Nearing the end of the quarter and the year, CN’s 2015 will clearly not match the growth seen in 2014, when adjusted earnings grew 23%.
For FY2015, we expect adjusted EPS will grow by 16%, fulfilling CN’s guidance for ‘double-digit’ earnings growth. Year-over-year, CN’s carloads are down 2.4% and in 4Q15, carloads are down 8.2%. Excluding the ~100,000 carload drop from reduced iron ore shipments, carloads are down ~1% in 4Q15. We now anticipate only 3.6% in revenue growth in 2015 versus 2014. W ....
31 Dec 2015
CN (CNR) 4Q15 Freight Volume Update
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CN (CNR) 4Q15 Freight Volume Update
Canadian National Railway Company (CNR:TSE) | 0 0 (-0.4%) | Mkt Cap: 71,463m
- Published:
31 Dec 2015 -
Author:
Steven I. Paget -
Pages:
8
Nearing the end of the quarter and the year, CN’s 2015 will clearly not match the growth seen in 2014, when adjusted earnings grew 23%.
For FY2015, we expect adjusted EPS will grow by 16%, fulfilling CN’s guidance for ‘double-digit’ earnings growth. Year-over-year, CN’s carloads are down 2.4% and in 4Q15, carloads are down 8.2%. Excluding the ~100,000 carload drop from reduced iron ore shipments, carloads are down ~1% in 4Q15. We now anticipate only 3.6% in revenue growth in 2015 versus 2014. W ....