Canadian National Railway Company: EPS $1.54 vs $1.49 expected; revenue $3.35B vs $3.27B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 1.54 | 1.49 | +3.4% | 1.33 |
| Revenue (USD bn) | 3.35 | 3.27 | +2.4% | 2.99 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 30, 2026 | Q3 FY2026 | 1.54 | 1.49 | +3.4% | 3.35 | 3.27 | +2.4% |
| Jul 24, 2026 | Q2 FY2026 | 1.50 | 1.39 | +7.9% | 3.35 | 3.26 | +2.6% |
| Apr 29, 2026 | Q1 FY2026 | 1.31 | 1.31 | 0.0% | 3.15 | 3.15 | 0.0% |
| Jan 30, 2026 | Q4 FY2025 | 1.49 | 1.43 | +4.2% | 3.25 | 3.25 | +0.1% |
| Oct 31, 2025 | Q3 FY2025 | 1.33 | 1.28 | +3.9% | 2.99 | 2.99 | 0.0% |
| Jul 22, 2025 | Q2 FY2025 | 1.35 | 1.37 | −1.5% | 3.14 | 4.17 | −24.8% |
| May 1, 2025 | Q1 FY2025 | 1.29 | 1.26 | +2.4% | 3.09 | 4.36 | — |
| Jan 30, 2025 | Q4 FY2024 | 1.30 | 1.37 | −5.1% | 3.03 | 4.37 | — |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures. Figures are in USD as carried for this US-traded line; the company reports in another currency.
Canadian National Railway Company results: EPS $1.54 vs $1.49 expected; revenue $3.35B vs $3.27B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 3.4%; revenue above the estimate by 2.4%. Figures are in USD as carried for this US-traded line; the company reports in CAD.
Revenue was up 12.0% from $2.99 billion a year earlier (Q3 FY2025). EPS was up 15.8% from $1.33 a year earlier. On its record, EPS topped analysts' estimates in 4 of 7 earlier comparable reports.
What the results mean
Revenue growth points to expanding business at Canadian National Railway Company, but the available information does not establish whether shipment volumes, pricing, or freight mix drove it. That distinction matters for understanding the nature of growth and its contribution to profitability.
The company connects trade, industrial production, and agriculture by transporting grain, fertilizers, petroleum products, chemicals, minerals, forest products, containers, and automobiles. This freight diversity makes demand by cargo category more informative than the overall revenue direction alone.
The company also operates in marine terminal management, distribution, automotive supply chains, and freight management. These logistics activities provide context for its role in moving goods across Canada and the United States, although their contribution to the results is not identified in the available information.
What to watch on the earnings call: Watch for management's explanation of revenue growth, including shipment volumes, pricing, and freight mix, and how demand differs across agricultural cargo, industrial freight, containers, and automobiles. Comments on network efficiency, operating costs, and infrastructure spending would also help explain the relationship between business growth and margins.
For the full analysis of Canadian National Railway Company stock — valuation, scores and financial statements — see the stock page linked with this story.