3 Reasons to Buy Kansas City Southern Stock Right Now
It's been a highly unusual year for the railroads. On the one hand, the COVID-19 pandemic has obviously hit their end markets very hard. On the other hand, there's evidence that the long-term earnings outlook is actually improving, especially for Kansas City Southern (NYSE: KSU). The company's recent second-quarter earnings helped to highlight these factors. Let's take a closer look at what investors need to know before buying the stock.
The second quarter was always going to be a horrible one for Kansas City Southern. The COVID-19 pandemic hit the industrial economy hard, and the company's revenue declined 23% on a year-over-year basis to $548 million. The revenue decline led to a drop in adjusted operating profit from $259 million to $191 million.
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Source Fool.com