Report
Another impressive quarter - EPS ~8% ahead
Q417 EPS of $1.69 (+19% YoY) were comfortably ahead of AE/consensus estimates for $1.62/$1.57 respectively. The result was driven by lower operating expenses (predominantly Materials & Other), which resulted in an OR of 67.7%, or a 170bp YoY improvement (~90bps due to profit on land sales). Revenues were ~1% and were supported by very strong Intermodal growth (+14% YoY). Quantitative FY18 EPS guidance has not been provided, although the company is guiding to FY18-20 volume and RPC CAGRs of ~2% and FY18 capex of ~$1.8bn (FY17 = $1.7bn)
Provider
Atlantic Equities
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.
Lindsay Bettiol
Other Reports from Atlantic Equities
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.