Canadian National has a discouraging earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missing twice. The average miss is 1.14%. CNI's second-quarter performance is likely to have been hurt by weak freight revenues due to excess freight capacity compared with freight volumes. Supply-chain disruptions, network fluidity challenges and a weak intermodal scenario are also likely to have hurt Canadian National's performance. To mitigate the revenue ...

Canadian National (CNI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price cha ...

Summary Financial Metrics Comparison Canadian National operates the biggest rail network in Canada and one of the largest in the U.S., which together span nearly 20,000 miles and touch the Atlantic, Pacific, and Gulf coasts, and the network has a quasi-monopolistic status in some regions. Given that the company provides essential services (including expanding intermodal services) and transports a highly diversified cargo base, its revenues are fairly stable and predictable. Canadian National is also known f ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------|-------|-------|-------|-------|-------|-------------------------------------------------------|---------|---------|---------|---------| | MEETING DATE 300-325 325-350 350-375 375-400 400-425 425-450 | | | | | | CME FEDWATCH TOOL - CONDITIONAL MEETING PROBABILITIES | 450-475 | 475-500 | 500-525 | 525-550 | | 31.07.2024 | | | | | 0,0% | 0,0% | 0,0% | 0,0% | 6,7% | 93,3% | | 18.0 ...

The Zacks Transportation - Rail industry faces challenges, ranging from inflationary pressures and resultant high interest rates to concerns pertaining to supply-chain disruptions. Despite the challenges surrounding the industry, Canadian National Railway Company (CNI) , Canadian Pacific Kansas City Limited (CP) , CSX Corporation (CSX) and Norfolk Southern Corporation (NSC) appear better placed to tide over the challenges. Declining fuel costs represent a tailwind as far as bottom-line growth is concerned. ...

In 2023, the company's revenue growth was impacted by operational disruptions brought on by adverse climate conditions, including flooding and forest fires. Further, labor strikes at West Coast ports, related to the duty and rest period rules mandated in Canada in May 2023, negatively impacted revenue growth. In the first quarter of 2024, the company's revenues declined by 1.5% Y/Y to $4.249 billion, mainly due to lower freight revenue per RTM (Revenue Ton-Miles). The freight revenue per RTM declined by 1.7 ...

Canadian National's (CNI) efforts to reward its shareholders through dividends and buybacks despite the ongoing economic uncertainty are commendable. However, the freight market downturn is severely impacting the company's performance. Factors Favoring CNI Canadian National increased its quarterly dividend by 7% in January. This is the 28 consecutive year when the company announced a dividend hike. CNI paid quarterly dividends of $0.85 per share, amounting to $540 million in the first quarter of 2024. As of ...

Canadian National: Based in Montreal, Canada, Canadian National is involved in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. Currently, CNI has a market capitalization of $77.22 billion. Partly due to these headwinds, the industry has declined 6.4% so far this year, underperforming the S&P 500 Index's 7.5% appreciation and a 5.9% loss of the broader Zacks Transportation sector. How to Pick Stocks With Solid Dividend Payouts? 2023, the compa ...

Media Investment Community Jonathan Abecassis Stacy Alderson Director, Public Affairs and Assistant Vice-President Media Relations Investor Relations As the union refused to negotiate substantively on this matter, CN made a simplified offer to the union in May that continued to be aligned with Government guidelines on work and rest and achieved some productivity gains. The union rejected this offer as well. MONTREAL, June 06, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today announced that earlier this ...

MONTREAL, June 03, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that it would be expanding its partnership with Canada's Sports Hall of Fame in support of Indigenous athletes and sport builders, and their stories. As we mark the start of National Indigenous History Month, this new three-year $450,000 agreement will help to recognize the significant contributions of Indigenous sports figures and promote a greater understanding of their impact on Canadian sports and culture. About Canada's ...