CALGARY, AB, July 29, 2024 /PRNewswire/ - It is with great sadness that Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) mourns the passing of former Kansas City Southern (KCS) President and CEO Patrick J. Ottensmeyer."Pat's vision and leadership played a monumental role in the great history of Kansas City Southern as he helped reshape the railway industry," said Keith Creel, CPKC President and CEO. "We have lost a remarkable leader and a cherished friend. Pat's legacy lives on and can be seen in th ...

Wall Street analysts expect Canadian Pacific Kansas City (CP) to post quarterly earnings of $0.74 per share in its upcoming report, which indicates a year-over-year increase of 19.4%. Revenues are expected to be $2.6 billion, up 10.2% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course o ...

Canadian Pacific Kansas City (CP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Core Insights - Canadian Pacific Kansas City Limited (CP) is set to report its second-quarter 2024 results on July 30, with a mixed earnings surprise history, surpassing estimates in two of the last four quarters and missing in two, averaging a miss of 1.32% [1] - Rising operating expenses, primarily due to increased labor and fuel costs, are negatively impacting the company's performance in the upcoming quarter [1] - The Zacks Consensus Estimate for CP's earnings has been revised down by 1.3% to 74 cents per share, while revenue estimates stand at $3.5 billion, reflecting a 1.7% decline from the first quarter of 2024 [1] Revenue Estimates - Freight revenue is estimated at $3.4 billion, down 1.5% compared to the first quarter of 2024, while other revenues are projected at $83 million, indicating a 10.7% decrease from the previous quarter [2] - Despite overall freight-related weakness, the Potash segment is expected to perform well, with freight revenues projected to increase by 14.6% in the second quarter of 2024 compared to the first quarter [2] Earnings Prediction Model - The current model does not predict an earnings beat for Canadian Pacific Kansas City, with an Earnings ESP of -0.20% and a Zacks Rank of 3 (Hold) [3] Q1 Highlights - In the first quarter of 2024, CP reported earnings of 69 cents per share, missing the Zacks Consensus Estimate of 70 cents, but showing a year-over-year increase of 9.5% [4] - Quarterly revenues reached $2.61 billion, surpassing the Zacks Consensus Estimate of $2.59 billion, and improved by 0.8% year over year, with freight revenues contributing 97.4% to the top line and rising 54.6% year over year [4] Stocks to Consider - JetBlue Airways (JBLU) has an Earnings ESP of +22.96% and a Zacks Rank of 3, scheduled to report on July 30, with a history of surpassing estimates in three of the last four quarters [5] - Expeditors International of Washington (EXPD) has an Earnings ESP of +0.69% and a Zacks Rank of 2, set to report on August 6, but has a less favorable earnings surprise history [5]

CALGARY, AB, July 9, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) will release its second-quarter 2024 financial and operating results after the market close on July 30, 2024. CPKC will discuss its results with the financial community in a conference call beginning at 4:30 p.m. ET (2:30 p.m. MT) on July 30, 2024. Conference Call Access Canada and U.S.: 800-225-9448 International: 203-518-9708 *Conference ID: CPKCQ224 Callers should dial in 10 minutes prior to the call.   Webc ...

Jonathan Kitchen Introduction I have been looking forward to writing this article, as I get to present two stocks that I recently spent a considerable amount of capital on - one of them is a new addition to what is now a 21-stock dividend growth portfolio! As most of my readers may know, I don't invest on a regular basis. In general, my transaction count is very low. While it makes sense for most investors to put a set amount into well-diversified ETFs on a regular basis (i.e., $500 a month), I am apply ...

Core Insights - Duos Technologies Group, Inc. has entered into a three-year agreement with Canadian Pacific Kansas City (CPKC) to utilize its AI solutions for mechanical inspections and operational efficiency in cross-border operations [1][2] - The agreement includes an Enterprise Subscription and Preventive Maintenance/Repair Service Agreement, establishing a new standard for collaboration in railway safety [2] Company Overview - Duos Technologies Group, Inc. is based in Jacksonville, Florida, and specializes in intelligent vision-based technology solutions for rail, logistics, intermodal, and government sectors [4] - The company focuses on automating mechanical and security inspections for fast-moving trains, trucks, and automobiles using proprietary hardware, software, and AI [4]

Group 1 - Canadian Pacific Kansas City (CPKC) will be represented by Executive Vice-President and Chief Marketing Officer John Brooks at the 2024 Bank of America Transportation, Airlines and Industrials Conference on May 15, 2024 [1] - CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico, providing extensive access to major ports across North America [2] - The railway spans approximately 20,000 route miles and employs around 20,000 railroaders, offering a wide range of freight transportation services and logistics solutions [2] Group 2 - CPKC aims to grow alongside its customers by providing supply chain expertise and unparalleled rail service across key markets in North America [2] - The company will provide a live audio webcast of the conference, with a replay available after the event [1]

Company Overview - Canadian Pacific Kansas City (CPKC) is the first and only single-line transnational railway linking Canada, the United States, and Mexico [2] - The company has a global headquarters in Calgary, Alberta, Canada [2] - CPKC operates approximately 20,000 route miles and employs 20,000 railroaders [2] Service and Network - CPKC provides unparalleled rail service and network reach to key markets across North America [2] - The railway offers a suite of freight transportation services, logistics solutions, and supply chain expertise [2] - CPKC has unrivaled access to major ports from Vancouver to Atlantic Canada, the Gulf of Mexico, and Lázaro Cárdenas, Mexico [2] Upcoming Events - President and CEO Keith Creel will address the 2024 RBC Capital Markets Canadian Industrials Conference on May 14, 2024, at 10:55 a.m. ET [1] - CPKC will provide access to a live audio webcast of the event, with a replay available afterward [1]

Core Insights - Canadian Pacific Kansas City Limited (CP) reported first-quarter 2024 earnings per share of 69 cents, missing the Zacks Consensus Estimate of 70 cents, but showing a year-over-year increase of 9.5% [1] - Quarterly revenues reached $2.61 billion, surpassing the Zacks Consensus Estimate of $2.59 billion, and improved by 0.8% year over year [1] - Freight revenues, which accounted for 97.4% of total revenues, increased by 54.6% year over year, with significant growth in various segments such as Coal (up 115%) and Automotive (up 112%) [1] Financial Performance - Total Freight revenues per revenue ton miles increased by 12% year over year, while total Freight revenues per carload declined by 2% year over year [2] - Operating income rose by 33.8%, but total operating expenses surged by 65% year over year, primarily due to increased labor and fuel costs [2] - The operating ratio deteriorated by 400 basis points to 67.4% from 63.4% in the previous year, indicating higher costs [2] Cash and Debt Position - At the end of the first quarter, cash and cash equivalents stood at C$519 million, up from C$464 million in the previous quarter, while long-term debt decreased to C$18.83 billion from C$19.35 billion [2] Future Outlook - Management anticipates core adjusted combined earnings for 2024 to grow in double digits from the 2023 figure of C$3.84 per share, with capital expenditures projected at C$2.75 billion [3] Industry Comparisons - Delta Air Lines reported first-quarter 2024 earnings of 45 cents per share, exceeding estimates and showing an 80% year-over-year increase, with revenues of $13.75 billion also surpassing expectations [4] - CSX Corporation's first-quarter 2024 earnings per share of 46 cents beat estimates but declined by 4% year over year, with total revenues of $3.68 billion slightly above expectations but down 1% year over year [4][5]