Tue Sep 17 06:25:24 UTC 2024: ## Canadian National Railway’s Q4 Earnings Forecast Cut by Atb Cap Markets

**TORONTO, ONTARIO – September 17, 2024** – Canadian National Railway (CNR) saw its Q4 2024 earnings per share (EPS) forecast lowered by analysts at Atb Cap Markets. The firm’s analyst, C. Murray, now anticipates earnings of $2.22 per share for the quarter, down from the previous estimate of $2.31.

The consensus estimate for the full year remains at $8.87 per share.

This adjustment comes after Canadian National Railway reported earnings of C$1.84 per share for the quarter ending July 23rd, missing the consensus estimate of C$1.93. The company’s revenue also fell short of analyst expectations, reaching C$4.33 billion compared to the projected C$4.40 billion.

Despite the lowered forecast, Canadian National Railway continues to show positive performance with a return on equity of 27.41% and a net margin of 32.02%.

Shares of CNR opened at C$163.87 on Monday. The company recently announced a quarterly dividend of $0.845 per share, payable on September 27th.

**Insider Trading Activity:**

In recent transactions, Director Shauneen Elizabeth Bruder purchased 544 shares of the firm’s stock on June 25th at an average price of C$160.21 per share. Additionally, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares on July 26th at an average cost of C$115.29 per share. Company insiders currently hold 1.69% of the company’s stock.

**About Canadian National Railway:**

Canadian National Railway operates in the rail, intermodal, trucking, and marine transportation and logistics industry in Canada and the United States. The company offers various services, including rail transportation, intermodal services, and logistics solutions.

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