The second week of June-quarter earnings results has been a good one so far. Of nearly 50 companies reporting results through Tuesday morning, only three have missed per-share earnings estimates and only four have missed revenue estimates.

On Monday, we previewed three firms that are reporting quarterly results after Tuesday’s closing bell: Chipotle Mexican Grill, Netflix and United Airlines. In a separate report, we previewed five firms set to report before Wednesday’s opening bell: ASML, Coca-Cola, Harley-Davidson, Johnson & Johnson and Verizon.
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Here’s a look at four reports due out after markets close Wednesday.

CSX

Railroad operator CSX Corp. (NYSE: CSX) enjoyed a share price gain of 27% in 2020. After a bumpy start to this year, the stock has added another 2.5%. U.S. rail traffic is up more than 13% through the week ended July 10 and that has given all U.S. railroads a boost. Last month, CSX filed additional information to the U.S. Surface Transportation Board related to a proposed acquisition of a New England operator. If successful, CSX will extend its operations to 26 states, all east of the Mississippi River.

Analysts remain bullish on the stock, with 13 of 28 surveyed rating the shares a Buy or Strong Buy and seven rating the stock a Hold. At a recent trading price of around $31, upside potential to a median price target of $37 is just over 19%. At a high price target of $40, upside potential rises to 29%.

For the second quarter, analysts have forecast revenue at $2.94 billion and adjusted earnings per share (EPS) at $0.37. Compared to the prior quarter, the revenue forecast is 4.6% higher and the EPS estimate is 19% higher. Revenue is projected to increase by 31% year over year, with EPS increasing by 68%. For the full year, analysts forecast EPS of $1.46, up 22% year over year, and revenue of $11.77 billion, or 11.2% higher.

CSX stock trades at around 21.5 times expected 2021 EPS, 18.9 times estimated 2022 EPS and 17.2 times estimated 2023 earnings. The stock’s 52-week trading range is $22.69 to $34.96. The company pays an annual dividend of $0.37 (yield of 1.21%).

Kinder Morgan

Energy infrastructure company Kinder Morgan Inc. (NYSE: KMI) has seen its share price rise by nearly 25% over the past 12 months. For the year to date, the stock is up almost 31%. The company was mostly insulated against reduced demand for petroleum products. Total revenue fell by about $1.5 billion year over year in 2020, but first-quarter 2021 revenue beat the same period in 2020 by about $2.1 billion, or nearly 66%. February’s freezing weather drove demand for natural gas (and thus bidding for available capacity) through the roof. Kinder Morgan does not expect a recurrence of the windfall.

Analysts remain mixed on the stock, however. More than half (13 of 24) of them recommend holding the stock. Another seven rate the shares a Buy or Strong Buy. At a price of around $17.40, Kinder Morgan stock trades within 1% of its median price target of $18. At the high price target of $22, upside potential is 26.4%.

Second-quarter revenue is forecast at $2.88 billion, down nearly 45% sequentially, but up 12.5% year over year. Adjusted EPS is tabbed at $0.19, down about a third sequentially but two cents higher year over year. For the full year, analysts are currently forecasting EPS of $1.22 (up 39% year over year) and revenue of $14.19 billion, up more than 21%.

The stock trades at around 14.4 times expected 2021 EPS, 18.9 times estimated 2022 EPS and 17.5 times estimated 2023 earnings. Kinder Morgan’s 52-week range is $11.45 to $19.29. The company pays an annual dividend of $1.08 (yield of 6.12%).

Since selling its Las Vegas casino operations and real estate for $6.25 billion in March, Las Vegas Sands Corp. (NYSE: LVS) will soon have no presence in the city for which it is named. The company’s Las Vegas operations were reported as a discontinued operation held for sale in the first quarter and will remain so until the sale is completed in the fourth quarter. For the year to date, the company’s share price is down more than 20%.
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Now that Las Vegas Sands is going to be essentially a Macao business, analysts continue to look favorably on the stock. Ten of 15 analysts rate the stock a Buy or Strong Buy and the other five give the stock Hold ratings. At around $47.60 apiece, the implied share price gain at the median price target of $67.50 is nearly 42%. At the high price target of $80, the upside potential is 68%.

Las Vegas Sands is expected to post revenue of $1.4 billion in the second quarter, up about 17% sequentially and massively above the $98 million total for the second quarter of last year. The firm is expected to post a per-share loss of $0.17, compared to a loss per share of $0.25 in the first quarter and $1.05 in the same quarter last year. For the full year, analysts are forecasting EPS of $0.01, versus a year-ago loss of $2.12 per share, and revenue of $6.79 billion, up 88% year over year.

The stock trades at around 19.7 times estimated 2022 EPS and 14.8 times estimated 2023 earnings. Las Vegas Sands’s 52-week range is $42.58 to $66.27. The company has suspended its dividend.

Texas Instruments

Chipmaker Texas Instruments Inc. (NASDAQ: TXN) has added nearly 45% to its share price over the past 12 months. To date in 2021, the stock is up more than 16%. The global chip shortage is responsible for the stock’s performance, of course, but TI has boosted its production to drive revenue and profits even higher.

Oddly, perhaps, analysts are mixed on the company’s prospects. Eleven of 31 brokerages rate the stock a Hold, another 11 rate the stock a Buy and four rate the shares a Strong Buy. There are five Sell or Strong Sell ratings mixed in as well. At a price of around $188.30, upside potential at a median price target of $202.50 is 7.5%. At the high price target of $240, upside potential is 27.5%.

For the company’s second quarter, analysts expect to see revenue of $4.36 billion, up about 1.6% sequentially and nearly 35% higher year over year. Adjusted EPS is forecast to total $1.85, down 3.6% sequentially and up nearly 18% year over year. For the full year, EPS is forecast to rise 21% to $7.53 and revenue is expected to increase by nearly 22% to $17.59 billion.

The stock currently trades at around 24.7 times expected 2021 EPS, 23.3 times estimated 2022 EPS and 21.8 times estimated 2023 earnings. The stock’s 52-week range is $125.43 to $197.58. The company pays an annual dividend of $4.08 (yield of 2.19%).

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