Canadian Pacific Railway (CP) Tops Q4 EPS by 64c, Beats on Revenues; Offers FY18 EPS Guidance Above Consensus

Canadian Pacific Railway (NYSE: CP) reported Q4 EPS of $3.22, $0.64 better than the analyst estimate of $2.58. Revenue for the quarter came in at $1.71 billion versus the consensus estimate of $1.37 billion.

2018 FULL-YEAR GUIDANCE

"With a 2018 plan that balances strategic growth with continued productivity improvement, CP expects revenue growth in the mid-single digits and adjusted diluted EPS growth to be in the low double-digits," said Creel. "I have never been more excited about the potential for CP as we write the next chapter in our compelling story, one focused on sustainable, profitable growth."

CP's expectations for adjusted diluted EPS growth in 2018 are based on adjusted diluted EPS of $11.39 in 2017. CP assumes the Canadian-to-U.S. dollar exchange rate will be in the range of 1.25 to 1.30 and expects an effective tax rate of 24.5 to 25 percent. As CP continues to invest in service, productivity and safety, the company plans to invest between $1.35 billion to $1.5 billion in capital programs in 2018.

GUIDANCE:

Canadian Pacific Railway sees FY2018 EPS of $11.39, versus the consensus of $10.53.

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

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