Canadian National's Third-Quarter Earnings & Revenues Miss Estimates [Yahoo! Finance]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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US:NYSE Investor Relations:
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Source: Yahoo! Finance
Canadian National Railway Company CNI reported third-quarter 2024 earnings of $1.26 per share (C$1.72), which missed the Zacks Consensus Estimate of $1.28. However, the bottom line remained flat on a year-over-year basis. Find the latest EPS estimates and surprises on Zacks Earnings Calendar Revenues for the third quarter of 2024 were $3.01 billion (C$4.11 billion), which lagged the Zacks Consensus Estimate of $3.06 billion. However, this reflects an increase of 1.37% year over year, driven by higher volumes. Revenue ton-miles (RTMs or a measure of volumes) increased 2% year over year due to higher shipments of international intermodal, Canadian grain exports and refined petroleum products. Carloads decreased by 1.7% on a year-over-year basis due to prolonged labor uncertainty that resulted in work stoppages, along with a softer macroeconomic environment that constrained volume growth. Freight revenue per RTM rose by 1% year over year, fueled by freight rate increases and the
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CNI
News
- Insider Report: CN Rail directors accumulate shares as it near its 52-week low [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Canada's Labor Minister ends coast-to-coast port labor strife, forcing unions back to work [CNBC]CNBC
- B.C. Insider: Ottawa orders ports in B.C., Quebec to reopen [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Canadian National Railway (NYSE: CNI) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating. They now have a $130.00 price target on the stock, up previously from $126.00.MarketBeat
- Is CNR Stock Undervalued Right Now? [Yahoo! Finance Canada]Yahoo! Finance Canada
CNI
Earnings
- 10/22/24 - Beat
CNI
Sec Filings
- 11/4/24 - Form SC
- 10/22/24 - Form 6-K
- 10/8/24 - Form SCHEDULE
- CNI's page on the SEC website