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Compared to Estimates, Canadian Pacific Kansas City (CP) Q1 Earnings: A Look at Key Metrics
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For the quarter ended March 2024, Canadian Pacific Kansas City (CP - Free Report) reported revenue of $2.61 billion, up 55.8% over the same period last year. EPS came in at $0.69, compared to $0.63 in the year-ago quarter.
The reported revenue represents a surprise of +0.84% over the Zacks Consensus Estimate of $2.59 billion. With the consensus EPS estimate being $0.70, the EPS surprise was -1.43%.
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:
Adjusted Operating Ratio: 64% versus 62.6% estimated by six analysts on average.
Carloads - Intermodal: 412.1 thousand versus 424 thousand estimated by five analysts on average.
Carloads - Automotive: 55.7 thousand compared to the 55.48 thousand average estimate based on five analysts.
Carloads - Grain: 132.3 thousand versus 136.52 thousand estimated by five analysts on average.
Carloads - Metals, Minerals and Consumer Products: 129.7 thousand versus the five-analyst average estimate of 127.77 thousand.
Carloads - Potash: 37 thousand versus 42.54 thousand estimated by five analysts on average.
Carloads - Fertilizers and Sulphur: 17.2 thousand versus 17.41 thousand estimated by five analysts on average.
Carloads - Forest Products: 35.9 thousand versus the five-analyst average estimate of 36.72 thousand.
Carloads - Energy, Chemicals and Plastics: 144.5 thousand versus the five-analyst average estimate of 141.3 thousand.
Carloads - Total: 1,072.6 thousand versus the five-analyst average estimate of 1,101 thousand.
Carloads - Coal: 108.2 thousand versus the five-analyst average estimate of 119.26 thousand.
Revenue ton miles (RTMs) - Total: 51,838 million versus 51,771.98 million estimated by four analysts on average.
Shares of Canadian Pacific Kansas City have returned +0.5% over the past month versus the Zacks S&P 500 composite's -3% 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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Compared to Estimates, Canadian Pacific Kansas City (CP) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2024, Canadian Pacific Kansas City (CP - Free Report) reported revenue of $2.61 billion, up 55.8% over the same period last year. EPS came in at $0.69, compared to $0.63 in the year-ago quarter.
The reported revenue represents a surprise of +0.84% over the Zacks Consensus Estimate of $2.59 billion. With the consensus EPS estimate being $0.70, the EPS surprise was -1.43%.
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:
- Adjusted Operating Ratio: 64% versus 62.6% estimated by six analysts on average.
- Carloads - Intermodal: 412.1 thousand versus 424 thousand estimated by five analysts on average.
- Carloads - Automotive: 55.7 thousand compared to the 55.48 thousand average estimate based on five analysts.
- Carloads - Grain: 132.3 thousand versus 136.52 thousand estimated by five analysts on average.
- Carloads - Metals, Minerals and Consumer Products: 129.7 thousand versus the five-analyst average estimate of 127.77 thousand.
- Carloads - Potash: 37 thousand versus 42.54 thousand estimated by five analysts on average.
- Carloads - Fertilizers and Sulphur: 17.2 thousand versus 17.41 thousand estimated by five analysts on average.
- Carloads - Forest Products: 35.9 thousand versus the five-analyst average estimate of 36.72 thousand.
- Carloads - Energy, Chemicals and Plastics: 144.5 thousand versus the five-analyst average estimate of 141.3 thousand.
- Carloads - Total: 1,072.6 thousand versus the five-analyst average estimate of 1,101 thousand.
- Carloads - Coal: 108.2 thousand versus the five-analyst average estimate of 119.26 thousand.
- Revenue ton miles (RTMs) - Total: 51,838 million versus 51,771.98 million estimated by four analysts on average.
View all Key Company Metrics for Canadian Pacific Kansas City here>>>Shares of Canadian Pacific Kansas City have returned +0.5% over the past month versus the Zacks S&P 500 composite's -3% 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.