CP

Canadian National (CNI) is expected to report Q3 2026 earnings on October 30 with consensus EPS of $1.49 (+12% YoY) and revenues of $3.27B (+8.1% YoY). However, a negative Earnings ESP of -0.57% combined with a Zacks Rank #3 makes an earnings beat unlikely. Similarly, Canadian Pacific Kansas City (CP) faces headwinds with a -1.03% Earnings ESP and Zacks Rank #3, despite expected EPS growth of +18.8% YoY.

Canadian Pacific Kansas City is set to report Q3 2026 earnings on October 28, with Wall Street expecting 18.8% year-over-year EPS growth to $0.95 per share and 14% revenue growth to $3.03 billion. However, the company's Earnings ESP of -1.03% combined with a Zacks Rank #3 makes it difficult to predict an earnings beat, and analysts have recently become bearish on earnings prospects.

Canadian Pacific Kansas City Limited announced its 2026 Holiday Train program, beginning November 19 with 182 stops across Canada and the United States over 32 days. The expanded initiative includes 10 first-time stops in the southern U.S. across Missouri, Mississippi, Louisiana, and Texas. Since 1999, the program has raised over $28.3 million and collected more than 5.6 million pounds of food for community food banks.

Canadian National Railway (CNI) achieved a new quarterly record by moving 7.94 million metric tonnes of Western Canadian grain in Q3 2026, surpassing the previous 2020 record of 7.48 MMT. The strong performance was driven by customer demand, supply-chain coordination, and effective strategy execution.

CNI has also unveiled its 2026-2027 Winter Plan to maintain operational efficiency during harsh weather conditions. Canadian Pacific Kansas City (CP) also reported strong grain movement records in Q3 2026.

Canadian Pacific Kansas City (CP) achieved record grain volumes in Q3 2026, moving 2.94 million metric tons in Canada and 2.51 million metric tons in the U.S. during September. The company surpassed previous records from 2020, demonstrating strong operational efficiency in North American grain transportation. CP has moved over 4.99 million metric tons through Week 8 of the crop year, highlighting the importance of reliable rail infrastructure in connecting producers with domestic and international markets.

While industrial stocks are currently trading at premium valuations due to AI infrastructure investments, two non-AI-benefiting industrial stocks—Waste Management and Canadian Pacific Kansas City—are positioned as attractive buying opportunities during a future market downturn. Both have demonstrated strong historical returns post-crash and offer defensive characteristics with steady growth potential.

Canadian Pacific Kansas City (CP) has outperformed the broader Transportation sector with a 15.6% year-to-date return compared to the sector's 5.5% average. CP holds a Zacks Rank #1 (Strong Buy) with improving analyst sentiment, as consensus earnings estimates have increased 3.8% in the past quarter. However, CP slightly underperforms its Transportation-Rail industry peers, which have gained 18.1% year-to-date.