Canadian Pacific Railway (CP) Tops Q4 EPS by 32c

Canadian Pacific Railway (NYSE: CP) reported Q4 EPS of Cdn$4.55, Cdn$0.32 better than the analyst estimate of Cdn$4.23. Revenue for the quarter came in at Cdn$2 billion versus the consensus estimate of Cdn$1.94 billion.

FULL-YEAR 2019 GUIDANCE

• Double-digit adjusted diluted EPS growth versus 2018 adjusted diluted EPS of $14.51
• Mid-single digit volume growth, as measured in revenue ton miles
• Capital expenditures of $1.6 billion

CP's guidance is based on the following key assumptions:

• U.S.-to-Canadian dollar exchange rate of approximately 1.30
• Effective tax rate of 25.5 to 26 percent
• Other components of net periodic benefit recovery to increase by $11 million versus 2018
• No material land sales

"Each day I look at our team of railroaders and I am proud to be their CEO," Creel said. "We are entering 2019 with tremendous momentum and a commitment to operating the precision scheduled railroading model in its true form."

For earnings history and earnings-related data on Canadian Pacific Railway (CP) click here.

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