Shares of Kansas City Southern dropped 2.3% in premarket trade Monday, after the railroad company lowered its 2015 sales growth outlook because of lower carload volumes from the energy sector and continued weakness in the Mexican peso. The company now expects 2015 sales to rise in the low single-digit percentage range from 2014, compared with a previous estimate of mid single-digit growth. For the first quarter, revenue is currently flat with a year ago, while the FactSet consensus of $639 million implies 5.3% growth. "Due to the continued uncertainty in the energy markets with the recent decline in crude prices to six-year lows, the Company believes crude oil growth for 2015 will be lower than expected," the company said in a statement. "Additionally, lower natural gas prices continue to have a negative impact on the company's coal business, resulting in an expected approximate 20% decline in coal revenues during the first quarter of 2015." The stock has lost 5.2% so far this year, while the S&P 500 has gained 2.4%.
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