Canadian National Railway (CNI) EPS Beats Estimates on Strong Volumes and Car Velocity, RBC Maintains Outperform

Group 1 - Canadian National Railway (NYSE:CNI) is recognized as one of the top hydrogen and fuel cell stocks to consider for investment in 2026 [1] - RBC Capital has lowered its price target for Canadian National Railway to C$153 from C$158 while maintaining an Outperform rating, and has increased its Q4 earnings per share estimate to C$2 from C$1.95, surpassing the average projection of C$1.97 [1] - The company reported a 6% increase in adjusted earnings per share for the September quarter, with CEO Tracy Robinson highlighting the maintenance of top-tier profitability and operational efficiency despite declining volume expectations [3] Group 2 - RBC anticipates that Canadian National will provide more cautious guidance for 2026, projecting mid-single digit EPS growth, lower than the current consensus of 8.5% [2] - For 2025, RBC forecasts a 6.1% EPS growth, which is above the average estimate of 5.8% and aligns with Canadian National's own projections for mid-to-high single-digit increases [2] - The company is actively exploring hydrogen and battery-electric prototypes to reduce emissions in its operations [4]