Canadian Pacific (CP - Free Report) reported $1.81 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 12.1%. EPS of $0.81 for the same period compares to $0.75 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.83 billion, representing a surprise of -1.15%. The company delivered an EPS surprise of +2.53%, with the consensus EPS estimate being $0.79.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Canadian Pacific performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Ratio: 59.8% versus the five-analyst average estimate of 54.89%.
- Carloads - Grain: 126.7 thousand compared to the 115.49 thousand average estimate based on three analysts.
- Carloads - Coal: 56.6 thousand compared to the 68.82 thousand average estimate based on three analysts.
- Carloads - Potash: 34.9 thousand versus the three-analyst average estimate of 42.51 thousand.
- Carloads - Fertilizers and Sulphur: 15 thousand compared to the 16.97 thousand average estimate based on three analysts.
- Carloads - Energy, Chemicals and Plastics: 76.2 thousand versus the three-analyst average estimate of 80.33 thousand.
- Carloads - Metals, Minerals and Consumer Products: 61.1 thousand versus the three-analyst average estimate of 62.69 thousand.
- Carloads - Automotive: 26.4 thousand versus 26.75 thousand estimated by three analysts on average.
- Carloads - Intermodal: 299 thousand compared to the 311.91 thousand average estimate based on three analysts.
- Carloads - Total: 713.7 thousand versus 744.69 thousand estimated by three analysts on average.
- Carloads - Forest Products: 17.8 thousand compared to the 18.9 thousand average estimate based on three analysts.
View all Key Company Metrics for Canadian Pacific here>>>
Shares of Canadian Pacific have returned +3.7% over the past month versus the Zacks S&P 500 composite's +4.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Canadian Pacific (CP - Free Report) reported $1.81 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 12.1%. EPS of $0.81 for the same period compares to $0.75 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.83 billion, representing a surprise of -1.15%. The company delivered an EPS surprise of +2.53%, with the consensus EPS estimate being $0.79.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Canadian Pacific performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Canadian Pacific here>>>
Shares of Canadian Pacific have returned +3.7% over the past month versus the Zacks S&P 500 composite's +4.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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