What's in Store for Canadian National (CNI) in Q2 Earnings?

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 ...