What to Expect When Rogers and CN Rail Report

Two great businesses are set to kick-off a barrage of Canadian earnings.

| More on:
The Motley Fool

Earnings season has been in full swing south of the border for a couple weeks and it’s just about to heat up here in Canada (like the weather, hopefully).

Rogers Communications (TSX:RCI.B,NYSE:RCI) and CN Rail (TSX:CNR,NYSE:CNI) are scheduled to make their first quarter releases later today.  Here’s what to expect….

Rogers

Analysts expect Rogers to announce first quarter earnings of $0.77 with full year estimates currently pegged at $3.45.  First quarter and full year revenues are expected to be $3.1 billion and $12.8 billion respectively.  During the last month, according to Capital IQ, four of the 10 analysts that make up the consensus have downwardly revised their estimate for this quarter’s earnings.  We’ll see if these downward revisions allow Rogers to “beat” the lowered expectations.

CN Rail

First quarter earnings of $1.21/share are expected out of CN later today.  The long, tough winter that many parts of Canada have had could lead to quarterly results that are a tad shy of this estimate.  19 of the 24 analysts that form the consensus have taken their first quarter estimate down in the past month.  If first quarter EPS is light, the achievability of the current full-year EPS estimate of $6.12 will come into question.  Company guidance will be important.

Though Rogers and CN operate in different businesses, they share one dominant characteristic.  Both companies have a moat.  Companies that have a moat are relatively rare in the Canadian market, which is why we’ve created a special FREE report that profiles 3 U.S. businesses that offer this very same characteristic.  “3 U.S. Stocks Every Canadian Should Own” will help you to load up your portfolio with a diversified collection of world-class businesses.  Simply click here to receive this FREE report!

Follow us on Twitter and Facebook for the latest in Foolish investing.

Fool contributor Iain Butler does not own any of the companies mentioned in this report at this time.  David Gardner owns CN Rail.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

More on Investing

grow dividends
Dividend Stocks

These 3 Stocks Could Grow (at Least 5X) in the Next Decade if They Repeat History

Three stocks could soar by least five times more if they repeat history with the return of a bull market.

Read more »

analyze data
Investing

Brookfield Stock: Deep Value Hiding in Plain Sight as Shares Sink to 52-Week Lows

Brookfield Corp. (TSX:BN) stock seems like a great buy versus Brookfield Asset Management (TSX:BAM) for TSX value investors.

Read more »

Illustration of bull and bear
Investing

3 Stocks to Buy if You Think There’s a Bull Market Coming

Are you anticipating a bull market? Here are three stocks to buy!

Read more »

online shopping
Tech Stocks

Is Shopify Stock a Buy in March?

Shopify stock has had a volatile run, but fundamentals are strong, and valuations are much lower after its 71% decline.

Read more »

data analyze research
Tech Stocks

2 Top Stocks to Buy in March 2023

Given their solid financials and high-growth prospects, these two stocks are excellent buys right now.

Read more »

work from home
Dividend Stocks

3 Stocks to Hold for the Next 20 Years

Are you looking for some stocks to hold for 20 years or more? Here are three great options to consider…

Read more »

little girl in pilot costume playing and dreaming of flying over the sky
Dividend Stocks

3 Stocks You’ll Probably Be Able to Pass On to Your Grandkids

Three stocks are ideal holdings for generational wealth builders who will eventually pass these assets to the next generation or…

Read more »

Dividend Stocks

SmartCentres: Is Your Dividend at This REIT Safe?

The interest rate hike has pulled down property prices. Should you be worried about your monthly passive income from this…

Read more »