Canadian National Railway Company (NYSE:CNI) rail transportation business provider, is reporting second quarter earnings results on Tuesday 21st July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.92 per share.
For the full year, analysts predict revenues of $ 10215.40 million, while looking forward to income of $ 3.96 per share.
Previous Quarter Performance
Canadian National Railway Company reported income for the first quarter of $ 0.91 per share, from the revenue of $ 2,645.00 million. The quarterly earnings raised 2.25 percent compared with the same quarter last year. Street analysts expected Canadian National Railway Company to report income of $ 1.08 per share on revenue of $ 3491.29 million for the first quarter. The bottom line results missed street analysts by $ 0.17 or 15.74 percent, at the same time, top line results fell short of analysts by $ 846.29 million or 24.24 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CNI was $ 95.84, representing a 47.15 % increase from the 52 week low of $ 65.13 and a 0.71 % decrease over the 52 week high of $ 96.53.
The company has a market capital of $ 67.92 billion and is part of the Industrials sector and Railroads industry.
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Recent Analyst recommendations
On 15th July 2020, maintained by Barclays at Underweight rating, with $ 81.00 target price.
On 25th June 2020, maintained by Citigroup at Neutral rating, with $ 95.00 target price.
On 17th June 2020, maintained by Deutsche Bank at Hold rating, with $ 92.00 target price.
Recent Stock Dividend Announcement
On April 27, 2020, the board of directors authorized quarterly dividend of $ 0.575 per share to holders of record as of the close of business on June 9, 2020, with payment date of June 30, 2020 and ex-dividend date on June 8, 2020.
Conference Call
Canadian National Railway Company will be hosting a conference call at 4:30 PM eastern time on 21st July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cn.ca
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
