Canadian National Railway (CNI) Tops Q3 EPS by 13c; Offers Guidance

Canadian National Railway (NYSE: CNI) reported Q3 EPS of Cdn$2.13, Cdn$0.13 better than the analyst estimate of Cdn$2.00. Revenue for the quarter came in at Cdn$4.51 billion versus the consensus estimate of Cdn$4.32 billion.

GUIDANCE:

CN is now expecting to deliver approximately 25% of adjusted diluted EPS growth (compared to its April 26, 2022 target of 15-20%) and free cash flow of approximately C$4.2 billion in 2022 (compared to its April 26, 2022 target range of C$3.7 billion - C$4.0 billion). CN continues to target an operating ratio below 60% and a ROIC of approximately 15% in 2022.

For earnings history and earnings-related data on Canadian National Railway (CNI) click here.

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