Canadian Pacific Kansas City Ltd reports results for the quarter ended March 31 - Earnings Summary

• Canadian Pacific Kansas City Ltd CP.TO reported quarterly adjusted earnings of C$1.06​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 93 cents. The mean expectation of twenty six analysts for the quarter was for earnings of C$1.04 per share. Wall Street expected results to range from C$1.00 to C$1.12 per share.

• Revenue rose 7.8% to C$3.80 billion from a year ago; analysts expected C$3.75 billion.

• Canadian Pacific Kansas City Ltd's reported EPS for the quarter was 97 cents​.

• The company reported quarterly net income of C$910 million.

• Canadian Pacific Kansas City Ltd shares had fallen by 1.3% this quarter and lost 4.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4% in the last three months.​

• In the last 30 days, seventeen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is also "buy"

• Wall Street's median 12-month price target for Canadian Pacific Kansas City Ltd is C$124.00

This summary was machine generated from LSEG data April 30 at 09:37 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)