Canadian Pacific Railway Q4 2023 Adj EPS $0.87 Misses $1.13 Estimate, Sales $2.77B Miss $3.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Canadian Pacific Railway (NYSE:CP) reported Q4 2023 earnings of $0.87 per share, missing the consensus estimate of $1.13 by 23.01%. Quarterly sales were $2.77B, falling short of the $3.69B estimate by 24.79%, but marking a 51.34% increase from the same period last year.
January 30, 2024 | 9:38 pm
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NEGATIVE IMPACT
Canadian Pacific Railway reported lower-than-expected Q4 earnings and sales, missing estimates significantly.
Missing both earnings and revenue estimates by significant margins is likely to have a negative impact on investor sentiment and could lead to a short-term decline in CP's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100