Earnings Whisper: CSX Corp. (CSX), Progress Software (PRGS)

CSX Corp. (CSX) is set to announce its Q415 earnings after the market close today. Analysts expect the provider of rail-based transportation services to report earnings per share of $0.47 and revenue of $2.9 billion. That would be $0.05 lower the $0.52 per share posted last quarter and $0.02 lower the $0.49 posted in the Q414. Revenue is projected to be $300 million lower than the $3.2 billion posted in the same period a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.48 per share.

As a quick reminder, CSX reported Q315 EPS of $0.52, $0.02 better than the Street’s consensus estimate of $0.50. Revs decreased 8.13% year-over-year to $2.94 billion versus the $2.98 billion consensus.

Shares of CSX Corp. are down $0.21, or over 0.89%, at $23.31.

Wall Street analysts are on average expecting Progress Software Corporation (PRGS) to post $115.96 million in sales during the quarter. This would show a 15.15% increase from the Q315 revenue of $100.7 million and an increase of 18.45% from the same period in Q414. EPS in Q415 are expected to come in at $0.49, a growth rate of 4.26% from $0.47 per share a year earlier. As a quick reminder, PRGS reported Q315 EPS of $0.39, $0.02 better than the Street’s consensus estimate. Revs increased 26.99% yoy to $100.7 million versus the $104.29 million consensus.

PRGS shares are lower by nearly 1.46% to $23.02 in mid-day trading.

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