Subtext

CSX Corporation CSX

SectorIndustrials
Transcripts71
Date range2007-07-18 – 2025-04-16
Calls charted70

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-27-13+0+13+272007 Q32010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q3 · Overall: +11.22007 Q4 · Overall: +11.92008 Q1 · Overall: +16.42008 Q2 · Overall: +10.42008 Q3 · Overall: +5.52008 Q4 · Overall: -2.52009 Q2 · Overall: -1.82009 Q3 · Overall: -0.82009 Q4 · Overall: +0.82010 Q1 · Overall: +5.22010 Q2 · Overall: +7.32010 Q3 · Overall: +10.32010 Q4 · Overall: +8.62011 Q1 · Overall: +5.22011 Q2 · Overall: +3.82011 Q3 · Overall: +6.32011 Q4 · Overall: +9.12012 Q1 · Overall: +4.52012 Q2 · Overall: +5.02012 Q3 · Overall: +1.72012 Q4 · Overall: +23.22013 Q1 · Overall: +7.02013 Q2 · Overall: +5.32013 Q3 · Overall: +2.42013 Q4 · Overall: +4.22014 Q1 · Overall: +1.22014 Q2 · Overall: +4.82014 Q3 · Overall: +5.72014 Q4 · Overall: +9.22015 Q1 · Overall: +2.32015 Q2 · Overall: +10.62015 Q3 · Overall: +9.32015 Q4 · Overall: +1.32016 Q1 · Overall: -0.32016 Q2 · Overall: +6.62016 Q3 · Overall: +8.42016 Q4 · Overall: +8.12017 Q1 · Overall: +9.82017 Q2 · Overall: +4.42017 Q3 · Overall: +4.12017 Q4 · Overall: +5.62018 Q1 · Overall: +5.72018 Q2 · Overall: +16.02018 Q3 · Overall: +12.12018 Q4 · Overall: +15.12019 Q1 · Overall: +12.42019 Q2 · Overall: +8.22019 Q3 · Overall: +12.92019 Q4 · Overall: +13.42020 Q1 · Overall: +5.32020 Q2 · Overall: +7.62020 Q3 · Overall: +14.82020 Q4 · Overall: +10.62021 Q1 · Overall: +10.12021 Q2 · Overall: +10.52021 Q3 · Overall: +0.02021 Q4 · Overall: +8.42022 Q1 · Overall: +11.62022 Q2 · Overall: +5.12022 Q3 · Overall: +14.82022 Q4 · Overall: +15.32023 Q1 · Overall: +17.92023 Q2 · Overall: +17.22023 Q3 · Overall: +19.22023 Q4 · Overall: +19.02024 Q1 · Overall: +15.02024 Q2 · Overall: +14.62024 Q3 · Overall: +8.82024 Q4 · Overall: +8.22025 Q1 · Overall: +7.1
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-49-25+0+25+492007 Q32010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q4 · CEO: +26.32008 Q1 · CEO: +26.02008 Q2 · CEO: +27.12008 Q3 · CEO: +12.32008 Q4 · CEO: +7.12009 Q2 · CEO: +4.92009 Q3 · CEO: +5.02009 Q4 · CEO: +6.62010 Q1 · CEO: +7.52010 Q2 · CEO: +9.82010 Q3 · CEO: +19.22010 Q4 · CEO: +15.32011 Q1 · CEO: +22.02011 Q2 · CEO: +10.02011 Q3 · CEO: +22.32011 Q4 · CEO: +14.02012 Q1 · CEO: +13.82012 Q2 · CEO: +30.52012 Q3 · CEO: +18.82012 Q4 · CEO: +0.02013 Q1 · CEO: +33.62013 Q2 · CEO: +14.22013 Q3 · CEO: +21.32013 Q4 · CEO: +3.02014 Q1 · CEO: +11.22014 Q2 · CEO: +25.22014 Q3 · CEO: +25.12014 Q4 · CEO: +22.82015 Q1 · CEO: +24.22015 Q2 · CEO: +42.62015 Q3 · CEO: +38.32015 Q4 · CEO: +6.52016 Q1 · CEO: +6.72016 Q2 · CEO: +13.32016 Q3 · CEO: +24.22016 Q4 · CEO: +18.12017 Q1 · CEO: +8.92017 Q2 · CEO: +3.02017 Q3 · CEO: -0.62017 Q4 · CEO: +10.82018 Q1 · CEO: +10.82018 Q2 · CEO: +19.32018 Q3 · CEO: +18.92018 Q4 · CEO: +22.32019 Q1 · CEO: +14.12019 Q2 · CEO: +7.32019 Q3 · CEO: +14.52019 Q4 · CEO: +17.42020 Q1 · CEO: +0.32020 Q2 · CEO: +2.42020 Q3 · CEO: +9.82020 Q4 · CEO: +7.52021 Q1 · CEO: +11.32021 Q2 · CEO: +15.02021 Q3 · CEO: +1.52021 Q4 · CEO: +12.82022 Q1 · CEO: +18.92022 Q2 · CEO: +5.62022 Q3 · CEO: +34.62022 Q4 · CEO: +23.72023 Q1 · CEO: +34.52023 Q2 · CEO: +25.42023 Q3 · CEO: +40.42023 Q4 · CEO: +42.92024 Q1 · CEO: +26.82024 Q2 · CEO: +22.32024 Q3 · CEO: +10.32024 Q4 · CEO: +10.12025 Q1 · CEO: +10.52007 Q3 · CFO: +11.02007 Q4 · CFO: +13.62008 Q1 · CFO: +8.52008 Q2 · CFO: +12.32008 Q3 · CFO: +6.42008 Q4 · CFO: -2.02009 Q2 · CFO: -4.62009 Q3 · CFO: +1.72009 Q4 · CFO: +2.62010 Q1 · CFO: +9.62010 Q2 · CFO: +8.12010 Q3 · CFO: +13.12010 Q4 · CFO: +8.42011 Q1 · CFO: +10.82011 Q2 · CFO: +7.82011 Q3 · CFO: +13.22011 Q4 · CFO: +11.12012 Q1 · CFO: +14.92012 Q2 · CFO: +12.02012 Q3 · CFO: +3.32013 Q1 · CFO: +6.02013 Q2 · CFO: +5.52013 Q3 · CFO: +2.02013 Q4 · CFO: +7.32014 Q1 · CFO: +3.02014 Q2 · CFO: +10.22014 Q3 · CFO: +5.22014 Q4 · CFO: +9.72015 Q1 · CFO: +4.62015 Q2 · CFO: +13.22015 Q3 · CFO: +11.52015 Q4 · CFO: +7.82016 Q1 · CFO: +7.42016 Q2 · CFO: +8.22016 Q3 · CFO: +6.72016 Q4 · CFO: +9.52017 Q1 · CFO: +20.92017 Q2 · CFO: +8.72017 Q3 · CFO: +19.62017 Q4 · CFO: +8.32018 Q1 · CFO: +7.82018 Q2 · CFO: +19.62018 Q3 · CFO: +16.72018 Q4 · CFO: +22.52019 Q1 · CFO: +11.32019 Q2 · CFO: +19.62019 Q3 · CFO: +26.02019 Q4 · CFO: +16.92020 Q1 · CFO: +14.12020 Q2 · CFO: +16.82020 Q3 · CFO: +18.82020 Q4 · CFO: +23.12021 Q1 · CFO: +25.32021 Q2 · CFO: +11.12021 Q3 · CFO: +5.32021 Q4 · CFO: +8.12022 Q1 · CFO: +8.22022 Q2 · CFO: +9.82022 Q3 · CFO: +15.12023 Q1 · CFO: +17.62023 Q2 · CFO: +19.32023 Q3 · CFO: +10.62023 Q4 · CFO: +17.42024 Q1 · CFO: +15.52024 Q2 · CFO: +16.62024 Q3 · CFO: +8.12024 Q4 · CFO: +15.22025 Q1 · CFO: +13.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-40-20+0+20+402007 Q32010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q3 · Prepared remarks: +23.12007 Q4 · Prepared remarks: +28.42008 Q1 · Prepared remarks: +24.02008 Q2 · Prepared remarks: +23.12008 Q3 · Prepared remarks: +15.22008 Q4 · Prepared remarks: +1.62009 Q2 · Prepared remarks: -8.62009 Q3 · Prepared remarks: +1.52009 Q4 · Prepared remarks: +4.12010 Q1 · Prepared remarks: +12.22010 Q2 · Prepared remarks: +17.42010 Q3 · Prepared remarks: +20.12010 Q4 · Prepared remarks: +18.82011 Q1 · Prepared remarks: +14.72011 Q2 · Prepared remarks: +15.52011 Q3 · Prepared remarks: +16.02011 Q4 · Prepared remarks: +18.02012 Q1 · Prepared remarks: +21.22012 Q2 · Prepared remarks: +20.02012 Q3 · Prepared remarks: +8.02012 Q4 · Prepared remarks: +24.82013 Q1 · Prepared remarks: +18.02013 Q2 · Prepared remarks: +13.32013 Q3 · Prepared remarks: +10.92013 Q4 · Prepared remarks: +14.52014 Q1 · Prepared remarks: +0.72014 Q2 · Prepared remarks: +8.52014 Q3 · Prepared remarks: +9.52014 Q4 · Prepared remarks: +18.52015 Q1 · Prepared remarks: +13.92015 Q2 · Prepared remarks: +20.12015 Q3 · Prepared remarks: +13.12015 Q4 · Prepared remarks: +11.62016 Q1 · Prepared remarks: +8.32016 Q2 · Prepared remarks: +14.42016 Q3 · Prepared remarks: +10.42016 Q4 · Prepared remarks: +19.12017 Q1 · Prepared remarks: +22.12017 Q2 · Prepared remarks: +9.92017 Q3 · Prepared remarks: +13.12017 Q4 · Prepared remarks: +26.52018 Q1 · Prepared remarks: +20.62018 Q2 · Prepared remarks: +28.22018 Q3 · Prepared remarks: +34.42018 Q4 · Prepared remarks: +29.82019 Q1 · Prepared remarks: +23.12019 Q2 · Prepared remarks: +22.62019 Q3 · Prepared remarks: +34.32019 Q4 · Prepared remarks: +27.12020 Q1 · Prepared remarks: +13.02020 Q2 · Prepared remarks: +8.32020 Q3 · Prepared remarks: +14.92020 Q4 · Prepared remarks: +14.62021 Q1 · Prepared remarks: +23.12021 Q2 · Prepared remarks: +17.52021 Q3 · Prepared remarks: -3.72021 Q4 · Prepared remarks: +8.92022 Q1 · Prepared remarks: +20.42022 Q2 · Prepared remarks: +15.82022 Q3 · Prepared remarks: +25.12022 Q4 · Prepared remarks: +22.72023 Q1 · Prepared remarks: +27.82023 Q2 · Prepared remarks: +28.62023 Q3 · Prepared remarks: +29.82023 Q4 · Prepared remarks: +31.72024 Q1 · Prepared remarks: +23.42024 Q2 · Prepared remarks: +19.22024 Q3 · Prepared remarks: +11.82024 Q4 · Prepared remarks: +15.32025 Q1 · Prepared remarks: +8.22007 Q3 · Q&A responses: +6.62007 Q4 · Q&A responses: +3.22008 Q1 · Q&A responses: +11.82008 Q2 · Q&A responses: +2.32008 Q3 · Q&A responses: +2.52008 Q4 · Q&A responses: +1.02009 Q2 · Q&A responses: +3.62009 Q3 · Q&A responses: -2.92009 Q4 · Q&A responses: -1.22010 Q1 · Q&A responses: +4.02010 Q2 · Q&A responses: +1.02010 Q3 · Q&A responses: +5.22010 Q4 · Q&A responses: +6.82011 Q1 · Q&A responses: +5.12011 Q2 · Q&A responses: +5.42011 Q3 · Q&A responses: +1.62011 Q4 · Q&A responses: +3.92012 Q1 · Q&A responses: -2.92012 Q2 · Q&A responses: +0.62012 Q3 · Q&A responses: +2.82013 Q1 · Q&A responses: +1.72013 Q2 · Q&A responses: +5.42013 Q3 · Q&A responses: +3.72013 Q4 · Q&A responses: +5.02014 Q1 · Q&A responses: +7.62014 Q2 · Q&A responses: +8.12014 Q3 · Q&A responses: +7.72014 Q4 · Q&A responses: +13.62015 Q1 · Q&A responses: +5.32015 Q2 · Q&A responses: +16.22015 Q3 · Q&A responses: +17.62015 Q4 · Q&A responses: +4.32016 Q1 · Q&A responses: +4.22016 Q2 · Q&A responses: +8.32016 Q3 · Q&A responses: +10.52016 Q4 · Q&A responses: +7.72017 Q1 · Q&A responses: +9.62017 Q2 · Q&A responses: +4.02017 Q3 · Q&A responses: +6.22017 Q4 · Q&A responses: +4.42018 Q1 · Q&A responses: +5.42018 Q2 · Q&A responses: +14.12018 Q3 · Q&A responses: +11.22018 Q4 · Q&A responses: +16.02019 Q1 · Q&A responses: +10.42019 Q2 · Q&A responses: +8.72019 Q3 · Q&A responses: +7.42019 Q4 · Q&A responses: +9.42020 Q1 · Q&A responses: +4.42020 Q2 · Q&A responses: +11.32020 Q3 · Q&A responses: +17.62020 Q4 · Q&A responses: +12.52021 Q1 · Q&A responses: +10.52021 Q2 · Q&A responses: +12.42021 Q3 · Q&A responses: +3.82021 Q4 · Q&A responses: +9.02022 Q1 · Q&A responses: +9.92022 Q2 · Q&A responses: +4.12022 Q3 · Q&A responses: +16.62022 Q4 · Q&A responses: +18.32023 Q1 · Q&A responses: +16.22023 Q2 · Q&A responses: +15.42023 Q3 · Q&A responses: +18.12023 Q4 · Q&A responses: +13.52024 Q1 · Q&A responses: +16.62024 Q2 · Q&A responses: +17.42024 Q3 · Q&A responses: +11.82024 Q4 · Q&A responses: +9.72025 Q1 · Q&A responses: +11.1
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.50$1.36$2.212007 Q32010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: $0.652014 Q2: $0.662014 Q3: $0.692014 Q4: $0.722015 Q1: $0.732015 Q2: $0.712015 Q3: $0.722015 Q4: $0.692016 Q1: $0.622016 Q2: $0.622016 Q3: $0.622016 Q4: $0.662017 Q1: $0.702017 Q2: $0.832017 Q3: $0.862017 Q4: $0.902018 Q1: $1.072018 Q2: $1.182018 Q3: $1.312018 Q4: $1.412019 Q1: $1.462019 Q2: $1.532019 Q3: $1.472019 Q4: $1.462020 Q1: $1.412020 Q2: $1.272020 Q3: $1.332020 Q4: $1.442021 Q1: $1.502021 Q2: $1.552021 Q3: $1.662021 Q4: $1.792022 Q1: $1.842022 Q2: $1.902022 Q3: $1.952022 Q4: $1.902023 Q1: $1.902023 Q2: $2.002023 Q3: $2.002023 Q4: $1.992024 Q1: $2.022024 Q2: $2.062024 Q3: $2.102024 Q4: $2.02

Forward P/E

11.1817.4823.782007 Q32010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: 14.592014 Q2: 15.562014 Q3: 15.682014 Q4: 16.562015 Q1: 15.962015 Q2: 16.242015 Q3: 13.492015 Q4: 12.772016 Q1: 13.972016 Q2: 14.192016 Q3: 15.442016 Q4: 18.422017 Q1: 22.912017 Q2: 21.232017 Q3: 20.192017 Q4: 21.372018 Q1: 17.622018 Q2: 18.762018 Q3: 18.792018 Q4: 14.672019 Q1: 16.892019 Q2: 16.862019 Q3: 16.142019 Q4: 16.652020 Q1: 12.052020 Q2: 18.272020 Q3: 19.852020 Q4: 20.632021 Q1: 20.542021 Q2: 20.842021 Q3: 18.612021 Q4: 20.372022 Q1: 19.352022 Q2: 15.482022 Q3: 16.062022 Q4: 17.192023 Q1: 15.232023 Q2: 16.502023 Q3: 15.292023 Q4: 16.702024 Q1: 18.662024 Q2: 16.072024 Q3: 16.252024 Q4: 15.88

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q1 tone ↓ -6.9 fwd EPS ↑ +0.01 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↑ +8.3 fwd EPS ↓ -0.02 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -5.4 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -3.9 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -2.7 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -4.2 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↑ +4.7 fwd EPS ↓ -0.06 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +2.3 fwd EPS ↓ -0.14 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↓ -4.2 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -10.5 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -6.6 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -4.0 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -5.8 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-16+7.1——View →
2024 Q42025-01-23+8.2$2.0215.9View →
2024 Q32024-10-16+8.8$2.1016.2View →
2024 Q22024-08-05+14.6$2.0616.1View →
2024 Q12024-04-17+15.0$2.0218.7View →
2023 Q42024-01-24+19.0$1.9916.7View →
2023 Q32023-10-19+19.2$2.0015.3View →
2023 Q22023-07-20+17.2$2.0016.5View →