Canadian National Railway (NYSE:CNI) reported its Q1 earnings results on Tuesday, April 26, 2022 at 05:05 PM.
Here's what investors need to know about the announcement.
Earnings
Canadian National Railway missed estimated earnings by 10.34%, reporting an EPS of $1.04 versus an estimate of $1.16.
Revenue was up $143.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.2 which was followed by a 3.0% drop in the share price the next day.
Here's a look at Canadian National Railway's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.16 | 1.16 | 1.21 | 1 |
| EPS Actual | 1.36 | 1.21 | 1.21 | 0.97 |
| Revenue Estimate | 2.81B | 2.81B | 2.94B | 2.88B |
| Revenue Actual | 2.98B | 2.85B | 2.93B | 2.78B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Canadian National Railway management provided guidance for FY 2022, expecting earnings between $5.39 and $5.63 per share.
To track all earnings releases for Canadian National Railway visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
