EPS beat - Energy and intermodal again strong
Q417 EPS of $1.38 was comfortably ahead of both AE/consensus at $1.34/$1.36 respectively, while revenues of $660m were also slightly ahead of both sets of estimates. Encouragingly, Q4 carloads were robust across each of KSU's key strategic growth businesses, with strength in automotive (+5%), chemicals (+12%) and intermodal (+7%). Guidance for FY18 is largely qualitative in nature, although the company has a favourable outlook for 90% of its served end-markets, while only energy (~10%) is viewed as unfavourable.Kansas City Southern is a transportation holding company with domestic and international rail operations in North America. The company's subsidiary, The Kansas City Southern Railway Company, is a United States Class I railroad that serves a several region in the midwest and southeast regions of United States and has north/south rail route between Kansas City, MO and several main ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas. The company's subsidiary, Kansas City Southern de Mexico, S.A. de C.V. operates a main commercial corridor of the Mexican railroad system and has as its main route a direct rail passageway between Mexico City and Laredo, TX.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
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