With much of 3Q15 all squared away, we are making some minor adjustments to carloads, revenues and expenses before CP’s quarterly earnings release (scheduled for October 20, 2015). The result of these adjustments is a decrease in our DCF–NAV of 4% to $218.75 per share. For 3Q15, we expect EPS of $2.65/share (consensus $2.67). We maintain our Outperform ranking. Despite weaker markets, Canadian Pacific has stuck to the game plan for 3Q15 by following through with its commitment to issue new debt ....
23 Sep 2015
Decreased FY2015e and FY2016e Revenue Outlook; 12 MTP $220/share (prev. $225/share)
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Decreased FY2015e and FY2016e Revenue Outlook; 12 MTP $220/share (prev. $225/share)
Canadian Pacific Kansas City Limited (CP:TSE) | 0 0 1.0% | Mkt Cap: 33,360m
- Published:
23 Sep 2015 -
Author:
Steven I. Paget -
Pages:
6
With much of 3Q15 all squared away, we are making some minor adjustments to carloads, revenues and expenses before CP’s quarterly earnings release (scheduled for October 20, 2015). The result of these adjustments is a decrease in our DCF–NAV of 4% to $218.75 per share. For 3Q15, we expect EPS of $2.65/share (consensus $2.67). We maintain our Outperform ranking. Despite weaker markets, Canadian Pacific has stuck to the game plan for 3Q15 by following through with its commitment to issue new debt ....