Canadian National Railway (CNI) Tops Q3 EPS by 2c, provides guidance

Canadian National Railway (NYSE: CNI) reported Q3 EPS of Cdn$1.72, Cdn$0.02 better than the analyst estimate of Cdn$1.70. Revenue for the quarter came in at Cdn$4.11 billion versus the consensus estimate of Cdn$4.08 billion.

2024 guidance and long-term financial outlook
CN continues to expect to deliver adjusted diluted EPS growth in the low single-digit range and continues to expect to invest approximately C$3.5 billion in its capital program, net of amounts reimbursed by customers. The Company also continues to expect adjusted return on invested capital (ROIC) to be in the 13%-15% range.

Over the 2024-2026 period, CN continues to target compounded annual adjusted diluted EPS growth in the high single-digit range.

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

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