What is Zacks Research's Estimate for CNI Q3 Earnings?

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for Canadian National Railway to $1.50, up from $1.45. The firm projects FY2026 EPS of $5.86 and FY2027 EPS of $6.28.
• CN recently reported quarterly EPS of $1.50, beating the $1.39 consensus, while revenue rose 11.3% year over year to $3.35 billion.
• Analysts maintain a generally cautious outlook, with the stock holding a consensus rating of “Hold” and an average price target of $137.40. CN also declared a quarterly dividend of $0.915, representing a 2.9% yield.

Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR - Zacks Research boosted their Q3 2026 earnings per share (EPS) estimates for Canadian National Railway in a research note issued on Friday, August 7th. Zacks Research analyst Team now forecasts that the transportation company will post earnings of $1.50 per share for the quarter, up from their prior estimate of $1.45. The consensus estimate for Canadian National Railway's current full-year earnings is $5.80 per share. Zacks Research also issued estimates for Canadian National Railway's FY2026 earnings at $5.86 EPS, Q1 2027 earnings at $1.47 EPS, Q4 2027 earnings at $1.64 EPS and FY2027 earnings at $6.28 EPS.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.11. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the firm earned $1.87 earnings per share. The business's quarterly revenue was up 11.3% compared to the same quarter last year.

A number of other equities research analysts have also weighed in on the stock. Benchmark restated a "hold" rating on shares of Canadian National Railway in a report on Monday, July 27th. Barclays boosted their target price on shares of Canadian National Railway from $109.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Monday, July 27th. Bank of America increased their target price on Canadian National Railway from $132.00 to $134.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Susquehanna restated a "neutral" rating and issued a $140.00 price target (up from $138.00) on shares of Canadian National Railway in a research note on Tuesday, July 14th. Finally, Evercore raised Canadian National Railway from an "in-line" rating to an "outperform" rating and set a $124.00 price target for the company in a report on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $137.40.

Canadian National Railway Trading Down 0.0%

NYSE CNI opened at $126.59 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. Canadian National Railway has a 52 week low of $90.74 and a 52 week high of $131.55. The stock has a market capitalization of $76.71 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.36 and a beta of 0.95. The firm has a 50 day moving average of $122.55 and a two-hundred day moving average of $112.74.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th will be issued a $0.915 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.66 annualized dividend and a dividend yield of 2.9%. Canadian National Railway's dividend payout ratio is presently 47.34%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. High Point Wealth Management LLC acquired a new position in Canadian National Railway in the fourth quarter valued at $27,000. MidFirst Bank acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at about $31,000. Curio Wealth LLC acquired a new position in Canadian National Railway during the fourth quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd increased its stake in Canadian National Railway by 378.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company's stock valued at $35,000 after purchasing an additional 280 shares during the period. Finally, MBM Wealth Consultants LLC purchased a new stake in Canadian National Railway during the 1st quarter valued at approximately $37,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

About Canadian National Railway

Canadian National Railway Company NYSE: CNI is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN's core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.

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