Canadian Pacific Railway (CP) Tops Q1 EPS by 14c

Canadian Pacific Railway (NYSE: CP) reported Q1 EPS of Cdn$4.48, Cdn$0.14 better than the analyst estimate of Cdn$4.34. Revenue for the quarter came in at Cdn$1.96 billion versus the consensus estimate of Cdn$1.99 billion.

Full-year 2021 guidance:

Double-digit adjusted diluted EPS growth relative to 2020's adjusted diluted EPS of $17.67
High-single digit volume growth, as measured in RTMs
Capital expenditures of $1.55 billion

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

Effective tax rate of 24.6 percent
Other components of net periodic benefit recovery will increase by approximately $40 million versus 2020

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

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