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Benzinga
11 days

Top Wall Street Forecasters Revamp CSX Expectations Ahead Of Q1 Earnings

1. CSX to report Q1 earnings on April 16 at 37 cents per share. 2. Projected revenue expected to decline from $3.68 billion to $3.45 billion. 3. CSX raised quarterly dividend from 12 cents to 13 cents on February 12. 4. CSX shares decreased by 1.3% to $27.90 recently. 5. Analysts maintain positive ratings but cut price targets significantly.

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FAQ

Why Bearish?

The decline in earnings and revenue forecasts could depress CSX's stock price. Historical trends show similar revenue drops can lead to negative market sentiment.

How important is it?

The article addresses upcoming earnings, analyst ratings, and company performance metrics. These factors are critical for traders assessing CSX's financial health.

Why Short Term?

Immediate impacts relate primarily to upcoming earnings report and market expectations. Past earnings misses have led to short-term price declines, influencing investor sentiment quickly.

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