CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities. In addition, the company provides intermodal services through a network of approximately 30 terminals transporting manufactured consumer goods in containers; and drayage services, including the pickup and delivery of intermodal shipments. It serves the automotive industry with distribution centers and storage locations, as well as connects non-rail served customers through transferring products, such as plastics and ethanol from rail to trucks. The company operates approximately 20,000 route mile rail network, which serves various population centers in 26 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec, as well as owns and leases approximately 3,500 locomotives. It serves production and distribution facilities through track connections. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.

CSX Corporation

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in CSX Corp (Symbol: CSX), where a total volume of 75,205 contracts has been traded thus far today, a contract volume which is representative of approximately 7.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.4% of CSX's average daily trading volume over the past month, of 17.0 million shares. Particularly high volume was seen for the $37.50 strike call option expiring January 16, 2026, with 26,297 contracts trading so far today, representing approximately 2.6 million underlying shares of CSX. Below is a chart showing CSX's trailing twelve month trading history, with the $37.50 strike highlighted in orange:
Block Inc (Symbol: XYZ) saw options trading volume of 73,424 contracts, representing approximately 7.3 million underlying shares or approximately 44.3% of XYZ's average daily trading volume over the past month, of 16.6 million shares. Particularly high volume was seen for the $81 strike call option expiring July 25, 2025, with 16,992 contracts trading so far today, representing approximately 1.7 million underlying shares of XYZ. Below is a chart showing XYZ's trailing twelve month trading history, with the $81 strike highlighted in orange:
And PayPal Holdings Inc (Symbol: PYPL) options are showing a volume of 38,208 contracts thus far today. That number of contracts represents approximately 3.8 million underlying shares, working out to a sizeable 41.1% of PYPL's average daily trading volume over the past month, of 9.3 million shares. Particularly high volume was seen for the $78 strike call option expiring July 25, 2025, with 3,774 contracts trading so far today, representing approximately 377,400 underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $78 strike highlighted in orange:
For the various different available expirations for CSX options, XYZ options, or PYPL options, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Friday Option Activity: CSX, XYZ, PYPL

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CSX (CSX) Q2 2025 Earnings Call Transcript

CSX (CSX) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.76%. A quarter ago, it was expected that this freight railroad would post earnings of $0.37 per share when it actually produced earnings of $0.34, delivering a surprise of -8.11%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
CSX, which belongs to the Zacks Transportation - Rail industry, posted revenues of $3.57 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 0.25%. This compares to year-ago revenues of $3.7 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
CSX shares have added about 9.2% since the beginning of the year versus the S&P 500's gain of 7.3%.
What's Next for CSX?
While CSX has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for CSX was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.44 on $3.6 billion in revenues for the coming quarter and $1.65 on $14.25 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Rail is currently in the top 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Union Pacific (UNP), is yet to report results for the quarter ended June 2025. The results are expected to be released on July 24.
This railroad is expected to post quarterly earnings of $2.89 per share in its upcoming report, which represents a year-over-year change of +5.5%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.
Union Pacific's revenues are expected to be $6.11 billion, up 1.7% from the year-ago quarter.
Should You Invest in CSX Corporation (CSX)?
Before you invest in CSX Corporation (CSX), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

CSX (CSX) Beats Q2 Earnings Estimates

(RTTNews) - CSX Corp (CSX) announced a profit for second quarter that Drops, from last year but beat the Street estimates.
The company's bottom line came in at $829 million, or $0.44 per share. This compares with $963 million, or $0.49 per share, last year.
Analysts on average had expected the company to earn $0.42 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 3.4% to $3.574 billion from $3.701 billion last year.
CSX Corp earnings at a glance (GAAP) :
-Earnings: $829 Mln. vs. $963 Mln. last year. -EPS: $0.44 vs. $0.49 last year. -Revenue: $3.574 Bln vs. $3.701 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

CSX Corp Bottom Line Falls In Q2, But Beats Estimates

CSX (NASDAQ:CSX) is scheduled to announce its earnings on Wednesday, July 23, 2025. Historically, CSX has shown a positive one-day return in 65% of instances following its earnings announcements over the past five years. The median positive return on these days was 2.6%, with a maximum one-day positive return of 4.3%.
For event-driven traders, understanding these historical patterns can provide a strategic advantage, though actual results against consensus estimates will be a primary driver. There are two main approaches to consider:
Pre-Earnings Positioning: Based on historical odds, you could choose to open a position before the earnings release.
Post-Earnings Positioning: Alternatively, you could analyze the correlation between immediate and medium-term returns after the earnings are released and then position yourself accordingly.
Current consensus estimates for CSX’s upcoming earnings report are $0.41 per share on sales of $3.57 billion. This compares to earnings of $0.49 per share on sales of $3.7 billion in the same quarter last year.
From a fundamental perspective, CSX currently has a market capitalization of $65 billion. Over the last twelve months, the company reported revenues of $14 billion, with $5.1 billion in operating profits and a net income of $3.2 billion.
That said, if you seek upside with lower volatility than individual stocks, the Trefis High Quality portfolio presents an alternative — having outperformed the S&P 500 and generated returns exceeding 91% since its inception.
CSX’s Historical Odds Of Positive Post-Earnings Return
Some observations on one-day (1D) post-earnings returns:
There are 20 earnings data points recorded over the last five years, with 13 positive and 7 negative one-day (1D) returns observed. In summary, positive 1D returns were seen about 65% of the time.
However, this percentage decreases to 64% if we consider data for the last 3 years instead of 5.
Median of the 13 positive returns = 2.6%, and median of the 7 negative returns = -3.2%
Additional data for observed 5-Day (5D), and 21-Day (21D) returns post earnings are summarized along with the statistics in the table below.
Correlation Between 1D, 5D, and 21D Historical Returns
A relatively less risky strategy (though not useful if the correlation is low) is to understand the correlation between short-term and medium-term returns post earnings, find a pair that has the highest correlation, and execute the appropriate trade. For example, if 1D and 5D show the highest correlation, a trader can position themselves “long” for the next 5 days if 1D post-earnings return is positive. Here is some correlation data based on 5-year and 3-year (more recent) history. Note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and subsequent 5D returns.
Learn more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (combination of all 3, the S&P 500, S&P mid-cap, and Russell 2000), to produce strong returns for investors. Separately, if you want upside with a smoother ride than an individual stock like CSX, consider the High Quality portfolio, which has outperformed the S&P, and clocked >91% returns since inception.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

How To Trade CSX Stock Ahead of Its Upcoming Earnings?

The following companies are expected to report earnings after hours on 07/23/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
Alphabet Inc. (GOOGL)is reporting for the quarter ending June 30, 2025. The internet services company's consensus earnings per share forecast from the 17 analysts that follow the stock is $2.15. This value represents a 13.76% increase compared to the same quarter last year. In the past year GOOGL has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 39.11%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for GOOGL is 19.95 vs. an industry ratio of 25.10.
Tesla, Inc. (TSLA)is reporting for the quarter ending June 30, 2025. The auto (domestic) company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.29. This value represents a 30.95% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for TSLA is 249.71 vs. an industry ratio of 17.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Alphabet Inc. (GOOG)is reporting for the quarter ending June 30, 2025. The internet services company's consensus earnings per share forecast from the 17 analysts that follow the stock is $2.15. This value represents a 13.76% increase compared to the same quarter last year. In the past year GOOG has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 39.11%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for GOOG is 20.07 vs. an industry ratio of 25.10.
T-Mobile US, Inc. (TMUS)is reporting for the quarter ending June 30, 2025. The wireless (national) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.69. This value represents a 8.03% increase compared to the same quarter last year. In the past year TMUS has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 5.31%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for TMUS is 22.03 vs. an industry ratio of 15.60, implying that they will have a higher earnings growth than their competitors in the same industry.
International Business Machines Corporation (IBM)is reporting for the quarter ending June 30, 2025. The computer company's consensus earnings per share forecast from the 7 analysts that follow the stock is $2.64. This value represents a 8.64% increase compared to the same quarter last year. In the past year IBM has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 12.68%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for IBM is 25.77 vs. an industry ratio of 22.70, implying that they will have a higher earnings growth than their competitors in the same industry.
ServiceNow, Inc. (NOW)is reporting for the quarter ending June 30, 2025. The information technology services company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.70. This value represents a 21.43% increase compared to the same quarter last year. In the past year NOW has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 14.36%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for NOW is 104.61 vs. an industry ratio of 42.20, implying that they will have a higher earnings growth than their competitors in the same industry.
O'Reilly Automotive, Inc. (ORLY)is reporting for the quarter ending June 30, 2025. The wholesale retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.77. This value represents a 10.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for ORLY is 32.77 vs. an industry ratio of 23.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Chipotle Mexican Grill, Inc. (CMG)is reporting for the quarter ending June 30, 2025. The restaurant company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.32. This value represents a 5.88% decrease compared to the same quarter last year. In the past year CMG has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 3.57%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for CMG is 43.65 vs. an industry ratio of -79.10, implying that they will have a higher earnings growth than their competitors in the same industry.
CSX Corporation (CSX)is reporting for the quarter ending June 30, 2025. The transportation (rail) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.42. This value represents a 14.29% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for CSX is 21.35 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
United Rentals, Inc. (URI)is reporting for the quarter ending June 30, 2025. The building company's consensus earnings per share forecast from the 10 analysts that follow the stock is $10.54. This value represents a 1.50% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for URI is 18.13 vs. an industry ratio of 20.80.
Crown Castle Inc. (CCI)is reporting for the quarter ending June 30, 2025. The reit company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.94. This value represents a 41.98% decrease compared to the same quarter last year. In the past year CCI has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 14.58%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for CCI is 27.84 vs. an industry ratio of 12.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Waste Connections, Inc. (WCN)is reporting for the quarter ending June 30, 2025. The waste removal company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.25. This value represents a 0.81% increase compared to the same quarter last year. WCN missed the consensus earnings per share in the 4th calendar quarter of 2024 by -3.33%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for WCN is 35.67 vs. an industry ratio of 31.20, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After-Hours Earnings Report for July 23, 2025 : GOOGL, TSLA, GOOG, TMUS, IBM, NOW, ORLY, CMG, CSX, URI, CCI, WCN

(RTTNews) - CSX Corp (CSX) will host a conference call at 4:30 PM ET on July 23, 2025, to discuss Q2 25 earnings results.
To access the live webcast, log on to https://investors.csx.com/news-and-events/events-and-presentations/default.aspx
To listen to the call, dial 1-888-510-2008 (US) or 1-646-960-0306 (International), Passcode 3368220.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

CSX Corp Q2 25 Earnings Conference Call At 4:30 PM ET

The S&P 500 Index ($SPX) (SPY) today is down -0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.36%. September E-mini S&P futures (ESU25) are down -0.17%, and September E-mini Nasdaq futures (NQU25) are down -0.37%.
Stock indexes today are moving lower on some disappointing quarterly earnings results. NXP Semiconductors is down more than -2% to lead chip makers lower and weigh on the overall market after issuing a Q3 revenue forecast that missed some bullish analysts’ estimates. Also, Lockheed Martin is down more than -7% after reporting weaker-than-expected Q2 net sales and cutting its full-year EPS estimate. In addition, Sherwin-Williams is down more than -2% after reporting Q2 adjusted EPS below the consensus, and cutting its full-year adjusted EPS estimate.
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On the positive side, D.R. Horton is up more than +10% to lead homebuilders higher after reporting stronger-than-expected Q3 net sales and raising its full-year revenue forecast. Also, Northrop Grumman is up more than +9% after boosting its full-year adjusted EPS forecast. In addition, bond yields fell from overnight highs and were slightly lower after Treasury Secretary Bessent said, “He sees no reason for Fed Chair Powell to step down right now.” The 10-year T-note yield is down -1 bp to 4.36%
Recent trade news has put some downward pressure on stocks. Last Wednesday, President Trump announced that he intends to send a tariff letter to more than 150 countries, notifying them that their tariff rates could be 10% or 15%, effective August 1. Also, President Trump recently announced that the US will impose 30% tariffs on US imports from the European Union and Mexico, effective August 1. In addition, Mr. Trump said that a 35% tariff on some Canadian products would take effect on August 1, up from the current 25%.
The markets this week will focus on any tariff news along with the announcement of any new trade deals. On Wednesday, June existing home sales are expected to fall -0.7% m/m to 4.00 million. On Thursday, weekly initial unemployment claims are expected to climb by +6,000 to 227,000. Also, the July S&P US manufacturing PMI is expected to slip -0.4 to 52.5. Finally, on Thursday, June new home sales are expected to climb +4.3% m/m to 650,000. On Friday, June capital goods new orders nondefense ex-aircraft and parts are expected to increase by +0.2% m/m.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 58% at the following meeting on September 16-17.
The markets are awaiting a heavy slate of quarterly corporate earnings results this week, including Alphabet and Tesla on Wednesday. About one-fifth of the companies in the S&P 500 are expected to report their Q2 earnings results this week. Early results now show S&P 500 earnings are on track to rise +3.2% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.
Overseas stock markets today are mixed. The Euro Stoxx 50 fell to a 2-week low and is down -0.64%. China’s Shanghai Composite climbed to a 9.5-month high and closed up +0.62%. Japan’s Nikkei Stock 225 fell from a 3-week high and closed down -0.11%.
Interest Rates
September 10-year T-notes (ZNU25) today are up +2 ticks. The 10-year T-note yield is down -1.4 bp to 4.364%. T-notes recovered from overnight losses and moved higher as short covering emerged on comments from Treasury Secretary Bessent, who said “he sees no reason for Fed Chair Powell to step down right now.” T-notes were under pressure due to concerns that President Trump would try to fire Powell, which could send bond yields sharply higher as investors question the Fed’s independence. T-notes also garnered carryover support today from a rally in 10-year German bunds to a 2-week high.
European government bond yields today are moving lower. The 10-year German bund yield fell to a 2-week low of 2.600% and is down -1.0 bp to 2.603%. The 10-year UK gilt yield is down -0.6 bp to 4.597%.
The ECB’s quarterly Bank Lending Survey stated that “Loan demand was supported by declining interest rates, but dampened by global uncertainty and trade tensions, and while lenders saw a 'slight net increase' in loan demand in Q2, the uptake remained weak overall.”
Swaps are discounting the chances at 1% for a -25 bp rate cut by the ECB at Thursday’s policy meeting.
US Stock Movers
Weakness in chip stocks is a negative factor for stocks today, with NXP Semiconductors NV (NXPI) down more than -2% after forecasting Q3 revenue of $3.05 billion to $3.25 billion, below the whisper number of $3.30 billion. Also, ARM Holdings Plc (ARM) and Advanced Micro Devices (AMD) are down more than -4%, and Nvidia (NVDA), Broadcom (AVGO), Lam Research (LRCX), and Micron Technology (MU) are down more than +3%. In addition, Marvell Technology (MRVL), Applied Materials (AMAT), and KLA Corp (KLAC) are down more than -2%.
Phillip Morris International (PM) is down more than -7% to lead losers in the S&P 500 after forecasting full-year organic revenue to climb +6% to +8%, weaker than the consensus of +8.29%.
Lockheed Martin (LMT) is down more than -7% after reporting Q2 net sales of $18.16 billion, weaker than the consensus of $18.53 billion, and cut its full-year EPS estimate to $21.70-$22.00 from a previous estimate of $27.00-$27.30.
Equifax (EFX) is down more than -7% after forecasting Q3 adjusted EPS of $1.87-$1.97, below the consensus of $1.99.
General Motors (GM) is down more than -6% after forecasting full-year adjusted EBIT of $10.00 billion to $11.37 billion, with the midpoint below the consensus of $11.37 billion.
RTX Corp (RTX) is down more than -3% after cutting its full-year adjusted EPS forecast to $5.80-$5.95 from a previous forecast of $6.00-$6.15, weaker than the consensus of $5.98.
Sherwin-Williams (SHW) is down more than -2% after reporting Q2 adjusted EPS of $3.38, weaker than the consensus of $3.81, and cutting its full-year adjusted EPS estimate to $11.20-$11.50 from a previous estimate of $11.65-$12.05, below the consensus of $11.87.
D.R. Horton (DHI) is up more than +10% to lead homebuilders higher after reporting Q3 net sales of 23,071, better than the consensus of 22,017, and raising its full-year revenue forecast to $33.7 billion-$34.2 billion from a previous estimate of $33.3 billion-$34.8 billion, the midpoint above the consensus of $33.84 billion. Also, PulteGroup (PHM) is up more than +7%, Lennar (LEN) is up more than +6%, and Toll Brothers (TOL) is up more than +4%.
IQVIA Holdings (IQV) is up more than +14% to lead gainers in the S&P 500 after reporting Q2 revenue of $4.02 billion, above the consensus of $3.96 billion.
Northrop Grumman (NOC) is up more than +9% after boosting its full-year adjusted EPS forecast to $25.00-$25.40 from a previous forecast of $24.95-$25.35, the midpoint above the consensus of $25.17.
PACCAR Inc. (PCAR) is up more than +4% to lead gainers in the Nasdaq 100 after raising the lower end of its full-year capex estimate to $750 million-$800 million from a previous forecast of $700 million-$800 million.
CSX Corp (CSX) is up more than +2% after Semafor reported that BNSF is working with Goldman Sachs to explore a takeover of a rival.
Calix (CALX) is up more than +1% after reporting Q2 adjusted EPS of 33 cents, better than the consensus of 21 cents, and forecasting Q3 adjusted EPS of 31 cents-37 cents, stronger than the consensus of 23 cents.
Earnings Reports (7/22/2025)
Avery Dennison Corp (AVY), Baker Hughes Co (BKR), Capital One Financial Corp (COF), Chubb Ltd (CB), Coca-Cola Co/The (KO), CoStar Group Inc (CSGP), Danaher Corp (DHR), DR Horton Inc (DHI), Enphase Energy Inc (ENPH), EQT Corp (EQT), Equifax Inc (EFX), General Motors Co (GM), Genuine Parts Co (GPC), Halliburton Co (HAL), Interpublic Group of Cos Inc/The (IPG), Intuitive Surgical Inc (ISRG), Invesco Ltd (IVZ), IQVIA Holdings Inc (IQV), KeyCorp (KEY), Lockheed Martin Corp (LMT), MSCI Inc (MSCI), Northrop Grumman Corp (NOC), PACCAR Inc (PCAR), Pentair PLC (PNR), Philip Morris International In (PM), PulteGroup Inc (PHM), Quest Diagnostics Inc (DGX), RTX Corp (RTX), Sherwin-Williams Co/The (SHW), Synchrony Financial (SYF), Texas Instruments Inc (TXN).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Pressured by Chip Stock Weakness

The upcoming report from CSX (CSX) is expected to reveal quarterly earnings of $0.42 per share, indicating a decline of 14.3% compared to the year-ago period. Analysts forecast revenues of $3.58 billion, representing a decline of 3.2% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some CSX metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Revenue- Coal' to reach $473.84 million. The estimate points to a change of -15.8% from the year-ago quarter.
The consensus estimate for 'Revenue- Intermodal' stands at $504.37 million. The estimate indicates a change of -0.3% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Merchandise- Fertilizers' will reach $131.83 million. The estimate indicates a change of +4.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Merchandise- Chemicals' will likely reach $720.80 million. The estimate indicates a change of -0.2% from the prior-year quarter.
The consensus among analysts is that 'Operating Margin' will reach 65.8%. The estimate compares to the year-ago value of 39.1%.
Analysts expect 'Revenue per unit - Intermodal' to come in at $684.74 . Compared to the present estimate, the company reported $707.00 in the same quarter last year.
Analysts predict that the 'Volume - Merchandise - Automotive' will reach 100.54 thousand. The estimate compares to the year-ago value of 105.00 thousand.
Analysts' assessment points toward 'Volume - Merchandise - Minerals' reaching 95.83 thousand. The estimate is in contrast to the year-ago figure of 97.00 thousand.
Based on the collective assessment of analysts, 'Volume - Coal' should arrive at 177.10 thousand. The estimate compares to the year-ago value of 179.00 thousand.
The collective assessment of analysts points to an estimated 'Volume - Merchandise - Fertilizers' of 50.56 thousand. Compared to the present estimate, the company reported 50.00 thousand in the same quarter last year.
According to the collective judgment of analysts, 'Volume - Merchandise - Metals and Equipment' should come in at 67.83 thousand. The estimate compares to the year-ago value of 68.00 thousand.
The average prediction of analysts places 'Volume - Merchandise - Agricultural and Food Products' at 117.85 thousand. The estimate is in contrast to the year-ago figure of 115.00 thousand.
View all Key Company Metrics for CSX here>>>
Shares of CSX have experienced a change of +7% in the past month compared to the +5.4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CSX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

CSX (CSX) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates

The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.54%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.52%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.74%. September E-mini S&P futures (ESU25) rose +0.59%, and September E-mini Nasdaq futures (NQU25) rose +0.77%.
Stocks rallied on Thursday, with the S&P 500 and Nasdaq 100 indexes posting new record highs. Signs that the US economy is holding up, despite tariff uncertainty, boosted stocks. Positive economic news Thursday included a decline in weekly jobless claims to a 3-month low, a stronger-than-expected retail sales report, and a rise in the Philadelphia Fed index to a 5-month high.
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Stocks added to their gains Thursday afternoon on dovish comments from San Francisco Fed President Mary Daly, who said the most recent set of rate projections from Fed officials, issued in June, offered a "reasonable outlook" in pointing to two 25 bp rate cuts by year's end. She added that the Fed should not wait too long before moving on rates, because if they wait until inflation is 2%, they've "likely injured the economy in some way that was completely unnecessary."
On the negative side, health insurers retreated on Thursday, led by a -12% plunge in Elevance Health after the company cut its earnings outlook for the year. Also, hawkish comments from Fed Governor Adriana Kugler were bearish for stocks when she said the Fed should keep interest rates on hold "for some time," citing accelerating inflation as tariffs start to boost prices.
US weekly initial unemployment claims unexpectedly fell -7,000 to a 3-month low of 221,000, showing a stronger labor market than expectations of an increase to 233,000.
US June retail sales rose +0.6% m/m, stronger than expectations of +0.1% m/m, and June retail sales ex-autos rose +0.5% m/m, stronger than expectations of +0.3% m/m.
The US June import price index ex-petroleum was unchanged m/m, weaker than expectations of +0.2% m/m.
The US July Philadelphia Fed business outlook survey rose +19.9 to a 5-month high of 15.9, stronger than expectations of -1.0.
The US July NAHB housing market index rose +1 to 33, right on expectations.
On the trade front, President Trump said late Wednesday that he intends to send a tariff letter to more than 150 countries notifying them their tariff rates could be 10% or 15%, effective August 1, and that the group was "not big countries who don't do that much business with the US."
Also, signs that the US could ease some of its export restrictions on semiconductor chips to China are bullish for chip makers. Commerce Secretary Lutnick said Nvidia could soon resume sales of its less advanced H20 chips to China, and Advanced Micro Devices received similar assurances from the Commerce Department, a sign that the US may be in the process of negotiating a grand trade deal with China. Treasury Secretary Bessent is expected to meet his Chinese counterpart, Vice Premier He Lifeng, within "the next couple of weeks" and signaled the US will likely extend an August 12 deadline for the easing of sky-high tariffs.
However, stocks were undercut by negative trade news that emerged last week and during this past weekend. Over the weekend, President Trump announced that the US will impose 30% tariffs on US imports from the European Union and Mexico, effective August 1. Mr. Trump said last Thursday that a 35% tariff on some Canadian products would take effect on August 1, up from the current 25%. Last week, Mr. Trump imposed a 50% tariff on copper imports, which will include semi-finished goods, and stated that drug companies could face tariffs as high as 200% on imports if they don't relocate production to the US within the next year.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 58% at the following meeting on September 16-17.
The markets will focus on any fresh news regarding tariffs or trade deals during the remainder of this week. On Friday, June housing starts are expected to climb +3.6% m/m to 1.300 million, and June building permits are expected to slip -0.5% m/m to 1.387 million. Also, the University of Michigan's US July consumer sentiment index is expected to climb +0.8 to 61.5.
Earnings season began in earnest this week with a focus on big bank earnings results. The consensus is for S&P 500 companies to show Q2 earnings growth of +2.8% y/y, the smallest increase in two years, according to Bloomberg Intelligence. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.
Overseas stock markets on Thursday settled higher. The Euro Stoxx 50 closed up +1.49%. China's Shanghai Composite closed up +0.37%. Japan's Nikkei Stock 225 closed up +0.60%.
Interest Rates
September 10-year T-notes (ZNU25) on Thursday closed down -3.5 ticks. The 10-year T-note yield rose +0.8 bp to 4.463%. T-notes on Thursday posted modest losses following stronger-than-expected US economic news, including June retail sales, weekly initial unemployment claims, and the July Philadelphia Fed manufacturing survey, which signaled a hawkish tone for Fed policy. Also, Thursday's rally in the S&P 500 to a new all-time high reduced safe-haven demand for T-notes. In addition, hawkish comments from Fed Governor Adriana Kugler weighed on T-notes when she said the Fed should keep interest rates on hold "for some time." Finally, rising inflation expectations undercut T-notes when the 10-year breakeven inflation rate rose to a 4.75-month high of 2.450% on Thursday.
Losses in T-notes were limited Thursday on carryover support from late Wednesday when President Trump said he has "no plans" on firing Fed Chair Powell. T-notes also found support on signs of easing price pressures after Thursday's news showed the June import price index ex-petroleum rose less than expected.
European government bond yields on Thursday were mixed. The 10-year German bund yield fell -1.3 bp to 2.675%. The 10-year UK gilt yield rose to a 6-week high of 4.678% and finished up +1.7 bp to 4.655%.
Swaps are discounting the chances at 1% for a -25 bp rate cut by the ECB at the July 24 policy meeting.
US Stock Movers
United Airlines Holdings (UAL) closed up more than +3% to lead airline stocks higher after CEO Kirby said the second half of the year has become more predictable and the company has potential "upside" to beat its earnings targets as customers returned to booking flights. Also, Alaska Air Group (ALK) closed up more than +3% and American Airlines Group (AAL) closed up more than +2%. In addition, Delta Air Lines (DAL) closed up more than +1%.
PepsiCo (PEP) closed up more than +7% to lead gainers in the Nasdaq 100 after reporting Q2 net revenue of $22.73 billion, above the consensus of $22.32 billion.
Snap-on (SNA) closed up more than +7% after reporting Q2 net sales of $1.18 billion, stronger than the consensus of $1.16 billion.
Steven Madden Ltd (SHOO) closed up more than +6% after Citigroup upgraded the stock to buy from neutral with a price target of $32.
CSX Corp (CSX) closed up more than +4% after Semafor reported that Union Pacific is exploring an acquisition of the company.
Travelers Cos (TRV) closed up more than +3% to lead gainers in the Dow Jones Industrials after reporting Q1 core EPS of $6.51, well above the consensus of $3.60.
Mondelez International (MDLZ) closed up more than +3% after Jefferies upgraded the stock to buy from hold with a price target of $78.
Health insurance providers are sliding today, led by a -12% plunge in Elevance Health (ELV) to lead losers in the S&P 500 after cutting its earnings outlook for the year to "approximately" $30 per share, well below a previous forecast of $34.15 to $34.85 per share. Also, Molina Healthcare (MOH) closed down more than -5% and Centene (CNC) closed down more than -4%. In addition, Cigna Group (CI) closed down more than -2% and Humana (HUM) closed down more than -1%. Finally, UnitedHealth Group (UNH) closed down more than -1% to lead losers in the Dow Jones Industrials.
Sonic Automotive (SAH) closed down -10% after JPMorgan Chase downgraded the stock to underweight from overweight with a price target of $72.
Abbott Laboratories (ABT) closed down more than -8% after reporting Q2 organic sales of +6.90%, below the consensus of +7.03% and forecasting full-year organic sales of +6% to +7%, weaker than the consensus of +7.37%.
Starwood Property Trust (STWD) closed down more than -5% after selling over 25.5 million shares of its common stock in an underwritten public offering overnight between $19.91 to $20.33 a share, below Wednesday's closing price of $20.85.
Shake Shack (SHAK) closed down more than -1% after Jeffries downgraded the stock to underperform from hold with a price target of $120.
Zoetis (ZTS) closed down -1% after Leerink Partners downgraded the stock to market perform from outperform.
Earnings Reports (7/18/2025)
3M Co (MMM), Ally Financial Inc (ALLY), American Express Co (AXP), Charles Schwab Corp/The (SCHW), Comerica Inc (CMA), Euronet Worldwide Inc (EEFT), Huntington Bancshares Inc/OH (HBAN), MarketAxess Holdings Inc (MKTX), Regions Financial Corp (RF), Schlumberger NV (SLB), Southern Copper Corp (SCCO), Truist Financial Corp (TFC).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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