Canadian Pacific Railway Q2 EPS $0.62 Misses $0.72 Estimate, Sales $2.38B Miss $2.48B Estimate
Portfolio Pulse from Bill Haddad
Canadian Pacific Railway (NYSE:CP) reported Q2 earnings of $0.62 per share, missing the analyst consensus estimate of $0.72 by 14.17%. This is a 16.49% decrease from the same period last year. The company also reported quarterly sales of $2.38 billion, missing the analyst consensus estimate of $2.48 billion by 3.95%. However, this is a 38.01% increase from the same period last year.
July 27, 2023 | 8:26 pm
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NEGATIVE IMPACT
Canadian Pacific Railway's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Canadian Pacific Railway reported lower than expected earnings and sales for Q2. This could lead to a decrease in the stock price as it indicates the company's performance was not as strong as expected. However, the increase in sales YoY might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100