Canadian National Railway Co (CNR.TO) has reported solid earnings, surpassing expectations and showing resilience in a challenging environment.
On July 24, 2026, Canadian National Railway Co (CNR.TO) released its second-quarter earnings for the fiscal year ending June 30, 2026. The company reported adjusted earnings per share (EPS) of $2.08, beating analyst estimates of $1.96 by 6.1%. This marks the third earnings beat in the last four quarters, reflecting a consistent trend of financial strength despite external challenges.
Recent earnings trend
Advertisement
Get up to $2,000 cash back
Open and fund a new Qtrade account with promo code SPRING26. Offer ends July 31, 2026.
Canadian National Railway Co
CNR.TO
CNR.TO
Canadian National Railway Co
WealthAwesomeMarket cap
$110.64B
P/E
23.5x
Div. yield
1.96%
Div. / share
$3.60
52W high
$185.25
52W low
$123.79
1W change
+1.09%
Beta
1.00
Analyst Price Targets
Based on analyst covering CNR
Wall Street analysts forecast CNR stock price to fall 1.9% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$179.47
-1.9% Upside
Current Price
C$182.91
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CNR's historical volatility
30-Day Vol
20.6%
Annualized
90-Day Vol
22.0%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$218.67
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$194.13 | C$180.83 โ C$208.40 |
| 60 trading days | C$206.03 | C$186.37 โ C$227.78 |
| 90 trading days | C$218.67 | C$193.39 โ C$247.26 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 20 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-30 | โ | 2.0700 | โ |
| 2026-06-30 | 2026-07-24 | 2.0800 | 1.9600 | +6.1% |
| 2026-03-31 | 2026-04-29 | 1.8000 | 1.8100 | -0.6% |
| 2025-12-31 | 2026-01-30 | 2.0800 | 1.9800 | +5.1% |
| 2025-09-30 | 2025-10-31 | 1.8300 | 1.7700 | +3.4% |
| 2025-06-30 | 2025-07-22 | 1.8700 | 1.8700 | +0.0% |
Investor takeaway: Investors should note Canadian National's strong earnings growth and improved productivity metrics, which position the company well for future performance. However, potential risks such as economic volatility and competitive pressures should also be considered when evaluating the stock.
EPS Surprises by 6.12%
Canadian National Railway Co's EPS of $2.08 outperformed estimates by $0.12, continuing a trend of exceeding market expectations and demonstrating strong operational resilience.
Bull case
The company's EPS grew by 12% year-over-year, and it has made significant improvements in productivity and fuel efficiency. These factors highlight its operational effectiveness. Strategic partnerships, like the one with Union Pacific, are expected to enhance market access and drive future growth.
Bear case
Challenges still exist, including economic uncertainties, fluctuating fuel prices, and potential impacts from wildfires in key operational areas. Additionally, overseas intermodal volumes are expected to weaken, which could pressure revenue in the latter half of the year.
Advertisement
Wealth Awesome Newsroom
The Wealth Awesome Newsroom delivers timely Canadian market updates, earnings, dividends, and stock movers for DIY investors. Coverage is reviewed against public filings and market data feeds.
View Full Profile โโ Reviewed by Certified Financial Professionals
This content has been reviewed by CFAยฎ charterholders and Certified Financial Planners (CFPยฎ) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFAยฎ charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFPยฎ professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
โ ๏ธ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
