Earnings from Canadian National Railway Company [CNI] are scheduled on April 26, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
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CNI Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $1 per share on revenue of $2.88B. Taking a look at the future, the company is projected to report revenue of $2.97B at an earnings per share of $1.24 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 7.20% in revenue and 14.06% in earnings per share for the company.
CNI Stock Earnings Forecast For The Current Year
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For the full financial year, Canadian National Railway Company [NYSE:CNI] is forecasted to generate revenue of $11.91B. The figure is about $940.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $4.73 in 2021, which is $0.51 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 12.10% this year, 14.20% next year, and 9.42% annually over the next five years. With regard to sales, forecasts suggest an incline of 8.50% in current fiscal year and 7.20% over following year.
CNI Stock Price Performance
At a last check today, Canadian National Railway Company [NYSE:CNI] finished up 0.09% at $108.96. The stock’s day high price was $114.74, and its lowest was $108.60. Its price fall -8.34% in the last five days. Since the beginning of the year, Canadian National Railway Company’s shares are down nearly -0.90%. However, the share price is -8.90% below its one year high. The top price reached by the shares of the company was $119.61 on 04/19/21, while the 52-week low came on 01/28/21, when the shares were $100.78. In the past year, shares of the company have risen 40.94%. At 50 days, the moving average achieved is $113.83 while at 200 days, the moving average is $107.69. There were 0.68 million shares traded in the last session, down from 2.41 million in the previous session.
Canadian National Railway Company [NYSE:CNI] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 28.37, Canadian National Railway Company [CNI] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 18.89 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 7.07 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.12 for the industry, which means CNI offers an unattractive investment opportunity than its competitors do.
CNI Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 109.29 level, and the violation of this level will cause a further drop to 106.73 level. At the upper end, 119.01 remains a key resistance. As the stock increases, it may find resistance at 116.87. In the 14-day chart, the Relative Strength Index standing at 33.30 suggests a technical neutral stance while the MACD standing at -5.28 indicates price will decrease in the next trading period. Stochastic %K at 9.88% suggests buying the stock while Percent R indicator at 89.38% suggests bearish price movement.
How much is the short interest in Canadian National Railway Company?
There have been a drop in short interest in the Canadian National Railway Company Financial stock, with short interest down by -0.12 million shares to 2.01 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 1.89 million shares. This 5.97% increase suggests some bearish sentiment was experienced by the stock.
How do analysts view Canadian National Railway Company?
In regard to the share price forecast for Canadian National Railway Company stock, the analysts, as surveyed by FactSet, forecast the price to reach $150.00 in the next twelve months, representing almost an 27.36% growth from its recent price of $108.96. Among Canadian National Railway Company stock projections, $165.00 is the highest analyst target for the stock, while $122.62 is the lowest. Despite this, 26 analysts who share their consensus rating for CNI in 2021 agree that the stock is a Hold. The latest rating change took place on 1/27/21, when Cowen & Co. Ratings downgraded the stock from “Outperform” to “Market Perform.”