Canadian National Railway (TSX: CNR) reported earnings on Jan. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Canadian National Railway met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased.
Gross margins increased, operating margins expanded, net margins shrank.
Canadian National Railway logged revenue of $2.54 billion. The 20 analysts polled by S&P Capital IQ wanted to see revenue of $2.57 billion on the same basis. GAAP reported sales were 8.7% higher than the prior-year quarter's $2.34 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.41. The 28 earnings estimates compiled by S&P Capital IQ forecast $1.41 per share. GAAP EPS of $1.41 for Q4 were 7.6% higher than the prior-year quarter's $1.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 50.0%, 260 basis points better than the prior-year quarter. Operating margin was 36.4%, 110 basis points better than the prior-year quarter. Net margin was 24.1%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.53 billion. On the bottom line, the average EPS estimate is $1.30.
Next year's average estimate for revenue is $10.67 billion. The average EPS estimate is $6.22.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Canadian National Railway is hold, with an average price target of $93.69.
If you're interested in transportation companies like Canadian National Railway, then you should check out our special report that features 3 companies who depend on, and invest in, that industry. Learn the basic financial habits of millionaires next door and get these 3 focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Canadian National Railway to My Watchlist.