Canadian National Railway CNI is set to give its latest quarterly earnings report on Tuesday, 2024-10-22. Here's what investors need to know before the announcement.
Analysts estimate that Canadian National Railway will report an earnings per share (EPS) of $1.33.
The market awaits Canadian National Railway's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Performance in Previous Earnings
The company's EPS missed by $0.06 in the last quarter, leading to a 3.48% drop in the share price on the following day.
Here's a look at Canadian National Railway's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 1.41 | 1.25 | 1.46 | 1.25 |
| EPS Actual | 1.35 | 1.28 | 1.48 | 1.26 |
| Price Change % | -3.0% | -5.0% | -2.0% | 1.0% |
Performance of Canadian National Railway Shares
Shares of Canadian National Railway were trading at $113.62 as of October 18. Over the last 52-week period, shares are up 7.2%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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