- Adjusted EPS for Canadian National was C$1.87, slightly below the estimate of C$1.88, and up from C$1.84 year-over-year.
- Total revenue was C$4.27 billion, a 1.3% decrease from the previous year, falling short of the C$4.34 billion estimate.
- Freight revenue declined by 1.5% year-over-year to C$4.09 billion, missing the C$4.16 billion estimate.
- Petroleum & Chemicals revenue fell 4.9% year-over-year to C$808 million, below the C$843.7 million estimate.
- Metals & Minerals revenue was C$496 million, down 6.1% from last year, underperforming the C$513.9 million estimate.
- Forest Products revenue declined by 8% year-over-year to C$461 million, missing the C$472.7 million forecast.
- Intermodal revenue was slightly down by 3.1% to C$1.01 billion, compared to the C$1.02 billion estimate.
- Grain & Fertilizers revenue increased by 13% year-over-year to C$834 million, close to the C$838.9 million estimate.
- Coal revenue moved up by 0.4% to C$242 million, exceeding the estimate of C$237.8 million.
- Automotive revenue dropped 5.5% to C$241 million, missing the C$244.4 million estimate.
- The operating ratio improved to 61.7% from 64% year-over-year.
- Gross property additions decreased by 5.6% year-over-year to C$805 million.
- Carloads remained stable with no change from the previous year.
- Total Freight Revenue per Carload was C$2,893, a 1.2% decrease year-over-year, below the C$2,999 estimate.
- Revenue ton-miles slightly decreased by 1.2% year-over-year to C$59.22 billion, falling short of the C$59.74 billion estimate.
- Market sentiment includes 18 buy ratings, 13 hold ratings, and 2 sell ratings.
A look at Canadian National Railway Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Canadian National Railway Company, with moderate scores across all key factors including Value, Dividend, Growth, Resilience, and Momentum, presents a stable long-term outlook. The company’s diversified operations in both Canada and the United States contribute to its strength in transporting a variety of goods such as forest products, grain, coal, sulfur, fertilizers, intermodal, and automotive products. With a balanced overall performance, Canadian National Railway is positioned to maintain its operations efficiently and remain resilient in the face of market fluctuations.
Canadian National Railway’s Smartkarma Smart Scores indicate a consistent performance in key areas, reflecting solid fundamentals and a steady growth trajectory. The company’s focus on value, dividend yield, growth potential, resilience to market challenges, and momentum in its operations signifies a well-rounded approach to long-term sustainability. As Canadian National Railway operates a robust fleet of locomotives and railcars, it is well-equipped to continue serving its customers across North America effectively. Overall, Canadian National Railway demonstrates a reliable business model with a positive outlook for the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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