Earnings Preview: Canadian Pacific Railway

Canadian Pacific Railway CP is set to give its latest quarterly earnings report on Tuesday, 2024-01-30. Here's what investors need to know before the announcement.

Analysts estimate that Canadian Pacific Railway will report an earnings per share (EPS) of $0.84.

Canadian Pacific Railway bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.03, which was followed by a 0.09% increase in the share price the next day.

Here's a look at Canadian Pacific Railway's past performance and the resulting price change:

Stock Performance

Shares of Canadian Pacific Railway were trading at $78.6 as of January 25. Over the last 52-week period, shares are down 0.38%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Canadian Pacific Railway visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.