Compared to Estimates, Canadian Pacific Kansas City (CP) Q1 Earnings: A Look at Key Metrics

Core Insights - Canadian Pacific Kansas City (CP) reported a revenue of $2.61 billion for the quarter ended March 2024, reflecting a year-over-year increase of 55.8% [1] - The earnings per share (EPS) for the quarter was $0.69, slightly up from $0.63 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate by 0.84%, while the EPS fell short of the consensus estimate by 1.43% [1] Financial Performance Metrics - Adjusted Operating Ratio was reported at 64%, higher than the estimated 62.6% [2] - Total carloads were 1,072.6 thousand, below the average estimate of 1,101 thousand [2] - Carloads for Intermodal were 412.1 thousand, compared to the estimate of 424 thousand [2] - Carloads for Automotive were 55.7 thousand, slightly above the estimate of 55.48 thousand [2] - Carloads for Grain were 132.3 thousand, below the estimate of 136.52 thousand [2] - Carloads for Metals, Minerals, and Consumer Products were 129.7 thousand, exceeding the estimate of 127.77 thousand [2] - Carloads for Potash were 37 thousand, below the estimate of 42.54 thousand [2] - Carloads for Fertilizers and Sulphur were 17.2 thousand, slightly below the estimate of 17.41 thousand [2] - Carloads for Forest Products were 35.9 thousand, below the estimate of 36.72 thousand [2] - Carloads for Energy, Chemicals, and Plastics were 144.5 thousand, above the estimate of 141.3 thousand [2] - Carloads for Coal were 108.2 thousand, below the estimate of 119.26 thousand [2] - Revenue ton miles (RTMs) totaled 51,838 million, slightly above the estimate of 51,771.98 million [2] Stock Performance - Shares of Canadian Pacific Kansas City have returned +0.5% over the past month, outperforming the Zacks S&P 500 composite, which declined by -3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]