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Research Alert: Cni Q1: Eps Beats, Revenue Lags, Operational Gains Amid Headwinds

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CNI posted Q1 adjusted EPS of CAD1.80, topping our CAD1.73 estimate but missing the consensus CAD1.81 forecast. Revenue declined 1% to CAD4.38B, as 3% volume growth was offset by a 3% freight revenue per RTM decline from FX and carbon tax headwinds. The operating ratio deteriorated 80 bps to 64.2%, as cost inflation outpaced revenue growth despite operational improvements including record Q1 fuel efficiency and 8% employee productivity gains. Segment performance was mixed: grain/fertilizers surged 10% while metals/minerals fell 11%, though underlying momentum remained solid with 2% constant currency revenue growth. Management reiterated expectations for flattish RTM growth in FY 26, with EPS growth slightly exceeding volume growth and a continued CAD2.8B capex program. FCF surged 44% to CAD900M, supporting CAD869M in share repurchases. We view the strong operational metrics and cash generation positively, though margin pressure from inflationary costs and FX headwinds remains a near-term concern.

$CNI

Treasury55d ago

SocGen Sees BoC On Hold With Rates, For Now; Says CAD May Come Under Pressure Ahead of USMCA Review

The Bank of Canada is set to leave the policy rate unchanged at 2.25% for the fourth straight meeting on Wednesday, at 9:45 a.m. ET, says Societe Generale.The rise in inflation expectations by businesses and households was evident in the latest BoC business survey (BOS), it noted. That could tempt the central bank to raise rates from the current 2.25% closer to the mid-point of the neutral range (2.75%) later this year, and with that reduce the negative spread versus Fed funds, barring a deterioration in the economy and escalation of tariff hostilities with the United States, it said.The Canadian dollar (CAD or loonie) has recovered around 2% against the US dollar (USD) in April, but the upcoming review of USMCA could cause investors to take profits into May, SocGen said.Support levels are situated at 1.3600/1.3570, while resistance rests at 1.3733 and 1.3815, according to the bank.

$CAD$CXY$USD

Research55d ago

First Quantum Minerals Maintained at Buy at Stifel Canada Following Q1 Results; Price Target Kept at C$52.00

Stifel Canada on Wednesday maintained its buy rating on the shares of First Quantum Minerals (FM.TO) and its C$52.00 price target following the miner's first-quarter results."First Quantum reported Q1/26 adjusted EPS of ($0.18) vs. our $0.02 (consensus: $0.03) and EBITDA of $326Mln vs. our $316Mln. Q1/26 EPS was negatively impacted by higher interest ($0.06 impact) and income tax ($0.20 impact) while EBITDA includes hedge losses of $144Mln (EBITDA ex-hedge losses: $470Mln). Q1/26 copper production of 96.5Kt at C1 cash cost of $2.51/lb was stronger vs. our 84.2Kt at $2.69/lb. GOP Resolution No.27 (April 7, 2026) authorized removal, processing and export of Cobre Panama stockpiled ore with first copper expected in late Q2/26 and 30-40Kt of additional contained copper included in revised 2026 guidance to 405-475Kt (from 375-435Kt) as expected. The net impact incremental FY26 guidance reduces our implied EBITDA by $125Mln or -5%, including higher C1 cash costs to $2.15-2.40/lb (from $1.95-2.20/lb) due to supply chain and F/X risks, and lower gold production (-13% to 150-175Koz) reflecting timing of the gold transition at Guelb Moghrein," analyst Ralph Profiti wrote..(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$FM.TO

Sectors55d ago

Natural Gas Falls as Mild Weather Checks Demand

Natural gas traded lower early Wednesday as mild temperatures continue to check cooling demand.Gas for June delivery was last seen down $0.05 to US$2.64 per million British thermal units.The drop comes as cool forecasts keep demand for electricity to power air conditions low, checking the call on supply from generators.Long-term forecasts from the National Weather Service offer little hope for a jump in demand, with the agency's sox to 14 day forecast expecting nearly all states east of the Rocky Mountains to have cooler than seasonal weather over the period.

$NGM6$UNG

Sectors55d ago

Sector Update: Energy Stocks Edge Higher Pre-Bell Wednesday

Energy stocks were edging higher pre-bell Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.2%.The United States Oil Fund (USO) was up 3.4% and the United States Natural Gas Fund (UNG) was 2.4% lower.Front-month US West Texas Intermediate crude oil was 3.7% higher at $103.58 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.6% to $115.29 per barrel, and natural gas futures were down 2.5% at $2.62 per 1 million British Thermal Units.TotalEnergies (TTE) shares were up 1% after the company posted higher Q1 adjusted earnings and revenue.Phillips 66 (PSX) stock was up more than 1% after the company reported that it swung to Q1 adjusted earnings.Delek US (DK) shares were up more than 4% after the company posted a swing to Q1 adjusted earnings as net revenue increased during the period.

$DK$PSX$TTE$UNG$USO$XLE

Mining & Metals55d ago

Grande Portage Resources Advances Permitting For New Amalga Gold Project; Lost 7.5% on Tuesday

Grande Portage Resources (GPG.V) initiated a "formal, comprehensive" Geochemical Characterization Program to advance permitting for the New Amalga Gold property in Southeast Alaska, with samples shipped on April 24, said the company on Wednesday.Geochemical characterization is a standard environmental study for metals mining projects and this testwork determines whether any of the different types of rock to be produced by the project have the potential to be reactive (acid-generating leading to metals release) over the long term. Previous limited testwork on a small number of New Amalga wallrock samples conducted in 2020-2021 showed favourable results, demonstrating significant net-acid-neutralizing ratios with all samples tested, noted the company.The current program will test a far larger number of samples which are representative of the different rock types in the areas planned to be extracted under the Preliminary Economic Assessment (PEA) mine plan with an effective date of February 11, 2026, said the company.In the PEA mine plan all development rock and ore sorter rejects produced by the mine are to be returned underground, primarily in the form of cemented rock fill (CRF) backfill, with no waste rock left on surface stockpiles after closure, it added, noting the testing program will also include the first-ever creation of CRF utilizing New Amalga material."The initiation of the geochemical program is a significant milestone in the progression of our environmental studies," said Ian Klassen, President and Chief Executive Officer. "The results of this program will be key inputs for the Federal NEPA environmental review process as well as State of Alaska mining permits. The backfill testing will also provide critical data to inform future engineering and costing studies. We are pleased that the project continues to gather momentum following the outstanding results from our PEA released last month."Shares in GPG were down $0.03 to $0.365 yesterday.

$GPG.V

Commodities55d ago

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Wednesday Ahead of Fed Policy Decision

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.02% and the actively traded Invesco QQQ Trust (QQQ) was 0.3% higher in Wednesday's premarket activity, ahead of the Federal Open Market Committee's policy decision.US stock futures were mixed, with S&P 500 Index futures up 0.01%, Dow Jones Industrial Average futures retreating 0.03%, and Nasdaq futures gaining 0.3% before the start of regular trading.The US Federal Reserve's Federal Open Market Committee will make its latest policy announcement at 2 pm ET, followed by a press conference by Fed Chair Jerome Powell.Mortgage applications declined in the week ending April 24 after a large increase in the previous week, as mortgage rates rose slightly, according to the Mortgage Bankers Association Wednesday.US housing starts rose to an annual pace of 1.502 million in March, topping forecasts of 1.38 million and increasing from 1.356 million previously.In March, US building permits fell to an annual rate of 1.372 million, missing expectations of 1.39 million and declining from 1.538 million in the prior reading.Durable goods orders rose 0.8% in March, beating expectations for a 0.5% increase and marking a rebound from the previous 1.2% drop.Weekly petroleum stocks data are due to be released at 10:30 am ET, followed by the Atlanta Federal Reserve Survey of Business Uncertainty for April at 11 am ET.In premarket activity, bitcoin was up by 1.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.8% higher, Ether ETF (EETH) advanced 1.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 0.01%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 0.7%, and the iShares US Technology ETF (IYW) was 0.5% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.8%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 1.6%, while the iShares Semiconductor ETF (SOXX) rose by 1.8%.United Microelectronics (UMC) shares were up more than 8% in Wednesday's premarket activity after the company reported Q1 earnings and revenue.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.7%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.6% lower.UBS Group (UBS) shares were up more than 5% pre-bell after the company reported higher Q1 earnings and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.3%, while the Vanguard Industrials Index Fund (VIS) was flat and the iShares US Industrials ETF (IYJ) was down 1.1%.AerCap Holdings (AER) stock was up more than 5% before the opening bell after the company reported higher Q1 revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.4%, the Vanguard Health Care Index Fund (VHT) lost 0.3%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was flat.GSK (GSK) stock was down more than 4% premarket even after the company reported higher Q1 core earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated by 0.1%. The iShares US Consumer Staples ETF (IYK) advanced 0.5%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.4%. The VanEck Retail ETF (RTH) gained 0.1%, while the State Street SPDR S&P Retail ETF (XRT) was 0.2% lower.Yum China (YUMC) shares were up more than 3% pre-bell after the company reported Q1 adjusted earnings and revenue.EnergyThe iShares US Energy ETF (IYE) was up 0.9%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.2%.Phillips 66 (PSX) stock was up more than 1% before the opening bell after the company reported it swung to Q1 adjusted earnings.CommoditiesFront-month US West Texas Intermediate crude oil rose by 3.3% to $103.22 per barrel on the New York Mercantile Exchange. Natural gas retreated by 1.3% to $2.66 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 3.4%, while the United States Natural Gas Fund (UNG) was 1.3% lower.Gold futures for May were down by 0.7% at $4,576.40 an ounce on the Comex. Silver futures retreated by 0.9% to $73.05 an ounce. SPDR Gold Shares (GLD) was 0.6% lower, and the iShares Silver Trust (SLV) fell by 0.6%.

Dow JonesNasdaq CompositeS&P 500$AER$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$GSK$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$PSX$QQQ$RTH$SLV$SOXX$SPY$UBS$UMC$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD$YUMC

Sectors55d ago

Sector Update: Financial Stocks Advance Premarket Wednesday

Financial stocks were advancing premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.2% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.5%.UBS Group (UBS) shares were up 5% after the company posted higher Q1 earnings and revenue.Banco Santander (SAN) stock was up more than 1% after the company reported higher Q1 earnings and revenue.Robinhood Markets (HOOD) shares were down more than 12% after the company reported Q1 earnings and revenue that missed analysts' expectations.

$FAS$FAZ$HOOD$SAN$UBS$XLF

Research55d ago

Research Alert: Canadian National Railway Posts Mixed Q1 Results As Eps Beats, Revenue Lags

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Canadian National Railway (CNR) posted Q1 adjusted EPS of CAD1.80, topping our CAD1.73 estimate but missing consensus CAD1.81, while revenue declined 1% to CAD4.38B as 3% volume growth was offset by 3% freight revenue per RTM decline from FX and carbon tax elimination impacts. Operating ratio deteriorated 80 bps to 64.2% as cost inflation offset revenue pressure, with the company delivered record Q1 operational performance including fuel efficiency up 3%, car velocity up 6%, and employee productivity up 8%. Mixed commercial results saw grain/fertilizers grow 10% while metals/minerals declined 11%, with free cash flow up 44% to CAD900M supporting CAD869M in share repurchases. Management reiterated expectations for flattish RTM growth in 2026 with EPS growth slightly exceeding volume growth amid heightened demand risk from macroeconomic volatility and trade tensions. We view the strong operational metrics and cash generation positively, though revenue headwinds and margin pressure remain near-term concerns.

$CNR

Research55d ago

Research Alert: Gehc Q1 2026: Solid Revenue Growth Amid Margin Pressures And Revised Outlook

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:GE HealthCare reported mixed Q1 2026 results with revenue of $5.1B, up 7.4% Y/Y (+2.9% organic), but adjusted EBIT margin contracted 150 bps to 13.5% due to operational challenges and inflationary pressures. Adjusted EPS of $0.99 declined modestly from $1.01 in the prior year, impacted by discrete PDx supplier issues, rising memory chip, oil, and freight costs, plus ongoing tariff impacts. Segment performance was mixed, in our view, with Pharmaceutical Diagnostics leading growth at +21.7% reported (+9.7% organic), while Patient Care Solutions declined -6.5% with EBIT margins contracting 500 bps to just 1.4%. Management reduced full-year adjusted EPS guidance to $4.80-$5.00 (from $4.95-$5.15) while maintaining organic revenue growth expectations of 3.0%-4.0%, which we view as achievable. The company expects to offset more than half of inflation impact through pricing and cost mitigation efforts, though margin pressures are expected to persist through 2026, given current challenging market conditions.

$GEHC

Research55d ago

Research Alert: Yum: Eps Beat On Taco Bell Strength And Kfc Expansion

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:YUM posted Q1 adjusted EPS of $1.50 (+15% Y/Y), beating the $1.39 consensus, while revenue reached $2.06B (+15% Y/Y), above the $2.04B consensus, on 3% global same-store sales and 4.6% net new store growth. Consolidated operating profit of $638M (+11%) beat the $622M consensus despite 110 bps margin contraction, as revenue growth offset cost pressures. We were impressed by strong same-store sales and unit growth pace; the highly franchised model (98% of stores) providing continued cost protection and capital efficiency. Management reiterated confidence in the long-term growth algorithm targeting 5% unit growth, 7% system sales growth ex-FX, and at least 8% core operating profit growth. Taco Bell delivered outstanding 8% same-store sales growth, outpacing broader QSR trends; KFC demonstrated strong global expansion with 7% unit growth and 70 bps margin expansion. Pizza Hut showed stabilization with flat same-store sales, but margins compressed 690 bps, reflecting ongoing category challenges.

$YUM

Asia55d ago

PICC's Q1 Profit Slips 31%

People's Insurance Company of China (HKG:1339, SHA:601319) or PICC recorded a 31% decline in attributable profit in the first quarter of 2026 to 8.81 billion yuan from 12.8 billion yuan a year prior, according to a Wednesday Hong Kong bourse filing.Earnings per share slipped to 0.19 yuan from 0.29 yuan in the corresponding period of the previous fiscal year.The insurer's total operating income slipped 5.1% to 148.5 billion yuan from 156.6 billion yuan in the year-ago period.The firm attributed the lower profit to an impact of the capital market, a lower profit contribution from the investment side.

HKG:1339SHA:601319

Sectors55d ago

Sector Update: Health Care Stocks Mixed Pre-Bell Wednesday

Health care stocks were mixed pre-bell Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) 0.4% lower and the iShares Biotechnology ETF (IBB) up 0.1%.Teva Pharmaceutical Industries (TEVA) shares were up more than 8% after the company posted higher Q1 non-GAAP earnings and net revenue.AstraZeneca (AZN) stock was down more than 1% even after the company reported higher Q1 core earnings and revenue.GE Healthcare Technologies (GEHC) shares were down more than 9% after the company posted a decline in Q1 adjusted earnings, and cut its 2026 adjusted EPS outlook.

$AZN$GEHC$IBB$TEVA$XLV

Sectors55d ago

Sector Update: Consumer Stocks Lean Lower Premarket Wednesday

Consumer stocks were leaning lower premarket Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.4%.Bunge Global (BG) shares were up more than 2% after the company posted higher Q1 adjusted earnings and net sales, and raised its 2026 adjusted EPS outlook.Yum China (YUMC) stock was up more than 3% after the company reported higher Q1 adjusted earnings and revenue.Brinker International (EAT) shares were up more than 9% after the company reported higher fiscal Q3 non-GAAP net income and revenue.

$BG$EAT$XLP$XLY$YUMC

Sectors55d ago

Sector Update: Tech Stocks Rise Pre-Bell Wednesday

Technology stocks were rising pre-bell Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) advancing by 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.8%.Seagate Technology Holdings (STX) stock was up more than 14% after the company posted higher fiscal Q3 non-GAAP earnings and revenue, and issued fiscal Q4 outlook above analysts' estimates.Automatic Data Processing (ADP) shares were up more than 3% after the company reported higher fiscal Q3 adjusted earnings and revenue, and raised its 2026 outlook.United Microelectronics (UMC) shares were up more than 8% after the company posted higher Q1 earnings and operating revenue.

$ADP$STX$UMC$XLK$XSD

Research55d ago

Argus Downgrades Invesco to Hold From Buy

Invesco (IVZ) has an average rating of overweight and mean price target of $28.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$IVZ

Equities55d ago

UBS Adjusts Price Target on YPF to $45 From $37, Maintains Neutral Rating

YPF SA Class D (YPF) has an average rating of buy and mean price target of $53.64, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$YPF

Asia55d ago

Seazen Holding's Profit Climbs 2.4% in Q1

Seazen Holdings (SHA:601155) recorded a 2.4% rise in attributable profit in the first quarter of 2026 to 311.6 million yuan from 304.4 million yuan a year prior, according to a Wednesday Hong Kong bourse filing by parent Seazen Group (HKG:1030).The real estate developer's earnings per share rose to 0.14 yuan from 0.13 yuan in the corresponding period of the previous fiscal year.Operating revenue fell 25% to 7.32 billion yuan from 9.74 billion yuan in the year-ago period.

HKG:1030SHA:601155

Research55d ago

Research Alert: Lad: Q1 Earnings Well Ahead Of Expectations; Buybacks Impress

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Lithia Motors (LAD) posted Q1 adjusted EPS of $7.34 vs. $7.93 (-7%), well ahead of the $6.86 consensus. The beat was driven by stronger-than-expected revenue and margins, as net sales rose 1.0% to $9.27B ($50M ahead of consensus) and gross margin contracted 10 bps to 15.3% (10 bps ahead of consensus). LAD posted weaker gross margins across its New Vehicle (-50 bps) and Used Vehicle (-40 bps) segments, partially offset by stronger Aftersales results (+150 bps). LAD bought back 942K shares or 4.0% of its total outstanding shares for $259M in Q1 (an average price of $274.62/share). LAD said that stores acquired during Q1 are expected to generate $425M in annualized revenue. LAD shares are up in pre-market trading. We were particularly impressed by its buybacks. After disappointing earnings from other auto dealerships in recent days, LAD proved that its disciplined approach to acquisitions, cash returns to shareholders, and operational efficiency are paying off amid a difficult fundamental backdrop.

$LAD

Research55d ago

Research Alert: Humana: Q1 Results Top Estimates, Guidance Maintained

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HUM delivered Q1 2026 results that beat consensus with adjusted EPS of $10.31 vs. $10.20 estimate, though down 11% Y/Y, while revenue of $39.6B vs. $39.4B consensus grew 23.5% Y/Y. The Insurance segment benefit ratio of 89.4% deteriorated 200 bps Y/Y, impacted by FY 2026 Star Ratings downgrades and ~25% MA membership growth following a successful annual election period. New MA members generally carry higher benefit ratios relative to more established insured populations, in our view. We view the report as a solid step towards more stable footing as HUM continues its long-term recovery efforts. HUM affirmed full-year 2026 adjusted EPS guidance of at least $9.00, representing a near 50% annual decline as the company executes its multiyear transformation program targeting significant earnings recovery by 2028. We note shares are up ~40% since their March lows, consistent with significant gains among health insurers.

$HUM

Showing 33021-33040 of 45250

Commodities55d ago