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 ...

Canadian Pacific Kansas City (CP) came out with quarterly earnings of $0.73 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.35%. A quarter ago, it was expected that this railroad would post earnings of $0.74 per share when it actually produced earnings of $0.77, delivering a surprise of 4.05%. Over the last four quarters, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-01342 | --- | --- | |---------------------------------------------------------------------------------------------|--------- ...

Q3 2024 EARNINGS REVIEW October 23, 2024 FORWARD-LOOKING STATEMENTS This investor presentation may contain certain forward-looking information and forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws in both the U.S. and Canada. Forwardlooking information includes, but is not limited to, statements concerning expectations, beliefs, targets, plans, goals, objectives, assumptions and statements about possible future events, conditions, and r ...

1 Release: October 23, 2024 CPKC reports third-quarter results driven by solid execution; poised for strong finish to 2024 Calgary – Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its third-quarter results, including revenues of $3.5 billion, diluted earnings per share (EPS) of $0.90 and core adjusted combined diluted EPS of $0.99. 1 "During the third quarter, we delivered strong performance across the operations of our unrivaled North American network, despite dealing with a numbe ...

Core Insights - Canadian Pacific Kansas City (CPKC) reported strong third-quarter results with revenues of $3.5 billion, a 6% increase from $3.3 billion in Q3 2023, and diluted earnings per share (EPS) of $0.90, up from $0.84 in the same period last year [1][5][14] - The company emphasized its operational excellence and commitment to safety and customer service, which have contributed to its revenue growth despite facing temporary challenges [1][5] - CPKC expects mid-single-digit growth in Revenue Ton-Miles (RTMs) for 2024 and anticipates double-digit growth in core adjusted combined diluted EPS compared to 2023 [1][5] Financial Performance - Revenues for Q3 2024 were $3.5 billion, up from $3.3 billion in Q3 2023, marking a 6% increase [1][14] - Reported operating ratio (OR) increased by 120 basis points to 66.1% from 64.9% in Q3 2023, while core adjusted combined OR also rose by 120 basis points to 62.9% from 61.7% [1][14] - Core adjusted combined diluted EPS increased by 8% to $0.99 from $0.92 in Q3 2023 [1][14] - Net income for Q3 2024 was $837 million, compared to $780 million in Q3 2023 [8][14] Operational Metrics - Volumes, measured in Revenue Ton-Miles (RTMs), increased by 4% [1] - The Federal Railroad Administration (FRA)-reportable personal injury frequency decreased to 0.85 from 1.02 in Q3 2023, and train accident frequency decreased to 1.27 from 1.38 [1][5] Future Outlook - CPKC anticipates mid-single-digit growth in RTMs for 2024 compared to 2023 [1] - The company expects core adjusted combined diluted EPS to grow in double digits relative to the 2023 figure of $3.84 [1][5]

Core Viewpoint - Canadian Pacific Kansas City (CP) has experienced an 8% decline in stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1][3]. Group 1: Stock Performance - CP's stock has faced significant selling pressure, leading to an 8% decline in the last month [1]. - The Relative Strength Index (RSI) for CP is currently at 29.43, indicating that the stock may be oversold and could bounce back [3]. Group 2: Analyst Sentiment - There is strong consensus among sell-side analysts that CP will report better earnings than previously predicted, with a 0.7% increase in the consensus EPS estimate over the last 30 days [3]. - CP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [3].

Core Insights - Analysts project Canadian Pacific Kansas City (CP) will announce quarterly earnings of $0.74 per share, a 7.3% increase year over year, with revenues expected to reach $2.66 billion, up 7.1% from the same quarter last year [1] - There has been a 0.5% upward revision in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their forecasts [1] - The relationship between earnings estimate revisions and short-term stock price performance is highlighted as a significant factor for investors [1] Financial Metrics - The 'Adjusted Operating Ratio' is expected to be 61.8%, slightly up from 61.7% a year ago [2] - 'Carloads - Intermodal' are projected to be 434.08 thousand, down from 455 thousand year over year [2] - 'Carloads - Automotive' are estimated at 64.19 thousand, an increase from 58.5 thousand in the previous year [2] Additional Carload Estimates - 'Carloads - Grain' is projected at 127.87 thousand, slightly up from 127.4 thousand year over year [3] - 'Carloads - Metals, Minerals and Consumer Products' are expected to be 131.03 thousand, down from 133.7 thousand [3] - 'Carloads - Potash' is estimated at 46.21 thousand, up from 34.9 thousand in the same quarter last year [3] Comprehensive Carload and Revenue Metrics - 'Carloads - Energy, Chemicals and Plastics' are projected at 143.10 thousand, up from 139 thousand year over year [4] - Total 'Carloads' are expected to be 1,119.89 thousand, slightly down from 1.13 million [4] - 'Revenue ton miles (RTMs) - Total' is projected to reach 52,763.36 million, up from 49.32 billion in the same quarter last year [4] Stock Performance - Shares of Canadian Pacific Kansas City have decreased by 6.6% in the past month, contrasting with a 3.8% increase in the Zacks S&P 500 composite [4] - CP holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market in the near future [5]

Investors might want to bet on Canadian Pacific Kansas City (CP) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tra ...

Canadian Pacific Kansas City’s (CP) bottom line is bolstered by increased operational efficiency. Cost-cutting initiatives and a shareholder-friendly approach bode well for the company. Owing to these tailwinds, CP shares have performed impressively on the bourse. If you have not taken advantage of its share price appreciation yet, it’s time to do so.Let’s delve deeper.Factors Favoring CP StockRobust Price Performance: A look at the company’s price trend reveals that its shares have risen 2.7% year to date, ...