Canadian National Railway Beats Analyst Estimates on EPS
Canadian National Railway (TSX: CNR) reported earnings on July 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Canadian National Railway met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly. Non-GAAP earnings per share increased. GAAP earnings per share grew.
Gross margins contracted, operating margins increased, net margins increased.
Canadian National Railway logged revenue of $2.53 billion. The 18 analysts polled by S&P Capital IQ predicted revenue of $2.55 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.58. The 28 earnings estimates compiled by S&P Capital IQ predicted $1.53 per share. Non-GAAP EPS of $1.58 for Q2 were 7.5% higher than the prior-year quarter's $1.47 per share. GAAP EPS of $1.60 for Q2 were 13% higher than the prior-year quarter's $1.41 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 50.9%, 10 basis points worse than the prior-year quarter. Operating margin was 39.1%, 40 basis points better than the prior-year quarter. Net margin was 26.9%, 210 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.60 billion. On the bottom line, the average EPS estimate is $1.62.
Next year's average estimate for revenue is $10.26 billion. The average EPS estimate is $5.92.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Canadian National Railway is hold, with an average price target of $97.27.
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The article Canadian National Railway Beats Analyst Estimates on EPS originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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