CSX Q1 Earnings: This Stock Could Go Much Higher

Apr. 21, 2023 9:35 AM ETCSX Corporation (CSX) Stock, , , 15 Comments

Summary

  • CSX Corporation just reported in Q1 2023 earnings, which came in higher than expected, thanks to strong shipments, pricing benefits, and a lower operating ratio.
  • The company saw fantastic improvements in its operations and benefits from supply chain re-shoring investments.
  • While macroeconomic challenges remain vicious, I believe that any future correction provides a good buying opportunity for CSX stock, given the company's capabilities and valuation.

CSX dem Auto in Bewegung

Joel Carillet/iStock Unreleased via Getty Images

Introduction

After discussing the earnings of America's largest independent public railroad company, Union Pacific Corporation (UNP), it's time to dive into the earnings of its peer CSX Corporation (NASDAQ:

This article was written by

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Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of UNP, NSC, CP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Not financial advice.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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