Canadian National Railway Sees FY24 Adj. EPS Growth In Mid-To-High Single-Digit Range; To Invest ~C$3.5B In Capital Program
Portfolio Pulse from Benzinga Newsdesk
Canadian National Railway (CNI) projects FY24 adjusted EPS growth in the mid-to-high single-digit range and plans to invest approximately C$3.5 billion in its capital program.
July 23, 2024 | 8:15 pm
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Canadian National Railway (CNI) projects FY24 adjusted EPS growth in the mid-to-high single-digit range and plans to invest approximately C$3.5 billion in its capital program.
The projection of mid-to-high single-digit EPS growth is a positive indicator for future profitability, which is likely to boost investor confidence. Additionally, the significant capital investment of C$3.5 billion suggests a commitment to long-term growth and infrastructure improvement, further supporting a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100