Canadian National Railway Third Quarter 2024 Earnings: In Line With Expectations

Canadian National Railway (TSE:CNR) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$4.11b (up 3.1% from 3Q 2023).
• Net income: CA$1.09b (down 2.1% from 3Q 2023).
• Profit margin: 26% (down from 28% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CA$1.72.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Canadian National Railway Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Transportation industry in North America.

Performance of the market in Canada.

The company's shares are down 2.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Canadian National Railway that we have uncovered.

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