Tue Sep 17 05:43:44 UTC 2024: ## Canadian Pacific Kansas City Earnings Outlook Upgraded by National Bank Financial

**New York, NY** – Canadian Pacific Kansas City Limited (NYSE:CP) saw its FY2024 earnings per share (EPS) estimates boosted by National Bank Financial in a recent note to investors. Analyst C. Doerksen now expects the transportation company to achieve $3.17 EPS for the year, up from their previous forecast of $3.13. This surpasses the current consensus estimate of $3.10 EPS.

National Bank Financial also projected FY2025 earnings at $3.77 EPS for Canadian Pacific Kansas City.

The company’s recent earnings report, released on July 30th, showed a strong performance with $1.05 EPS for the quarter, exceeding the consensus estimate of $0.74 by $0.31. Revenue for the quarter reached $3.60 billion, compared to the estimated $3.58 billion, representing a 13.5% year-over-year increase.

Canadian Pacific Kansas City, operating a transcontinental freight railway across North America, continues to demonstrate resilience in the transportation sector. The company’s robust performance and optimistic outlook have attracted the attention of several large investors, including LRI Investments LLC, Chris Bulman Inc, ORG Partners LLC, Tobam, and Ashton Thomas Private Wealth LLC. Institutional investors currently hold 72.20% of the company’s stock.

Canadian Pacific Kansas City shares opened at $87.28 on Monday, with a market cap of $81.44 billion. The company’s stock performance and recent positive developments suggest continued growth and strong performance for the foreseeable future.

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