Canadian Pacific Railway Limited (NYSE:CP) is set to announce third quarter earning results on Tuesday 20th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CP to report 3Q20 income of $ 3.23 per share.
For the full year, analysts anticipate top line of $ 5832.59 million, while looking forward to income of $ 13.27 per share bottom line.
Previous Quarter Performance
Canadian Pacific Railway Limited unwinded income for the second quarter of $ 3.45 per share, from the revenue of $ 1,293.00 million, On adjusted basis, CP reported income for the quarter of $ 3.01 per share. The quarterly earnings dropped 9.92 percent while revenues fell 10.97 percent compared with the same quarter last year. The consensus estimates are income of $ 2.77 per share from $ 1292.80 million in revenue. The bottom line results beat street analysts by $ 0.24 or 8.66 percent, at the same time, top line results outshined analysts by $ 0.20 million or 0.02 percent.
Stock Performance
Shares of Canadian Pacific Railway Limited traded low $ -2.71 or -0.83 percent on Monday, reaching $ 322.38 with volume of 440.50 thousand shares. Canadian Pacific Railway Limited has traded high as $ 326.77 and has cracked $ 321.75 on the downward trend
According to the previous trading day, closing price of $ 322.38, representing a 87.63 % increase from the 52 week low of $ 173.26 and a 0.71 % decrease over the 52 week high of $ 327.40.
The company has a market capital of $ 43.56 billion and is part of the Industrials sector and Railroads industry.
Recent Analyst recommendations
- On 16th September 2020, maintained by Bank of America at Buy rating, with $ 345.00 target price.
Recent Stock Dividend Announcement
On July 22, 2020, the board of directors authorized quarterly dividend of $ 0.95 per share to holders of record as of the close of business on September 25, 2020, with payment date of October 26, 2020 and ex-dividend date on September 24, 2020.
Conference Call
Canadian Pacific Railway Limited will be hosting a conference call at 9:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cpr.ca
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products. It also transports intermodal traffic comprising retail goods in overseas containers.
