Although the revenue and EPS for Canadian Pacific (CP) give a sense of how its business performed in the quarter ended December 2022, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
CALGARY — Canadian Pacific Railway Ltd. is on a hiring spree as it awaits regulatory go-ahead for its acquisition of Kansas City Southern. In a conference call to discuss fourth-quarter financial results, CP's CEO Keith Creel said the Calgary-headquartered railway is in growth mode as it awaits a decision by the U.S. Surface Transportation Board. The ruling, expected sometime this quarter, is the final hurdle CP must clear in its bid to purchase KCS for US$31 billion — a deal which would create
Canadian Pacific (CP) delivered earnings and revenue surprises of 2.53% and 1.15%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?