Canadian National Railway Co
CNR: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 221.00 | Fbkg | Kcdtynff |
Canadian National Earnings: Margins Unspectacular, but Weather a Factor and Guidance Reaffirmed
Wide-moat Canadian National's first-quarter revenue declined roughly 1.5% year over year due to a slight volume decline, along with easing accessorial income and lower fuel surcharges, which reduced total yield. Core carload pricing remains positive. Revenue was slightly shy of our expected run rate, partly because of coal, which should see sequential recovery in the quarters ahead.