Canadian Pacific Railway Limited (CP - Free Report) serves the principal business centers of Canada from Montreal to Vancouver, as well as the U.S. Northeast and Midwest regions. The company has extended its network reach by establishing alliances and agreements with other Class I railways in North America, which allows it to provide services and access markets across North America beyond its own rail network. Freight transport forms the main source of revenue for the company.
Canadian Pacific Railway is set to gain from strong the Industrial and Automotive segments. However, soft coal demand coupled with declining oil prices may impact profitability in the upcoming quarters.
Currently, Canadian Pacific Railway has a Zacks Rank #3 (Hold). We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Canadian Pacific Railway’s second quarter earnings (on an adjusted basis) of approximately $1.59 per share (C$2.05 per share) beat the Zacks Consensus Estimate by $0.03.
Revenue: Canadian Pacific Railway reported revenues of $1,125 million which missed the Zacks Consensus Estimate of $1,136 million.
Key Stats: Canadian Pacific Railway reported operating ratio of 62% in the reported quarter, reflecting an improvement of 110 basis points. The company’s net income (on an adjusted basis) declined 23% to $312 million in the quarter.
Check back later for our full write up on this Canadian Pacific Railway earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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 >>
Canadian Pacific Railway Limited (CP - Free Report) serves the principal business centers of Canada from Montreal to Vancouver, as well as the U.S. Northeast and Midwest regions. The company has extended its network reach by establishing alliances and agreements with other Class I railways in North America, which allows it to provide services and access markets across North America beyond its own rail network. Freight transport forms the main source of revenue for the company.
Canadian Pacific Railway is set to gain from strong the Industrial and Automotive segments. However, soft coal demand coupled with declining oil prices may impact profitability in the upcoming quarters.
Currently, Canadian Pacific Railway has a Zacks Rank #3 (Hold). We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Canadian Pacific Railway’s second quarter earnings (on an adjusted basis) of approximately $1.59 per share (C$2.05 per share) beat the Zacks Consensus Estimate by $0.03.
Revenue: Canadian Pacific Railway reported revenues of $1,125 million which missed the Zacks Consensus Estimate of $1,136 million.
Key Stats: Canadian Pacific Railway reported operating ratio of 62% in the reported quarter, reflecting an improvement of 110 basis points. The company’s net income (on an adjusted basis) declined 23% to $312 million in the quarter.
Check back later for our full write up on this Canadian Pacific Railway earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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 >>
Get the latest research report on CP - FREE