Canadian National Railway Beats on Both Top and Bottom Lines
Canadian National Railway (NYS: CNI) reported earnings on April 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Canadian National Railway beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Margins improved across the board.
Canadian National Railway tallied revenue of $2.35 billion. The 16 analysts polled by S&P Capital IQ wanted to see a top line of $2.27 billion on the same basis. GAAP reported sales were 9.6% higher than the prior-year quarter's $2.15 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.18. The 12 earnings estimates compiled by S&P Capital IQ averaged $1.04 per share on the same basis. GAAP EPS of $1.75 for Q1 were 17% higher than the prior-year quarter's $1.49 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 46.9%, 150 basis points better than the prior-year quarter. Operating margin was 33.8%, 280 basis points better than the prior-year quarter. Net margin was 33.0%, 90 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.46 billion. On the bottom line, the average EPS estimate is $1.42.
Next year's average estimate for revenue is $9.79 billion. The average EPS estimate is $5.36.
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 $83.99.
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At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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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