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 third quarter earnings (on an adjusted basis) of C$2.73 per share (approximately $2.09 per share) missed the Zacks Consensus Estimate by $0.03.
Revenue: Canadian Pacific Railway reported revenues of $1,191.7 million which missed the Zacks Consensus Estimate of $1,244.5 million.
Key Stats: Canadian Pacific Railway reported operating ratio of 57.7% in the reported quarter. The company expects earnings per share to grow in mid-single digits in 2016.
Stock Price: The earnings miss disappointed the investors. Shares of the company were down in pre-market trading at the time of writing.
Check back later for our full write up on this Canadian Pacific Railway earnings report later!
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