting on stocks projected to outperform earnings estimates increases success odds. Checking a company's Earnings ESP and Zacks Rank before a quarterly release is wise. Our Earnings ESP Filter will help you find the best stocks to buy or sell before reporting.
CSX might beat earnings. Investors should consider other variables before betting on or avoiding this stock before its earnings announcement.
Canadian National (CNI), another Zacks Transportation - Rail stock, is predicted to report $1.45 per share profits for the quarter ended December 2023
This estimate shows a -6.5% year-over-year change. We predict quarterly revenues of $3.23 billion, down 3.5% from last year.
Over the past 30 days, the consensus CN EPS projection has dropped 0.5%. However, a greater Most Accurate Estimate yielded 0.41% Earnings ESP.