What is Zacks Research’s Estimate for TSE:CNR Q4 Earnings?

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at Zacks Research raised their Q4 2026 earnings per share estimates for Canadian National Railway in a report released on Friday, August 7th. Zacks Research analyst Team now expects that the company will post earnings per share of $2.17 for the quarter, up from their previous estimate of $2.16. 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 Q1 2027 earnings at $2.06 EPS.

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

Several other research analysts have also recently weighed in on CNR. Sanford C. Bernstein lifted their price target on shares of Canadian National Railway from C$163.00 to C$196.00 in a research note on Thursday, July 16th. National Bank Financial raised their target price on Canadian National Railway from C$173.00 to C$192.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Scotia lifted their target price on Canadian National Railway from C$194.00 to C$199.00 and gave the company a “sector outperform” rating in a research report on Monday, July 27th. Citizens Jmp raised Canadian National Railway to a “hold” rating in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada upped their price target on Canadian National Railway from C$195.00 to C$205.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Stock Performance

Shares of TSE CNR opened at C$175.72 on Monday. Canadian National Railway has a 12-month low of C$126.11 and a 12-month high of C$185.25. The firm has a market capitalization of C$106.29 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26. The firm has a 50 day moving average of C$172.81 and a 200 day moving average of C$156.71.

Insider Activity

In other news, Director Justin M. Howell acquired 350 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the transaction, the director directly owned 350 shares of the company’s stock, valued at approximately C$53,459. This trade represents a ∞ increase in their ownership of the stock. 2.64% of the stock is currently owned by company insiders.

Key Headlines Impacting Canadian National Railway

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

• Positive Sentiment: Record crop year supports freight demand: CN reported a record 2025–26 crop year, indicating strong grain shipments and resilient agricultural volumes. The result could support revenue growth and network utilization, although the article does not provide specific financial figures. CN Reports a Record 2025-26 Crop Year
• Positive Sentiment: Zacks raises near- and long-term EPS forecasts: Zacks Research increased its Q3 2026 EPS estimate to $2.10 from $1.99 and its FY2026 estimate to $8.22 from $7.84. It also lifted FY2027 EPS to $8.81 from $8.71 and FY2028 EPS to $9.79 from $9.38. Estimates for Q2 2027, Q3 2027, Q4 2027, Q1 2028 and Q2 2028 were also raised, suggesting analysts see improving earnings momentum beyond the current year. Zacks Research Forecast for CNR Earnings
• Neutral Sentiment: The revised FY2026 EPS forecast of $8.22 remains slightly below the reported consensus estimate of $8.26, so the upgrades are constructive but may already be partly reflected in the valuation. CN recently reported quarterly revenue of C$4.75 billion and EPS of C$2.08, with a net margin of 26.92%.

Canadian National Railway Company Profile

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.