Canadian railroads FY EPS forecasts at risk if strikes last over 3 days, Desjardins says
** Railroads Canadian National CNR.TO and Canadian Pacific CP.TO are bracing for a possible work stoppage by the Teamsters Canada Rail Conference Union that could start as early as Aug. 22
** Canadian brokerage Desjardins says, "our rough calculations show that each day under a strike/lockout will negatively impact CN's EPS by ~C$0.04 and CP's by ~C$0.02"
** It says CN will miss its FY EPS forecast if the strike lasts 3 days or longer and CPKC will miss its forecast in case of a 6-days-or-longer strike
** "We expect a limited impact on their share prices," it added
** CNR has slid ~7% this year, while CPKC has risen 3.6%
Reporting by Abhinav parmar in Bengaluru
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