Recap: Canadian Pacific Kansas Q4 Earnings
Portfolio Pulse from Benzinga Insights
Canadian Pacific Kansas (NYSE:CP) reported Q4 earnings with an EPS of $0.87, beating estimates by 3.57% against the expected $0.84. Revenue increased by $941 million from the previous year. The company had previously beaten EPS estimates last quarter, which resulted in a 0.09% share price increase the following day.
January 30, 2024 | 9:15 pm
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Canadian Pacific Kansas reported a positive earnings surprise with an EPS of $0.87, beating the estimate of $0.84, and a significant increase in year-over-year revenue.
Historically, a positive earnings report, especially one that beats estimates, tends to lead to a short-term increase in stock price. CP's history of beating earnings estimates and the subsequent stock price increase the following day suggests a similar pattern may occur. The significant revenue growth further strengthens the positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100