Earnings Preview: Canadian Pacific Railway
Portfolio Pulse from Benzinga Insights
Canadian Pacific Railway (NYSE:CP) is expected to report Q4 earnings on January 30, 2024, with an estimated EPS of $0.84. Investors are looking for an earnings beat and positive guidance for future growth. Historically, CP's stock price has shown modest reactions to earnings beats or misses. Shares are currently trading at $78.6, with a slight 0.38% decline over the past 52 weeks, indicating a bearish sentiment among long-term shareholders.
January 29, 2024 | 2:00 pm
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Canadian Pacific Railway is anticipated to release its quarterly earnings with a focus on whether it will surpass the expected EPS of $0.84 and provide optimistic future guidance.
The short-term impact on CP's stock will likely hinge on whether the earnings beat expectations and the nature of the guidance provided. Historically, the stock has shown limited reaction to earnings reports, suggesting a potential neutral impact. However, the importance is rated higher due to the anticipation of guidance, which could sway investor sentiment more significantly.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100