Canadian Pacific Railway Ltd's latest earnings report showed solid performance, exceeding analyst expectations and highlighting growth in key sectors.
On July 29, 2026, Canadian Pacific Railway Ltd (CP.TO) announced its Q2 earnings, reporting an EPS of $1.27, which beat analysts' expectations of $1.24 by 2.42%. This result highlights the company's resilience in a competitive rail industry.
Recent earnings trend
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Canadian Pacific Railway Ltd
CP.TO
CP.TO
Canadian Pacific Railway Ltd
WealthAwesomeMarket cap
$113.95B
P/E
28.7x
Div. yield
0.70%
Div. / share
$0.91
52W high
$131.89
52W low
$95.88
1W change
-5.19%
Beta
1.22
Analyst Price Targets
Based on analyst covering CP
Wall Street analysts forecast CP stock price to rise 9.4% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$134.84
+9.4% Upside
Current Price
C$123.31
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CP's historical volatility
30-Day Vol
19.8%
Annualized
90-Day Vol
22.2%
Annualized
Trend (90d)
+33.7%
Annualized drift
90d Mean
C$139.07
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$128.35 | C$119.88 – C$137.43 |
| 60 trading days | C$133.60 | C$121.30 – C$147.15 |
| 90 trading days | C$139.07 | C$123.55 – C$156.53 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 14 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-29 | 1.2700 | 1.2400 | +2.4% |
| 2026-03-31 | 2026-04-29 | 1.0400 | 1.0700 | -2.8% |
| 2025-12-31 | 2026-01-28 | 1.3300 | 1.3500 | -1.5% |
| 2025-09-30 | 2025-10-29 | 1.1000 | 1.1100 | -0.9% |
| 2025-06-30 | 2025-07-30 | 1.1200 | 1.1300 | -0.9% |
| 2025-03-31 | 2025-04-30 | 1.0600 | 1.0500 | +1.0% |
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Investor takeaway: With a strong earnings beat and record revenue growth, Canadian Pacific Railway Ltd shows impressive operational efficiency and strategic positioning in the North American rail market. However, rising fuel costs and competitive pressures are important factors to watch.
Q2 Earnings Beat Estimates by 2.4%
The EPS of $1.27, compared to the estimate of $1.24, reflects a positive trend in earnings growth, especially considering the previous quarter's performance.
Bull case
The company reported record freight revenues, which rose 13% year-over-year, thanks to strong performance in the grain, energy, chemicals, and automotive sectors. Additionally, the recent appointment of a new board chair could lead to strategic changes that enhance long-term value.
Bear case
Despite the earnings beat, rising fuel expenses and a decline in coal revenues present significant risks. The competitive landscape is also tightening due to ongoing merger activities among rival rail companies, which could impact market share and pricing.
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