In its upcoming report, Canadian Pacific Kansas City (CP) is predicted by Wall Street analysts to post quarterly earnings of $0.78 per share, reflecting an increase of 5.4% compared to the same period last year. Revenues are forecasted to be $2.71 billion, representing a year-over-year increase of 2.7%.
The consensus EPS estimate for the quarter has been revised 2.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Canadian Pacific Kansas City metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Core adjusted operating ratio' will reach 62.8%. The estimate compares to the year-ago value of 62.5%.
It is projected by analysts that the 'Carloads - Total' will reach 1.09 million. Compared to the present estimate, the company reported 1.10 million in the same quarter last year.
The average prediction of analysts places 'Carloads - Automotive' at 52.24 thousand. The estimate compares to the year-ago value of 57.80 thousand.
Analysts forecast 'Revenue ton miles (RTMs) - Total' to reach 54.72 billion. Compared to the current estimate, the company reported 53.72 billion in the same quarter of the previous year.
Analysts expect 'Revenue ton-miles (RTMs) - Intermodal' to come in at 9.29 billion. The estimate is in contrast to the year-ago figure of 9.20 billion.
The combined assessment of analysts suggests that 'Carloads - Grain' will likely reach 148.14 thousand. The estimate is in contrast to the year-ago figure of 133.70 thousand.
The collective assessment of analysts points to an estimated 'Carloads - Coal' of 114.26 thousand. The estimate is in contrast to the year-ago figure of 118.40 thousand.
According to the collective judgment of analysts, 'Carloads - Potash' should come in at 47.77 thousand. Compared to the present estimate, the company reported 39.80 thousand in the same quarter last year.
The consensus estimate for 'Carloads - Fertilizers and sulphur' stands at 16.87 thousand. The estimate compares to the year-ago value of 17.80 thousand.
Based on the collective assessment of analysts, 'Carloads - Forest products' should arrive at 30.93 thousand. The estimate compares to the year-ago value of 34.80 thousand.
Analysts' assessment points toward 'Carloads - Energy, chemicals and plastics' reaching 131.84 thousand. Compared to the current estimate, the company reported 142.50 thousand in the same quarter of the previous year.
The consensus among analysts is that 'Carloads - Metals, minerals and consumer products' will reach 114.52 thousand. The estimate is in contrast to the year-ago figure of 124.40 thousand.
View all Key Company Metrics for Canadian Pacific Kansas City here>>>Canadian Pacific Kansas City shares have witnessed a change of +9% in the past month, in contrast to the Zacks S&P 500 composite's +8.1% move. With a Zacks Rank #3 (Hold), CP is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Canadian Pacific Kansas City Limited (CP): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).