We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CN (CNI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
For the quarter ended March 2024, Canadian National (CNI - Free Report) reported revenue of $3.15 billion, down 1.2% over the same period last year. EPS came in at $1.28, compared to $1.35 in the year-ago quarter.
The reported revenue represents a surprise of -0.18% over the Zacks Consensus Estimate of $3.16 billion. With the consensus EPS estimate being $1.27, the EPS surprise was +0.79%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CN performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Carloads - Grain & Fertilizers: 171 thousand compared to the 169.78 thousand average estimate based on five analysts.
Carloads - Intermodal: 527 thousand versus 519.71 thousand estimated by five analysts on average.
Carloads - Automotive: 50 thousand compared to the 52.96 thousand average estimate based on five analysts.
Carloads - Forest Products: 78 thousand compared to the 79.52 thousand average estimate based on five analysts.
Carloads - Metals & Minerals: 240 thousand compared to the 234.83 thousand average estimate based on five analysts.
Carloads - Coal: 112 thousand versus 121.82 thousand estimated by five analysts on average.
Carloads - Petroleum & Chemicals: 165 thousand versus 164.55 thousand estimated by five analysts on average.
Carloads - Total: 1,343 thousand versus 1,343.58 thousand estimated by five analysts on average.
Revenue Ton Miles - Grain & Fertilizers: 17,032 million versus the four-analyst average estimate of 17,121.31 million.
Revenue Ton Miles - Coal: 4,638 million versus the four-analyst average estimate of 5,207.89 million.
Revenue Ton Miles - Forest Products: 5,769 million versus the four-analyst average estimate of 5,852.95 million.
Revenue Ton Miles - Metals & Minerals: 7,350 million versus the four-analyst average estimate of 7,137.78 million.
Shares of CN have returned -0.4% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CN (CNI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended March 2024, Canadian National (CNI - Free Report) reported revenue of $3.15 billion, down 1.2% over the same period last year. EPS came in at $1.28, compared to $1.35 in the year-ago quarter.
The reported revenue represents a surprise of -0.18% over the Zacks Consensus Estimate of $3.16 billion. With the consensus EPS estimate being $1.27, the EPS surprise was +0.79%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CN performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Carloads - Grain & Fertilizers: 171 thousand compared to the 169.78 thousand average estimate based on five analysts.
- Carloads - Intermodal: 527 thousand versus 519.71 thousand estimated by five analysts on average.
- Carloads - Automotive: 50 thousand compared to the 52.96 thousand average estimate based on five analysts.
- Carloads - Forest Products: 78 thousand compared to the 79.52 thousand average estimate based on five analysts.
- Carloads - Metals & Minerals: 240 thousand compared to the 234.83 thousand average estimate based on five analysts.
- Carloads - Coal: 112 thousand versus 121.82 thousand estimated by five analysts on average.
- Carloads - Petroleum & Chemicals: 165 thousand versus 164.55 thousand estimated by five analysts on average.
- Carloads - Total: 1,343 thousand versus 1,343.58 thousand estimated by five analysts on average.
- Revenue Ton Miles - Grain & Fertilizers: 17,032 million versus the four-analyst average estimate of 17,121.31 million.
- Revenue Ton Miles - Coal: 4,638 million versus the four-analyst average estimate of 5,207.89 million.
- Revenue Ton Miles - Forest Products: 5,769 million versus the four-analyst average estimate of 5,852.95 million.
- Revenue Ton Miles - Metals & Minerals: 7,350 million versus the four-analyst average estimate of 7,137.78 million.
View all Key Company Metrics for CN here>>>Shares of CN have returned -0.4% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.