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Is a Beat in Store for Canadian National (CNI) in Q4 Earnings?
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Canadian National Railway Company(CNI - Free Report) is scheduled to report fourth-quarter 2023 results on Jan 23, after market close.
Let’s see how things have shaped up for Canadian National this earnings season.
Q4 Expectations
The Zacks Consensus Estimate for Canadian National’s fourth-quarter 2023 revenues is pegged at $3.21 billion, indicating a 4.10% decline year over year. The top line is likely to have been weighed down owing to lower volumes of intermodal, crude oil and forest products.
On the flip side, the Zacks Consensus Estimate for CNI’s fourth-quarter 2023 earnings has been revised upward by 1.4% in the past 90 days to $1.45 per share. A decline in expenses is likely to have aided the company’s bottom line.
What Our Model Says
Our proven model predicts an earnings beat for Canadian National this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Canadian National has an Earnings ESP of +0.41% and a Zacks Rank #2.
Canadian National Railway Company Price and EPS Surprise
Canadian National’s third-quarter 2023 earnings per share of $1.26 (C$1.69) missed the Zacks Consensus Estimate of $1.29 and declined year over year. Quarterly revenues of $2,972.2 million (C$3,987 million) missed the Zacks Consensus Estimate of $3,013.8 million and dipped year over year.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat on their fourth-quarter 2023 earnings:
The Zacks Consensus Estimate for AAL’s fourth-quarter 2023 earnings has been revised upward by more than 100% in the past 90 days. AAL delivered a trailing four-quarter earnings surprise of 23.83%, on average.
Shares of AAL have gained 10.6% in the past three months.
Copa Holdings, S.A.(CPA - Free Report) has an Earnings ESP of +6.71% and a Zacks Rank #2. CPA will release results on Feb 7.
The Zacks Consensus Estimate for CPA’s fourth-quarter 2023 earnings has been revised upward by 5.1% in the past 90 days. CPA delivered a trailing four-quarter earnings surprise of 16.81%, on average.
Shares of CPA have gained 2.2% in the past three months.
Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB - Free Report) , has an Earnings ESP of +0.85% and a Zacks Rank #2. WAB will release results on Feb 14.
WAB has an expected earnings growth rate of 20.77% for fourth-quarter 2023. WAB delivered a trailing four-quarter earnings surprise of 7.11%, on average.
The Zacks Consensus Estimate for WAB’s fourth-quarter 2023 earnings has improved 3.3% over the past 90 days. Shares of WAB have gained 11.6% in the past three months.
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Is a Beat in Store for Canadian National (CNI) in Q4 Earnings?
Canadian National Railway Company(CNI - Free Report) is scheduled to report fourth-quarter 2023 results on Jan 23, after market close.
Let’s see how things have shaped up for Canadian National this earnings season.
Q4 Expectations
The Zacks Consensus Estimate for Canadian National’s fourth-quarter 2023 revenues is pegged at $3.21 billion, indicating a 4.10% decline year over year. The top line is likely to have been weighed down owing to lower volumes of intermodal, crude oil and forest products.
On the flip side, the Zacks Consensus Estimate for CNI’s fourth-quarter 2023 earnings has been revised upward by 1.4% in the past 90 days to $1.45 per share. A decline in expenses is likely to have aided the company’s bottom line.
What Our Model Says
Our proven model predicts an earnings beat for Canadian National this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Canadian National has an Earnings ESP of +0.41% and a Zacks Rank #2.
Canadian National Railway Company Price and EPS Surprise
Canadian National Railway Company price-eps-surprise | Canadian National Railway Company Quote
Highlights of Q3
Canadian National’s third-quarter 2023 earnings per share of $1.26 (C$1.69) missed the Zacks Consensus Estimate of $1.29 and declined year over year. Quarterly revenues of $2,972.2 million (C$3,987 million) missed the Zacks Consensus Estimate of $3,013.8 million and dipped year over year.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat on their fourth-quarter 2023 earnings:
American Airlines Group Inc. (AAL - Free Report) has an Earnings ESP of +43.10% and a Zacks Rank #2. AAL will release results on Jan 25. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for AAL’s fourth-quarter 2023 earnings has been revised upward by more than 100% in the past 90 days. AAL delivered a trailing four-quarter earnings surprise of 23.83%, on average.
Shares of AAL have gained 10.6% in the past three months.
Copa Holdings, S.A.(CPA - Free Report) has an Earnings ESP of +6.71% and a Zacks Rank #2. CPA will release results on Feb 7.
The Zacks Consensus Estimate for CPA’s fourth-quarter 2023 earnings has been revised upward by 5.1% in the past 90 days. CPA delivered a trailing four-quarter earnings surprise of 16.81%, on average.
Shares of CPA have gained 2.2% in the past three months.
Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB - Free Report) , has an Earnings ESP of +0.85% and a Zacks Rank #2. WAB will release results on Feb 14.
WAB has an expected earnings growth rate of 20.77% for fourth-quarter 2023. WAB delivered a trailing four-quarter earnings surprise of 7.11%, on average.
The Zacks Consensus Estimate for WAB’s fourth-quarter 2023 earnings has improved 3.3% over the past 90 days. Shares of WAB have gained 11.6% in the past three months.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.