Most Class 1s Likely to Announce Earnings Gains

Fourth quarter financial results for publicly traded Class I railroads will begin being released today and Wall Street analysts are expecting earnings to rise collectively by 5.5 percent.

CSX and Union Pacific will be first to release their earnings with CSX expected to report a 1 percent increase.

Canadian National’s earnings are expected to be up by 13.5 percent when it releases results on Jan. 26.

Norfolk Southern is expected to post an earnings decline of 2.7 percent when it announces its results on Jan. 27.

Analysts said one thing to watch for during the earnings conferences will be whether railroads fully reinstate earnings and volume guidance for 2021.

Those projections were suspended last year amid the the economic uncertainty triggered by the COVID-19 pandemic.

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