Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Canadian Pacific Railway Limited    CP   CA13645T1003

CANADIAN PACIFIC RAILWAY LIMITED

(CP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Canadian National quarterly profit misses estimates

10/20/2020 | 04:32pm EST
Railcars stand idle at the CN railyards in Edmonton

(Reuters) - Canadian National Railway Co on Tuesday missed analysts' estimates for third-quarter profit on Tuesday due to lower crude shipment during the COVID-19 pandemic.

Rail operators, which moved record-high Canadian oil volumes at the beginning of the year, witnessed a plunge in crude volumes as energy companies cut production in the face of falling demand due to coronavirus-driven lockdowns.

The company's operating ratio, a closely watched measure of operating expenses as a percentage of revenue, rose to 59.9% from 57.9%.

However, grain and fertilizers carloads, the amount of freight loaded into cars during a specified period, rose 12% in the quarter as reduced shipment of crude and consumer goods has freed up railway space, boosting movement of grains.

Smaller rival Canadian Pacific Railway Ltd earlier in the day missed Wall Street estimates as shipments declined during the pandemic.

On an adjusted basis, Canadian National earned C$1.38 per share, missing analysts' average estimates of C$1.46, according to IBES data from Refinitiv.

Net income fell to C$985 million ($750.36 million), or C$1.38 per share, in the quarter ended Sept. 30 from C$1.20 billion, or C$1.66 per share, a year earlier.

Revenue fell 11% to C$3.41 billion.

($1 = 1.3127 Canadian dollars)

(Reporting by Shreyasee Raj in Bengaluru; Editing by Devika Syamnath)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN NATIONAL RAILWAY COMPANY 1.05% 144.14 Delayed Quote.21.23%
CANADIAN PACIFIC RAILWAY LIMITED -1.46% 424.07 Delayed Quote.31.51%
LONDON BRENT OIL 1.34% 48.52 Delayed Quote.-31.62%
WTI 1.66% 45.5 Delayed Quote.-30.81%
All news about CANADIAN PACIFIC RAILWAY LIMITED
11:09aCANADIAN PACIFIC RAILWAY : CP executives to address virtual conferences in Decem..
AQ
11/19TCI FUND MANAGEMENT LIMITED : Announces Submission of Climate Change Shareholder..
PR
11/18North American Rail Traffic Rose 4.4% in Week Ended Nov. 14
DJ
11/17WILLIAM ACKMAN : As Ackman hunts blockbuster deal, he counts on big backers
RE
11/17As Ackman hunts blockbuster deal, he counts on big backers
RE
11/16CANADIAN PACIFIC RAILWAY : CP recognized for leadership in sustainability, named..
AQ
11/13CANADIAN PACIFIC RAILWAY : Serena Ryder, The Trews to headline star-studded CP '..
AQ
11/11North American Rail Traffic Rose 0.8% in Week Ended Nov. 7
DJ
11/10CANADIAN PACIFIC RAILWAY : Anonymous Video Analytics' Future Uncertain After Can..
AQ
11/04North American Rail Traffic Rose 2.1% in Week Ended Oct. 31
DJ
More news
Financials
Sales 2020 7 735 M 5 951 M 5 951 M
Net income 2020 2 301 M 1 770 M 1 770 M
Net Debt 2020 9 235 M 7 105 M 7 105 M
P/E ratio 2020 25,0x
Yield 2020 0,83%
Capitalization 57 880 M 44 419 M 44 532 M
EV / Sales 2020 8,68x
EV / Sales 2021 8,06x
Nbr of Employees 12 166
Free-Float 100,0%
Chart CANADIAN PACIFIC RAILWAY LIMITED
Duration : Period :
Canadian Pacific Railway Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CANADIAN PACIFIC RAILWAY LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 438,15 CAD
Last Close Price 424,07 CAD
Spread / Highest target 19,3%
Spread / Average Target 3,32%
Spread / Lowest Target -24,5%
EPS Revisions
Managers
NameTitle
Keith Edward Creel President, Chief Executive Officer & Director
Isabelle Courville Chairman
Mark Redd Executive Vice President-Operations
Nadeem S. Velani Chief Financial Officer & Executive Vice President
Michael John Redeker Chief Information Officer & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
CANADIAN PACIFIC RAILWAY LIMITED31.51%44 210
UNION PACIFIC12.50%137 058
CANADIAN NATIONAL RAILWAY COMPANY21.23%77 378
NORFOLK SOUTHERN CORPORATION24.04%61 680
KANSAS CITY SOUTHERN21.60%17 432
C.H. ROBINSON WORLDWIDE, INC.17.86%12 530