20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
CNI is set to give its latest quarterly earnings report on Tuesday, 2021-10-19. Here's what investors need to know before the announcement.
Analysts estimate that Canadian National Railway will likely report an Earnings Per Share (EPS) of $1.16
Canadian National Railway bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
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).
Historical Earnings Performance
Last quarter the company missed on EPS by $0.0, which was followed by a 1.88 increase in the share price the next day.
Here's a look at Canadian National Railway's past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.21 | 1 | 1.1 | 1.09 |
| EPS Actual | 1.21 | 0.97 | 1.1 | 1.04 |
| Revenue Estimate | 2.94B | 2.88B | 2.83B | 2.66B |
| Revenue Actual | 2.93B | 2.78B | 2.81B | 2.56B |
Stock Performance
Shares of Canadian National Railway were trading at $122.69 as of October 15. Over the last 52-week period, shares are up 9.57%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
If you want to track all upcoming earnings announcements, check out our Earnings Calendar here
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!