What is Zacks Research’s Estimate for TSE:CNR Q3 Earnings?

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Research analysts at Zacks Research lifted their Q3 2026 earnings estimates for Canadian National Railway in a report released on Friday, August 7th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $2.10 for the quarter, up from their previous estimate of $1.99. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. Zacks Research also issued estimates for Canadian National Railway’s FY2026 earnings at $8.22 EPS, Q2 2027 earnings at $2.20 EPS, Q3 2027 earnings at $2.24 EPS, Q4 2027 earnings at $2.30 EPS, FY2027 earnings at $8.81 EPS, Q1 2028 earnings at $2.33 EPS, Q2 2028 earnings at $2.29 EPS and FY2028 earnings at $9.79 EPS.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. The firm had revenue of C$4.75 billion during the quarter.

Several other analysts have also recently issued reports on the stock. Sanford C. Bernstein boosted their price objective on shares of Canadian National Railway from C$163.00 to C$196.00 in a research note on Thursday, July 16th. National Bank Financial increased their target price on Canadian National Railway from C$173.00 to C$192.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. Raymond James Financial lifted their target price on Canadian National Railway from C$198.00 to C$200.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Citizens Jmp raised Canadian National Railway to a “hold” rating in a research report on Wednesday, July 15th. Finally, Susquehanna lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average price target of C$183.29.

Canadian National Railway Stock Performance

TSE:CNR opened at C$174.34 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26. The company has a market cap of C$105.46 billion, a P/E ratio of 22.38, a P/E/G ratio of 3.38 and a beta of 1.19. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$185.25. The firm’s 50 day moving average is C$172.65 and its two-hundred day moving average is C$156.44.

Insider Buying and Selling

In related news, Director Justin M. Howell purchased 350 shares of Canadian National Railway stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the transaction, the director owned 350 shares of the company’s stock, valued at approximately C$53,459. The trade was a ∞ increase in their position. Company insiders own 2.64% of the company’s stock.

Canadian National Railway News Roundup

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS forecast to $2.10 from $1.99 and its full-year 2026 estimate to $8.22 from $7.84. The firm also increased its FY2027 forecast to $8.81 from $8.71, indicating improved near- and medium-term earnings expectations. What is Zacks Research’s Forecast for TSE:CNR Q4 Earnings?
• Positive Sentiment: Quarterly estimates were lifted for Q2 2027 to $2.20 from $2.11, Q3 2027 to $2.24 from $2.13, Q4 2027 to $2.30 from $2.28, Q1 2028 to $2.33 from $2.26, and Q2 2028 to $2.29 from $2.19.
• Positive Sentiment: Zacks increased its FY2028 EPS forecast to $9.79 from $9.38. That represents the largest revision and implies stronger long-term earnings potential for CNR.
• Neutral Sentiment: The revised FY2026 EPS estimate of $8.22 remains slightly below the current consensus estimate of $8.26, so investors may look for further evidence from operating results before assigning significant upside to the forecasts.

About Canadian National Railway

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.