Canadian National Railway: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Canadian National Railway (NYSE:CNI) reported Q4 earnings with an EPS of $1.48, slightly above the estimate of $1.46, marking a 1.37% beat. However, revenue decreased by $97 million compared to the same period last year. In the previous quarter, a minor EPS beat was followed by a slight increase in share price.
January 23, 2024 | 9:25 pm
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CNI reported a slight earnings beat in Q4 but experienced a revenue decline from the previous year. Historically, a minor EPS beat last quarter led to a small stock price increase.
While CNI's EPS beat may be viewed positively, the decline in revenue could raise concerns about growth, potentially offsetting the positive impact of the earnings beat. The previous quarter's performance suggests a possible slight positive reaction, but the mixed results create uncertainty.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100