11:31 AM EDT, 05/13/2025 (MT Newswires) -- RBC polled investors in its most recent survey, on their expectations for the 2025 EPS growth guidance for Canadian rails.

According to RBC, half of investors expect guidance of ~10% EPS growth for CN Rail, which analysts Walter Spracklin and James McGarragle note compares to consensus +12%. "CN management has typically been conservative when providing their initial guidance and we would therefore view guidance in this range as neutral to sentiment."

For CP, over half of investors expect management to provide 2025 EPS guidance of mid-teen versus consensus expectations of +17%. "This aligns with our expectations for CP management to provide official guidance of "double-digit" EPS growth but then to provide additional color pointing to EPS growth closer to mid to high teen."

Canadian rails report later this week.

RBC is also hosting its annual RBC Canadian Industrials Conference in Toronto with 33 participating companies. RBC will be looking for a real-time update on tariffs and the impact to freight flows as these remain top of mind for investors. The analysts expect acquisition activity to be an important "self-help" offset at Mullen Group (MTL.TO) and TFI International (TFII.TO).

Price: 147.07, Change: +0.56, Percent Change: +0.38