Canadian National Railway Future Growth

Future criteria checks 2/6

Canadian National Railway is forecast to grow earnings and revenue by 4.2% and 5.8% per annum respectively. EPS is expected to grow by 6.4% per annum. Return on equity is forecast to be 29.7% in 3 years.

Key information

4.2%

Earnings growth rate

6.4%

EPS growth rate

Transportation earnings growth	22.3%
Revenue growth rate	5.8%
Future return on equity	29.7%
Analyst coverage	Good
Last updated	24 Apr 2024

Recent future growth updates

Recent updates

Canadian National Railway: Dividend Increases, Transformation, And M&A Imply Undervaluation

Mar 14

Canadian National Has Entered Buy Zone: Navigating Challenges, Embracing Opportunity

Oct 25

Canadian National Railway: Why I've Been Buying This Wide Moat Compounder

Oct 13

Riding Canadian National Railway

Sep 08

Canadian National Railway: Faces Short-Term Challenges But Long-Term Growth Intact

Aug 08

Canadian National: Despite Challenges, This Stock Is A Buy On Weakness

Jul 26

Boarding Canadian National Railway

Jul 06

Canadian National: Riding The Rails Of Profit

May 28

Canadian National Railway Non-GAAP EPS of C$2.10 beats by C$0.02, revenue of C$4.54B beats by C$60M

Jan 24

CN ratifies new agreement for rail traffic controllers in Canada

Jan 03

Buying High-Quality Dividends With Canadian National

Nov 10

Canadian National Railway GAAP EPS of C$2.13 beats by C$0.12, revenue of C$4.51B beats by C$190M

Oct 25

Canadian National Railway: A Quality Dividend Stock At A Historically Attractive Price

Oct 05

CN proposes $1.5B debt offering

Aug 03

Canadian National Railway Non-GAAP EPS of C$1.93 beats by C$0.17, revenue of C$4.34B beats by C$250M

Jul 26

Canadian National announces investments in Mississippi, Minnesota

Jun 29

Canadian National: A Conservative Dividend Growth Gem

Jun 16

Canadian National: Weakness Is An Opportunity

Apr 27

Canadian National's Dividend Is Getting Attractive

Feb 23

Canadian National Railway: Closer But Not Quite Yet

Jan 17

Canadian National: Shareholder Activism And Good Earnings Boost Its Stock Price

Oct 25

Earnings and Revenue Growth Forecasts

NYSE:CNI - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	19,872	5,921	4,042	8,098	14
12/31/2025	18,837	5,487	4,117	7,743	29
12/31/2024	17,815	5,067	3,610	7,013	28
3/31/2024	16,764	5,508	3,725	7,027	N/A
12/31/2023	16,828	5,625	3,778	6,965	N/A
9/30/2023	16,899	4,915	3,651	6,824	N/A
6/30/2023	17,425	5,262	4,424	7,424	N/A
3/31/2023	17,712	5,420	4,320	7,152	N/A
12/31/2022	17,107	5,118	3,917	6,667	N/A
9/30/2022	16,318	4,899	3,737	6,481	N/A
6/30/2022	15,396	5,130	3,991	6,827	N/A
3/31/2022	14,650	4,841	3,731	6,589	N/A
12/31/2021	14,477	4,899	4,080	6,971	N/A
9/30/2021	14,380	4,719	4,061	6,893	N/A
6/30/2021	14,198	4,018	2,968	5,655	N/A
3/31/2021	13,809	3,527	3,265	5,937	N/A
12/31/2020	13,819	3,545	3,302	6,165	N/A
9/30/2020	13,747	3,414	2,649	5,675	N/A
6/30/2020	14,168	3,624	2,851	6,147	N/A
3/31/2020	14,918	4,441	2,341	6,106	N/A
12/31/2019	14,917	4,216	2,058	5,923	N/A
9/30/2019	15,141	4,486	2,211	6,322	N/A
6/30/2019	14,999	4,425	2,042	6,194	N/A
3/31/2019	14,671	4,373	2,351	6,160	N/A
12/31/2018	14,321	4,328	2,387	5,918	N/A
9/30/2018	13,798	5,796	2,205	5,350	N/A
6/30/2018	13,331	5,620	2,325	5,192	N/A
3/31/2018	13,029	5,341	2,313	5,015	N/A
12/31/2017	13,041	5,484	N/A	5,516	N/A
9/30/2017	12,973	3,891	N/A	5,545	N/A
6/30/2017	12,766	3,905	N/A	5,627	N/A
3/31/2017	12,279	3,732	N/A	5,393	N/A
12/31/2016	12,037	3,640	N/A	5,202	N/A
9/30/2016	11,986	3,563	N/A	5,117	N/A
6/30/2016	12,194	3,598	N/A	5,281	N/A
3/31/2016	12,477	3,626	N/A	5,213	N/A
12/31/2015	12,611	3,538	N/A	5,140	N/A
9/30/2015	12,652	3,441	N/A	4,982	N/A
6/30/2015	12,548	3,287	N/A	4,658	N/A
3/31/2015	12,539	3,248	N/A	4,728	N/A
12/31/2014	12,134	3,167	N/A	4,381	N/A
9/30/2014	11,672	2,958	N/A	4,344	N/A
6/30/2014	11,252	2,810	N/A	4,082	N/A
3/31/2014	10,802	2,680	N/A	3,872	N/A
12/31/2013	10,575	2,612	N/A	3,548	N/A
9/30/2013	10,364	2,587	N/A	3,174	N/A
6/30/2013	10,163	2,546	N/A	3,108	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNI's forecast earnings growth (4.2% per year) is above the savings rate (2.3%).

Earnings vs Market: CNI's earnings (4.2% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: CNI's earnings are forecast to grow, but not significantly.

Revenue vs Market: CNI's revenue (5.8% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: CNI's revenue (5.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CNI's Return on Equity is forecast to be high in 3 years time (29.7%)

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Canadian National Railway Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Canadian National Railway Company Reiterates Financial Guidance for 2023

Canadian National Railway Company Provides Earnings Guidance

Canadian National Railway Company Provides Earnings Guidance for the Year 2022

Recent updates

First quarter 2024 earnings: Revenues and EPS in line with analyst expectations

CN Declares Second-Quarter 2024 Dividend, Payable on June 28, 2024

Now 20% overvalued after recent price rise

Canadian National Railway Company Announces Chief Commercial Officer Changes

Canadian National Railway: Dividend Increases, Transformation, And M&A Imply Undervaluation

Canadian National Is My Top Pick Among Class 1 Railroads

Upcoming dividend of CA$0.84 per share

Now 21% overvalued after recent price rise

Canadian National Railway Company, Annual General Meeting, Apr 26, 2024

Fourth quarter dividend of CA$0.84 announced

Full year 2023 earnings: EPS exceeds analyst expectations

Canadian National Railway: A Bright Future Ahead

Canadian National Railway Company Approves Dividend for the First-Quarter 2024, Payable on March 28, 2024

CN Announces Remi G. Lalonde as Executive Vice-President

Canadian National Railway: Better To Wait For The Next Train

Canadian National Railway Company (TSX:CNR) agreed to acquire Iowa Northern Railway Company.

Upcoming dividend of CA$0.79 per share at 2.1% yield

Why Canadian National Railway Is The Only Railroad Able To Increase Buybacks

Canadian National Railway Company (TSX:CNR) acquired an unknown stake in Cape Breton & Central Nova Scotia Railway Limited from Genesee & Wyoming Inc.

Canadian National Railway Company to Report Q2, 2024 Results on Jul 23, 2024

Canadian National Railway Company to Report Fiscal Year 2023 Results on Jan 23, 2024

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Canadian National Railway Company Declares Fourth-Quarter 2023 Dividend, Payable on December 28, 2023

Canadian National Has Entered Buy Zone: Navigating Challenges, Embracing Opportunity

CN Announces Management Changes

Canadian National Railway: Why I've Been Buying This Wide Moat Compounder

Canadian National Railway Company Announces Upgrade to Falcon Premium Intermodal Service

Riding Canadian National Railway

Upcoming dividend of CA$0.79 per share at 2.0% yield

Canadian National Railway: Faces Short-Term Challenges But Long-Term Growth Intact

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Canadian National Railway Company Reiterates Financial Guidance for 2023

Canadian National: Despite Challenges, This Stock Is A Buy On Weakness

Boarding Canadian National Railway

Upcoming dividend of CA$0.79 per share at 2.1% yield

Canadian National: Riding The Rails Of Profit

Insider recently sold US$556k worth of stock

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of CA$0.79 per share at 2.0% yield

Canadian National Railway Company, Annual General Meeting, Apr 25, 2023

Insider recently bought US$82k worth of stock

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Canadian National Railway Company Provides Earnings Guidance

Canadian National Railway Non-GAAP EPS of C$2.10 beats by C$0.02, revenue of C$4.54B beats by C$60M

CN ratifies new agreement for rail traffic controllers in Canada

CN Names Ed Harris as Chief Operating Officer

Upcoming dividend of CA$0.73 per share

High number of new directors

Buying High-Quality Dividends With Canadian National

Canadian National Railway Company to Report Q2, 2023 Results on Jul 25, 2023

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Canadian National Railway Company Declares Fourth Quarter Dividend, Payable on December 29, 2022

Canadian National Railway GAAP EPS of C$2.13 beats by C$0.12, revenue of C$4.51B beats by C$190M

Canadian National Railway: A Quality Dividend Stock At A Historically Attractive Price

Canadian National Railway Company Appoints Michel Letellier to its Board of Directors, Effective October 1, 2022

Insider recently sold US$74m worth of stock

Upcoming dividend of CA$0.73 per share

Insider recently sold US$86m worth of stock

Insider recently sold US$158k worth of stock

CN proposes $1.5B debt offering

CN Approves Third-Quarter 2022 Dividend on the Company’s Common Shares Outstanding, Payable on September 29, 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Canadian National Railway Non-GAAP EPS of C$1.93 beats by C$0.17, revenue of C$4.34B beats by C$250M

Canadian National announces investments in Mississippi, Minnesota

Canadian National: A Conservative Dividend Growth Gem

Insider recently bought US$114k worth of stock

Upcoming dividend of CA$0.73 per share

Canadian National Railway Company Announces Board Appointments

President recently bought US$395k worth of stock

CN Announces Resignation of Jean Charest from the Board

High number of new directors

Canadian National: Weakness Is An Opportunity