Canadian Pacific Earnings: Everything You Must Know Now

Canadian Pacific Railway Limited (NYSE:CP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Canadian Pacific Railway Limited Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 51.22% to $1.24 in the quarter versus EPS of $0.82 in the year-earlier quarter.

Revenue: Rose 8.49% to $1.5 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Canadian Pacific Railway Limited reported adjusted EPS income of $1.24 per share. By that measure, the company beat the mean analyst estimate of $1.21. It beat the average revenue estimate of $1.48 billion.

Quoting Management: “CP delivered the best first quarter results in its history despite challenging winter conditions,” said E. Hunter Harrison, Chief Executive Officer. “This is a true testament to the determination and perseverance of our outstanding team of railroaders. There remains a lot of work to do as we continue to make significant changes to our operating model. With a very strong start to the year and momentum quickly building, I am now even more confident that we are on pace toward the best year-end financial and operating performance in CP’s history.”

Key Stats (on next page)…

Revenue increased 3.05% from $1.45 billion in the previous quarter. EPS decreased 3.13% from $1.28 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.39 to a profit $1.45. For the current year, the average estimate has moved up from a profit of $5.78 to a profit of $6.21 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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