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Here's What Key Metrics Tell Us About Canadian Pacific Kansas City (CP) Q1 Earnings

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For the quarter ended March 2026, Canadian Pacific Kansas City (CP - Free Report) reported revenue of $2.7 billion, up 2.1% over the same period last year. EPS came in at $0.76, compared to $0.74 in the year-ago quarter.

The reported revenue represents a surprise of -0.57% over the Zacks Consensus Estimate of $2.71 billion. With the consensus EPS estimate being $0.78, the EPS surprise was -2.56%.

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 Kansas City performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Core adjusted operating ratio: 63% versus 62.8% estimated by four analysts on average.
  • Carloads - Total: 1.08 million versus 1.09 million estimated by three analysts on average.
  • Carloads - Automotive: 51.7 thousand compared to the 52.24 thousand average estimate based on three analysts.
  • Revenue ton miles (RTMs) - Total: 54.73 billion versus 54.72 billion estimated by three analysts on average.
  • Revenue ton-miles (RTMs) - Intermodal: 9.51 billion versus 9.29 billion estimated by three analysts on average.
  • Carloads - Grain: 149.1 thousand compared to the 148.14 thousand average estimate based on three analysts.
  • Carloads - Coal: 109.5 thousand versus the three-analyst average estimate of 114.26 thousand.
  • Carloads - Potash: 42 thousand versus the three-analyst average estimate of 47.77 thousand.
  • Carloads - Fertilizers and sulphur: 17.7 thousand compared to the 16.87 thousand average estimate based on three analysts.
  • Carloads - Forest products: 30.5 thousand versus 30.93 thousand estimated by three analysts on average.
  • Carloads - Energy, chemicals and plastics: 135 thousand compared to the 131.84 thousand average estimate based on three analysts.
  • Carloads - Metals, minerals and consumer products: 116.9 thousand compared to the 114.52 thousand average estimate based on three analysts.

View all Key Company Metrics for Canadian Pacific Kansas City here>>>

Shares of Canadian Pacific Kansas City have returned +10.3% over the past month versus the Zacks S&P 500 composite's +12.2% 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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