While the top- and bottom-line numbers for CN (CNI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Canadian National (CNI) came out with quarterly earnings of $1.35 per share, missing the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.31 per share a year ago.
Canadian National's (CNI) Q2 performance is expected to be adversely impacted by the freight market downturn.
CN (CNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
I compare the major railroad companies from the perspective of a dividend-focused investor. The “big five” are highly correlated by many growth and profitability metrics, but not all. Canadian National outshines the others with its efficiency and consistent performance.
Recent inflation data shows a minimal rise in core prices and a drop in headline CPI, leading to expectations of significant Fed rate cuts over the next year. The market's reaction to positive inflation news, highlighted by a sell-off, suggests investors are cautious, knowing more disinflation is needed for further rate cuts. Money is shifting to lagging sectors, boosting the equal-weight S&P 500. This indicates a broadening of market strength, presenting new investment opportunities.
Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CNI, CP, CSX and NSC are well-poised to capitalize on the bullishness.
Canadian National: Easing Comps, Growth Initiatives And Reasonable Valuation
Canadian National's (CNI) shareholder-friendly actions bode well for the company. However, supply-chain disruptions are bothersome.
Here, we selected three railroad stocks, Union Pacific (UNP), Canadian National (CNI) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
CN (CNI) reported earnings 30 days ago. What's next for the stock?
Canadian National Railway said on Thursday it has made a new contract offer to the Teamsters Canada Rail Conference (TCRC) union, in an attempt to avert a strike.