What is Zacks Research’s Forecast for CNI Q3 Earnings?

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) – Research analysts at Zacks Research raised their Q3 2026 earnings per share estimates for Canadian National Railway in a note issued to investors on Friday, August 7th. Zacks Research analyst Team now expects that the transportation company will earn $1.50 per share for the quarter, up from their previous 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) (TSE:CNR) last issued its earnings results on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the firm earned $1.87 EPS. The business’s revenue was up 11.3% on a year-over-year basis.

Several other research analysts have also weighed in on CNI. Canadian Imperial Bank of Commerce upped their target price on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Barclays lifted their price target on shares of Canadian National Railway from $109.00 to $130.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Weiss Ratings upgraded Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Bank of America upped their price target on Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Citizens Jmp initiated coverage on Canadian National Railway in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of “Hold” and an average target price of $137.40.

Canadian National Railway Stock Down 1.2%

Shares of NYSE CNI opened at $125.06 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 firm has a 50-day moving average price of $122.67 and a 200 day moving average price of $112.94. The stock has a market capitalization of $75.79 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 2.36 and a beta of 0.95.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 8th. Canadian National Railway’s dividend payout ratio (DPR) is 47.34%.

Institutional Trading of Canadian National Railway

Several institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in Canadian National Railway by 19.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 103 shares during the period. Minot DeBlois Advisors LLC raised its position in shares of Canadian National Railway by 2.0% during the 4th quarter. Minot DeBlois Advisors LLC now owns 5,132 shares of the transportation company’s stock worth $507,000 after purchasing an additional 103 shares during the period. Tacita Capital Inc raised its position in shares of Canadian National Railway by 0.6% during the 4th quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock worth $1,960,000 after purchasing an additional 109 shares during the period. Roberts Glore & Co. Inc. IL lifted its holdings in shares of Canadian National Railway by 1.5% in the 4th quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock worth $715,000 after purchasing an additional 110 shares during the last quarter. Finally, Patten Group Inc. lifted its holdings in shares of Canadian National Railway by 1.4% in the 4th quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock worth $823,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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.