Latest news with #CanadianNationalRailwayCo
The Star
6 days ago
- Business
- The Star
CN Rail chops forecast as trade war hits commodities
The company said there's too much 'uncertainty and volatility' in trade policy to stick with a longer-term forecast. — Bloomberg OTTAWA: Canadian National Railway Co (CN Rail) lowered its earnings guidance for 2025 and removed its outlook entirely for next year as the trade war rattles key sectors the company operates in. The Montreal-based company, which operates a network in Canada and the United States, now expects earnings per share to rise in the 'mid to high single-digit range' this year, a sharp cut from earlier guidance that called for 10% to 15% growth. The company said there's too much 'uncertainty and volatility' in trade policy to stick with a longer-term forecast. 'A few months ago, the trade deals seemed imminent,' chief executive officer Tracy Robinson said during a call with analysts. And instead, there is an increasing uncertainty around the tariff and trade environment – particularly in Canada – and some concerns over the weakening macroeconomic environment.' The shares dipped in after-hours trading in New York. The company will work with customers in sectors affected by tariffs to help them get access to other markets, she said. Canadian National earned C$1.87 per share on an adjusted basis in the three months ending June 30, about one Canadian cent below what was expected by analysts in a Bloomberg survey. Revenue slipped by 1% to C$4.3 bil (US$3.1 bil) as tariffs and economic upheaval weighed on revenues for shipping cars, metals and lumber. Grain and fertiliser shipments were a bright spot, rising 13% over last year. Automotive revenue, an industry that's central to US President Donald Trump's trade strategy, fell 5% from a year earlier to C$241 mil in the quarter. Both finished vehicles and auto parts were below last year's levels, with auto manufacturers shifting products from the United States to Mexico, according to the company. Chief financial officer Ghislain Houle said a stronger Canadian dollar was a factor in the decision to lower earnings expectations. 'Every penny of appreciation of the Canadian dollar to the US dollar represents a headwind' of 5 Canadian cents of earnings per share annually, he said. Canadian National acted early in the quarter to furlough some employees to save costs, said Patrick Whitehead, the chief network operating officer. The company had hundreds of trainee and engine employees on furlough by the end of the quarter. — Bloomberg
San Francisco Chronicle
22-07-2025
- Business
- San Francisco Chronicle
CN: Q2 Earnings Snapshot
MONTREAL QUEBEC, Quebec (AP) — MONTREAL QUEBEC, Quebec (AP) — Canadian National Railway Co. (CNI) on Tuesday reported second-quarter profit of $847 million. The Montreal Quebec, Quebec-based company said it had net income of $1.35 per share. The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share. The railroad posted revenue of $3.09 billion in the period, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $3.16 billion. _____
San Francisco Chronicle
01-05-2025
- Business
- San Francisco Chronicle
CN: Q1 Earnings Snapshot
MONTREAL QUEBEC, Quebec (AP) — MONTREAL QUEBEC, Quebec (AP) — Canadian National Railway Co. (CNI) on Thursday reported first-quarter earnings of $808.7 million. The Montreal Quebec, Quebec-based company said it had profit of $1.29 per share. The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share. The railroad posted revenue of $3.07 billion in the period, falling short of Street forecasts. Nine analysts surveyed by Zacks expected $3.11 billion.
Globe and Mail
26-04-2025
- Business
- Globe and Mail
Canadian National Railway: Stocks Undervalued by Analyst Consensus on TSX (CNR)
Canadian National Railway Co is among the group of undervalued stocks on the Toronto Stock Exchange. This means the consensus value for each stock on this list is above its current price. This report is generated monthly. It provides the close price and target price for these companies along with the number of analysts covering the stock. Also included is the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year. Stocks in this category are held primarily for capital appreciation. There may be a number of reasons why a company would be on this list. Companies with a large analyst following with a difference in price versus target are worth exploring in more detail. Symbol Name Target Year Close Price Target Price Mean Currency Target Price # Estimates RY Royal Bank of Canada 2025 163.04 186 CAD 8 BMO Bank of Montreal 2025 132.32 155.375 CAD 8 CNR Canadian National Railway Co 2025 135.3 163.3259 CAD 10 FFH-U Fairfax Financial Holdings Ltd 2025 1333.18 2470 CAD 5 GIB-A CGI Inc 2025 146.37 183.9822 CAD 9 WSP WSP Global Inc 2025 253.41 292.0909 CAD 11 CCO Cameco Corp 2025 60.82 83.55 CAD 10 ATRL Atkinsrealis Group Inc 2025 68.45 93.5556 CAD 9 TFII TFI International Inc 2025 116.94 157.2654 CAD 9 WFG West Fraser Timber 2025 100.77 141.4216 CAD 5 BYD Boyd Group Services Inc 2025 204.35 273.3333 CAD 9 GRT-UN Granite Real Estate Investment Trust 2025 63.15 86.7984 CAD 8 EQB EQB Inc 2025 93.37 123 CAD 8 PBH Premium Brands Holdings Corp 2025 77.52 105.5556 CAD 9 GSY goeasy Ltd 2025 156.89 238.4286 CAD 7 MEQ Mainstreet Equity Corp 2025 189.94 235 CAD 2 SEA Seabridge Gold Inc 2025 17.34 42.0676 CAD 1 LAS-A Lassonde Industries Inc 2025 207.85 235.3333 CAD 3 CJT Cargojet Inc 2025 87.51 148.5 CAD 10 MRC Morguard Corp 2025 113.4 140 CAD 1 HPS-A Hammond Power Solutions Inc 2025 92.15 149 CAD 4 PD Precision Drilling Corp 2025 59.78 94.875 CAD 8 CGO Cogeco Inc 2025 61.35 84.5 CAD 2 TSAT Telesat Corp 2025 21.7 44 CAD 1 BCT BriaCell Therapeutics Corp 2026 8.45 32 USD 1 All data provided as of April 25, 2025. More about Canadian National Railway Co Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2024, CN generated CAD 17 billion in revenue by hauling intermodal containers (22% of consolidated revenue), petroleum and chemicals (20%), grain and fertilizers (20%), forest products (11%), metals and minerals (12%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue. Canadian National Railway Co is listed under CNR on the Toronto Stock Exchange. Artificial intelligence at Report on Business Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
