Market Overview

BMO Capital Markets Lowers Estimates on Kansas City Southern

Related KSU
Norfolk Southern Q2 Earnings Top Estimates on High Revenues
Earnings Scheduled For July 18, 2014
Frigid Winter Fuels Rail Shipments of Coal (Fox Business)

According to a research report this morning, BMO Capital Markets lowers estimates on Kansas City Southern (NYSE: KSU) from $0.88 to $0.81 for Q2/12 EPS.

BMO Capital Markets explained, “We note the following two factors should help mitigate the negative effect of weaker volumes: (1) the favourable impact on the tax rate due to a weaker peso; and (2) the decline in volume is concentrated in unit trains segments (coal &ag) where decremental margins can be contained with effective reduction of crews and associated equipments.”

Kansas City Southern closed Friday at $63.26 as BMO Capital Markets maintains its Outperform rating and $68 PT.

Posted-In: BMO Capital MarketsAnalyst Color Reiteration Analyst Ratings


Most Popular

Related Articles (KSU)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters