Earnings Outlook For Canadian National Railway
Portfolio Pulse from Benzinga Insights
Canadian National Railway (NYSE:CNI) is expected to release its quarterly earnings report on January 23, 2024. Analysts predict an EPS of $1.46. Investors are looking for an earnings beat and positive guidance for future growth. Historically, CNI's stock price has shown sensitivity to earnings performance and guidance rather than just earnings beats or misses. Last quarter, CNI beat the EPS estimate by $0.01, resulting in a 0.54% stock price increase the following day. Over the past year, CNI shares have risen by 1.39%, with the stock currently trading at $126.15.
January 22, 2024 | 4:01 pm
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Canadian National Railway is anticipated to report quarterly earnings with an EPS estimate of $1.46. Positive guidance and earnings performance may influence the stock price, as seen in the past. Shares have been trending positively over the last year.
Given the historical data, a positive earnings report and guidance from CNI could lead to an uptick in the stock price. The past trend shows a slight increase in stock price following an earnings beat. With shares already up over the past year, a continuation of this trend is possible if the company meets or exceeds expectations.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100