Investors are cautious as they eagerly wait for the Federal Reserve’s upcoming meeting, scheduled next week. Expansion in both services and manufacturing activity in January, as reported by the S&P Global’s flash U.S. Composite PMI Output Index, higher-than-expected Consumer Price Index (CPI) data, and increased retail sales for December are the major drivers for the Fed’s interest rate decision.The S&P Global’s flash U.S. Composite PMI Output Index, increased to 52.3 this month from 50.9 in December, marki ...

rlesyk Last October, I covered Canadian National Railway Company (NYSE:CNI) in an article that was a part of my compounder series (where I focus on the highest quality, wide moat stocks with reliable and predictable fundamental growth). In that piece, I highlighted my recent purchases of the stock and my belief that shares were attractively valued. In the introduction to that original article, I said: “I'll break down why I believe that CNI shares have the potential to generate a 20% total return CAGR f ...

Tracy Robinson I'll start at that one, Ken. So we've been hiring through the year to offset attrition, and two, that's the lever we're using right now to manage our workforce size is hiring relative to attrition. And as we look forward, you'll see our hiring ramp up to match the volumes as we see them coming back. We've got a great line of sight on a number of the areas. Doug kind of took you through them, and so we're getting ready for those. It does. So just a way to think about it is there still is the s ...

Canadian National (CNI) reported $3.28 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 1.8%. EPS of $1.48 for the same period compares to $1.55 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.25 billion, representing a surprise of +1.14%. The company delivered an EPS surprise of +1.37%, with the consensus EPS estimate being $1.46.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

Canadian National (CNI) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.37%. A quarter ago, it was expected that this railroad would post earnings of $1.29 per share when it actually produced earnings of $1.26, delivering a surprise of -2.33%.Over the last four quarters, the company ...

MONTREAL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a 7% increase in the 2024 dividend on the Company's common shares outstanding as well as the repurchase of its shares under a new normal course issuer bid (Bid). The Bid permits CN to purchase, for cancellation, over a 12-month period up to 32 million common shares, representing 5.63% of the 568,002,080 common shares issued and outstanding of the Company not held by insiders on Januar ...

MONTREAL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) will issue its fourth quarter and full-year 2023 financial and operating results after the market close. CN's senior officers will review the results and the railway's outlook in a conference call starting at 4:30 p.m. Eastern Time today. Tracy Robinson, CN President and Chief Executive Officer, will lead the call. Parties wishing to participate via telephone may dial 1-800-715-9871 (Canada/U.S.), or 1-647-932-3411 (International), using 27 ...

James McGarragle - RBC Capital Markets Brandon Oglenski - Barclays Cherilyn Radbourne - TD Cowen Ravi Shanker - Morgan Stanley Scott Group - Wolfe Research David Vernon - Bernstein Konark Gupta - Scotiabank Fadi Chamoun - BMO Benoit Poirier - Desjardins Steve Hansen - Raymond James Justin Long - Stephens Kevin Chiang - CIBC Operator Good afternoon. My name is Julianne, and I will be your operator today. Welcome to CN's Third Quarter 2023 Financial and Operating Results Conference Call. All participants are ...

David Vernon Thank you. Good afternoon. Thank you. Apologies if you have this out in the press release, I didn't see it. But what is the RTM growth guidance for this year? Maybe more so for the back half year, Q3, Q4, if you give us some clarity about what you're assuming in guidance in terms of RTM growth. But the main question maybe for Doug, Prince Rupert has kind of struggled, underperformed relative to most of the North American ports even prior to all of this kind of BC strike issues and some of the i ...

CN TSX: CNR NYSE: CNI 2023 Key Assumptions CN has made a number of economic and market assumptions in preparing its three-year financial perspective. CN assumes that the North American industrial production will increase by at least two percent CAGR over the next three years. CN assumes continued pricing above rail inflation. CN assumes that the value of the Canadian dollar in U.S. currency will be approximately $0.75 and that the average price of crude oil (West Texas Intermediate) will be approximately US ...