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Kansas City Southern: A Preview ahead of Its 3Q17 Earnings

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Kansas City Southern: A Preview ahead of Its 3Q17 Earnings PART 1 OF 6

Kansas City Southern: How the Stock Has Moved since 2Q17 Earnings

KSU’s 3Q17 upcoming earnings

Kansas City Southern (KSU), the smallest US Class I railroad, will release its 3Q17 earnings before the markets open on October 20, 2017. It will have its earnings conference call that same day at 8:45 AM EST.

Kansas City Southern: How the Stock Has Moved since 2Q17 Earnings

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Kansas City Southern was hit hard last year after Donald Trump was elected president. His views on Mexico and NAFTA (North American Free Trade Agreement) increased the volatility of KSU stock. KSU receives around 50.0% of its revenues from Mexico.

KSU’s Mexican arm operates in Central and Northeastern Mexico and in the port cities of Lázaro Cárdenas, Tampico, and Veracruz. In addition, KSU has a 50.0% interest in Panama Canal Railway, which offers ocean-to-ocean freight and passenger service along the Panama Canal.

Share price movement after 2Q17

Railroads started off well at the beginning of 2017, except KSU. However, the upward momentum in rail stocks came to a halt, particularly after their 2Q17 results. In the last three months, Kansas City Southern rose 0.10%, whereas its competitor Union Pacific (UNP) rose 3.8%. Let’s look at the Class I railroads’ stock returns after their 2Q17 results:

  • CSX (CSX): fell 4.5%
  • Norfolk Southern (NSC): rose 5.7%
  • Genesee & Wyoming (GWR): rose 5.2%
  • Canadian National Railway (CNI): fell 2.3%
  • Canadian Pacific Railway (CP): rose 1.5%

During the same time frame, the benchmark industrial ETF, the iShares Dow Jones US Industrial (IYJ), rose 6.0%.

What’s in this series?

In this 3Q17 pre-earnings series on KSU, we’ll be looking at analysts’ revenue and earnings projections. We’ll also review its business prospects over the next four quarters. Finally, we’ll look at analysts’ recommendations for KSU and its peers. We’ll also value KSU against its Class I peers.

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