- Canadian National’s third-quarter adjusted earnings per share (EPS) were C$1.72, surpassing both last year’s C$1.69 and the estimate of C$1.70.
- Total revenue increased by 3.1% year-over-year, reaching C$4.11 billion, slightly above the estimated C$4.09 billion.
- Freight revenue rose by 2.7% year-over-year to C$3.92 billion, exceeding the expected C$3.76 billion.
- Revenue from Petroleum & Chemicals surged 11% year-over-year to C$839 million, outperforming the C$813.9 million estimate.
- Metals & Minerals revenue declined by 2.5% year-over-year, totaling C$502 million, which was below the expected C$509.5 million.
- Forest Products revenue showed a marginal growth of 0.2% year-over-year, amounting to C$467 million, slightly above the C$463.4 million estimate.
- Intermodal revenue slightly increased by 0.2% year-over-year to C$882 million, but it fell short of the C$892.8 million estimate.
- Grain & Fertilizers revenue experienced an 8.9% year-over-year increase, totaling C$786 million, beating the C$779.9 million estimate.
- Coal revenue decreased by 5.4% year-over-year to C$229 million, slightly under the C$230.4 million estimate.
- Automotive revenue fell by 8.4% year-over-year, reaching C$217 million, which was below the expected C$225.7 million.
- The operating ratio was 63.1%, higher compared to last year’s 62%.
- Gross property additions rose by 26% year-over-year, totaling C$1.18 billion.
- Carloads decreased by 2%, but the total freight revenue per carload increased by 4.4% year-over-year to C$3,008, exceeding the estimate of C$2,996.
- Revenue ton-miles grew by 1.6% year-over-year, reaching C$56.55 billion, higher than the estimated C$55.22 billion.
- Analysts’ recommendations include 12 buys, 20 holds, and 2 sells.
A look at Canadian National Railway Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Canadian National Railway is positioned with a positive long-term outlook. The company scores well in growth and momentum, reflecting a strong potential for future expansion and market performance. While the value and resilience scores are not as high, the overall outlook remains optimistic due to the positive indicators in growth and momentum.
Canadian National Railway Company, operating a vast network of tracks in both Canada and the United States, focuses on transporting a variety of goods including forest products, grain, coal, and automotive products. With an emphasis on growth and momentum, Canadian National Railway demonstrates potential for future development and success within the railway industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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