CNI Earnings Prediction
The chart below shows how CNI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CNI sees a -1.83% change in stock price 10 days leading up to the earnings, and a -1.32% change 10 days following the report. On the earnings day itself, the stock moves by +0.17%. This data can give you a slight idea of what to expect for the next quarter's release.
CNI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.11B
3.09%
-5.06%
Gross Margin
62.04%
-1.45%
-1.94%
Operating Margin
36.86%
-3.13%
-2.46%
Net Margin
26.40%
-5.00%
2.60%
EPS
1.72
1.78%
-1.71%
No Data Available
CNI Earnings Analysis
Canadian National Railway Corporation (CNI.N) Earnings Conference Call
Positive
Revenue and Volume Growth: CN grew revenue by 3% in the quarter against last year and volume by 2% in RTM terms, led by long-haul international intermodal and refined petroleum products, including CN-specific initiatives and stronger Canadian grain exports.
Earnings Per Share Increase: We delivered $1.72 of EPS for the third quarter, 2% higher than last year, with an OR of 63.1%.
Customer Opportunity Pipeline: We have built up a strong pipeline of opportunities with our customers that are unique to this network, driving more than half of the volume growth in coming years.
Free Cash Flow Decline: We generated around $2.1 billion of free cash flow year-to-date at the end of September, about $200 million lower than last year, mainly due to higher capital expenditures.
Share Repurchase Program: We have repurchased close to 12 million shares for almost $2.1 billion as of the end of September.
Negative
Quarterly Revenue and Volume Growth: CN grew revenue by 3% in the quarter against last year and volume by 2% in RTM terms, led by long-haul international intermodal and refined petroleum products, including CN-specific initiatives and stronger Canadian grain exports.
Challenging Business Environment: Business has been a bit more challenging than expected due to the labor uncertainty and lower-than-expected industrial production and manufacturing activity and mixed signals around consumer confidence.
Revenue per RTM Increase: Revenue per RTM improved by 1%, reflecting higher freight rates, but also longer average length of haul.
Carload Volume Decline: Carload volumes slipped by 2%, mostly due to lower domestic intermodal, automotive and short-haul iron ore shipments.
Intermodal RTM Performance: Overall, intermodal RTMs grew by 7% in the quarter against last year and revenue was flat. This reflects an 18% increase in international RTMs offset by a 14% decrease in domestic.
CNI FAQs
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CNI Earning Call Sentiment
Canadian National Railway Company (CNI) Q3 2024 Earnings Call Transcript
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00:00
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CNI.N
1.6%Positive
The earnings call presents a mixed outlook. Financial performance shows a slight revenue increase but higher costs and decreased carload volumes. The Q&A highlights optimism in certain sectors like grain and petroleum, but macroeconomic headwinds and labor uncertainties persist. The lack of clear guidance on operating ratio improvements and geopolitical impacts adds uncertainty. Despite potential positive catalysts from CN-specific initiatives and strong pricing, the overall sentiment remains cautious, leading to a neutral stock price prediction.
