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) 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.

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