Market Overview

Earnings Outlook for Canadian Pacific Railway

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Canadian Pacific Railway (NYSE: CP) releases its next round of earnings this Tuesday, October 20. Here is Benzinga's essential guide to Canadian Pacific Railway's Q3 earnings report.

Earnings and Revenue

Analysts covering Canadian Pacific Railway modeled for quarterly EPS of $0.11 on revenue of $442.56 million. In the same quarter last year, Canadian Pacific Railway reported earnings per share of $3.5 on revenue of $1.50 billion. If the company were to report earnings in line when it publishes results Tuesday, earnings would be down 96.86%. Sales would be down 70.57% from the year-ago period. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 2.77 4.03 3.52 3.41
EPS Actual 2.94 3.30 3.67 3.50
Revenue Estimate 1.29 B 1.96 B 1.52 B 1.50 B
Revenue Actual 1.29 B 1.52 B 1.59 B 1.50 B

Stock Performance

Shares of Canadian Pacific Railway were trading at $325.4 as of October 16. Over the last 52-week period, shares are up 47.03%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Canadian Pacific Railway is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://produceredition.webcasts.com/starthere.jsp?ei=1290349&tp_key=17d70fee2a

 

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