CN Rail's Raised Outlook Signals Consensus Estimates are Too Low

Dow Jones07-24 23:21

1121 ET - CN Rail's strong 2Q and raised EPS guidance for the year suggests consensus is too low. TD Cowen analyst Cherilyn Radbourne says CN Rail beat expectations across revenue, EBIT and EPS, helped by strength in grain, fertilizers and petroleum products. The railroad now calling for mid- to high-single-digit EPS growth on low-single-digit volume gains, compared with consensus 4% outlook. The company has also maintained its network performance, with car velocity flattish, fuel efficiency up by 3%, and gross ton-miles per employee increased 9%. Radbourne says the raised guidance "implies upside to the Street/our forecast," with network performance and fuel efficiency also supporting the improved view.(adriano.marchese@wsj.com)

 

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July 24, 2026 11:21 ET (15:21 GMT)

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