Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .That's the year-to-date performance of the S&P 500 while I am writing this article. While that number is "wild," as it added nearly $27,000 to every $100,000 investment in the market (excluding dividends!), it's not unique.Analyst’s Disclosure: I/we have a beneficial long positi ...

The bigger the better? Bill Ackman doesn't think so, at least not when it comes to portfolio size. His Pershing Square Capital Management hedge fund owns only 10 stocks. Ackman has made a fortune picking stocks and has a net worth that tops $9 billion. Two of his stocks could be especially big winners in 2025, according to Wall Street. Wall Street especially likes these two Ackman stocksAnalysts are bullish about most of the stocks in Ackman's portfolio. However, they especially like Canadian Pacific Kansas ...

Patrick J. Ottensmeyer International Railway Bridge more than doubles CPKC capacity at the borderCALGARY, AB, Dec. 17, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it has completed construction of the new international railway bridge span over the Rio Grande from Laredo, Texas, to Nuevo Laredo, Tamaulipas. Patrick J. Ottensmeyer International Railway Bridge (CNW Group/CPKC) "Completion of this internationally important project more than doubles our capacity to ...

It has been about a month since the last earnings report for Canadian Pacific Kansas City (CP) . Shares have lost about 4.2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Canadian Pacific Kansas City due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Q3 Earnings ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . I have to say I'm very happy with the performance of my portfolio since the pandemic. I was able to outperform the S&P 500 without being overweight in tech stocks. However, I do have some stocks that have not performed very well. Excluding Analyst's Disclosure: I/we have a bene ...

Railroads have not been a rewarding sector to be invested in for some time, especially since the beginning of the ongoing manufacturing recession. With the US manufacturing PMI I focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer driver of gains than low valuation ...

Canadian Pacific Kansas City’s (CP) third-quarter 2024 earnings (excluding 7 cents from non-recurring items) of 73 cents per share marginally missed the Zacks Consensus Estimate of 74 cents. However, the bottom line improved 5.8% on a year-over-year basis. Results were aided by strong operational efficiency.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Operating revenues of $2.60 billion lagged the Zacks Consensus Estimate of $2.67 billion. However, the top line improved by 4.5% on ...

ronniechua/iStock via Getty Images All financial numbers in this article are in Canadian dollars unless noted otherwise. Introduction Is the economy doing well? I believe the answer depends on who you ask. Generally speaking, it's hard to make the case ...

Financial Data and Key Metrics - Revenue for Q3 2024 was $3.5 billion, up 6% YoY, driven by strong volume growth of over 4% [5] - Operating ratio improved to 62.9%, with diluted earnings per share (EPS) at $0.99, an 8% increase YoY [5] - Safety metrics improved, with training accidents decreasing by 17% and personal injuries down 8% [5] - Cash flow from operating activities was $1.272 billion, with $748 million reinvested in capital projects [28] - Adjusted combined free cash flow was $523 million, and the leverage ratio stood at 3.1x, with a target of 2.5x by early 2025 [28] Business Line Performance - Bulk segment: Grain revenues grew 10% on 7% RTM growth, with US grain volumes up 11% and Canadian grain volumes up 3% [14] - Potash revenues increased 7% on 20% volume growth, driven by strong demand and recovery from last year's strike [15] - Coal revenue rose 8% despite a 2% volume decline, with stabilization expected in Q4 [15] - Energy, chemicals, and plastics revenue grew 10% on 6% volume growth, supported by market share gains and synergy wins [16] - Automotive segment achieved record revenue growth of 27% on 37% volume growth, driven by new service solutions and investments [18] - Intermodal revenue declined 5% despite 2% volume growth, with domestic intermodal volumes down 70% due to market challenges [19] Market Performance - US grain volumes grew 11%, benefiting from strong production and new market connections [14] - Canadian grain volumes increased 3%, with favorable pricing and harvest conditions [14] - Mexico saw strong cross-border activity, with opportunities in auto, plastics, and appliances [53] - International intermodal volumes grew 12%, supported by new contracts and recovery from last year's port strike [20] Strategic Direction and Industry Competition - The company received STB approval for the MBNR corridor, enabling a new competitive rail service through Mexico, Texas, and the US Southeast [6] - Investments in hydrogen locomotives and sustainability initiatives, including the successful deployment of a high-horsepower hydrogen locomotive [7] - Strategic capital investments in sidings, crossovers, and track alignment in Mexico and the US to improve network capacity and fluidity [11][12] - Focus on expanding auto and intermodal services, with new facilities and partnerships driving growth [18][19] Management Commentary on Operating Environment and Future Outlook - Despite operational challenges, including a derailment and a strike, the company remains on track to deliver double-digit earnings growth for the full year [4] - Management expressed confidence in the resilience of the network and the ability to deliver strong service to customers [9] - The company expects sequential and YoY improvement in operating ratio (OR) in Q4, driven by strong bulk performance and cost control [29] - Long-term growth outlook remains positive, with high single-digit revenue growth and double-digit EPS growth expected in 2025 [43] Other Important Information - The company completed the first phase of its high-horsepower hydrogen locomotive program, demonstrating leadership in sustainability [7] - The Laredo bridge's second span is on track to open by the end of 2024, doubling capacity and supporting cross-border growth [12] - The company is working on interoperability upgrades for the legacy KCS fleet, with 175 locomotives expected to be fully interchangeable by year-end [11] Q&A Session Summary Question: Impact of Mexican rail reform and potential risks - Management is encouraged by the Mexican government's commitment to freight rail and environmental sustainability, viewing it as an opportunity to grow cross-border business [31] Question: Operating ratio improvement in Q4 - The company expects a 500 basis point sequential improvement in OR, driven by strong bulk performance and the absence of one-time headwinds [32] Question: Volume growth and synergy pipeline - The company is optimistic about growth in bulk, intermodal, and auto segments, with a strong pipeline of opportunities and potential upside to long-term synergy targets [34][40] Question: Core pricing momentum and competitive pressures - Pricing remains strong, with year-to-date performance exceeding 5%, though intermodal faces pressure from trucking capacity [36] Question: Impact of potential US tariff changes - Management believes North American commerce will remain a priority regardless of the US administration, with minimal impact expected on cross-border business [51] Question: Labor issues and volume recovery - The company expects to recover lost RTMs from the strike, particularly in bulk segments like coal and potash, with no significant long-term impact [63] Question: Growth opportunities in 2025 - Key growth areas include international intermodal, auto, and North-South grain movements, supported by strategic investments and new service offerings [46][47][57]

Canadian Pacific Kansas City (CP) reported $2.6 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 4.5%. EPS of $0.73 for the same period compares to $0.69 a year ago. The reported revenue represents a surprise of -2.39% over the Zacks Consensus Estimate of $2.67 billion. With the consensus EPS estimate being $0.74, the EPS surprise was -1.35%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...