Zacks Research Issues Positive Estimate for TSE:CNR Earnings

Key Points

• Zacks Research raised Canadian National Railway’s Q3 2026 EPS forecast to $2.10 from $1.99 and projects FY2026, FY2027, and FY2028 EPS of $8.22, $8.81, and $9.79, respectively.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of C$183.29, although some firms maintain “Hold” or “Sector Perform” ratings.
• Canadian National Railway reported C$2.08 quarterly EPS on C$4.75 billion in revenue, with a 26.92% net margin and 22.19% return on equity; shares recently traded at C$174.34.

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI - Zacks Research boosted their Q3 2026 earnings per share estimates for Canadian National Railway in a report issued on Friday, August 7th. Zacks Research analyst Team now forecasts that the company will post earnings of $2.10 per share for the quarter, up from their prior forecast of $1.99. The consensus estimate for Canadian National Railway's current full-year earnings is $8.26 per share. Zacks Research also issued estimates for Canadian National Railway's FY2026 earnings at $8.22 EPS, Q2 2027 earnings at $2.20 EPS, Q3 2027 earnings at $2.24 EPS, Q4 2027 earnings at $2.30 EPS, FY2027 earnings at $8.81 EPS, Q1 2028 earnings at $2.33 EPS, Q2 2028 earnings at $2.29 EPS and FY2028 earnings at $9.79 EPS.

CNR has been the topic of a number of other research reports. Susquehanna downgraded shares of Canadian National Railway from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Sanford C. Bernstein lifted their price target on shares of Canadian National Railway from C$163.00 to C$196.00 in a research report on Thursday, July 16th. JPMorgan Chase & Co. lifted their price target on shares of Canadian National Railway from C$175.00 to C$182.00 in a research report on Monday, July 27th. ATB Cormark Capital Markets boosted their price target on Canadian National Railway from C$166.00 to C$185.00 and gave the stock a "sector perform" rating in a research note on Monday, July 27th. Finally, Desjardins upped their price target on Canadian National Railway from C$185.00 to C$199.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$183.29.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$174.34 on Tuesday. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87. Canadian National Railway has a one year low of C$126.11 and a one year high of C$185.25. The firm has a market capitalization of C$105.46 billion, a P/E ratio of 22.38, a PEG ratio of 3.38 and a beta of 1.19. The company's fifty day moving average is C$172.65 and its two-hundred day moving average is C$156.44.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last released its quarterly earnings data on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The firm had revenue of C$4.75 billion during the quarter.

Insider Activity at Canadian National Railway

In related news, Director Justin M. Howell acquired 350 shares of the company's stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the transaction, the director owned 350 shares in the company, valued at C$53,459. This trade represents a ∞ increase in their position. 2.64% of the stock is currently owned by insiders.

Canadian National Railway News Summary

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS forecast to $2.10 from $1.99 and its full-year 2026 estimate to $8.22 from $7.84. The firm also increased its FY2027 forecast to $8.81 from $8.71, indicating improved near- and medium-term earnings expectations. What is Zacks Research's Forecast for TSE: CNR Q4 Earnings?
• Positive Sentiment: Quarterly estimates were lifted for Q2 2027 to $2.20 from $2.11, Q3 2027 to $2.24 from $2.13, Q4 2027 to $2.30 from $2.28, Q1 2028 to $2.33 from $2.26, and Q2 2028 to $2.29 from $2.19.
• Positive Sentiment: Zacks increased its FY2028 EPS forecast to $9.79 from $9.38. That represents the largest revision and implies stronger long-term earnings potential for CNR.
• Neutral Sentiment: The revised FY2026 EPS estimate of $8.22 remains slightly below the current consensus estimate of $8.26, so investors may look for further evidence from operating results before assigning significant upside to the forecasts.

About Canadian National Railway

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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