Canada's CPKC Q1 revenue falls 2%, misses estimates

Canadian Pacific Kansas City

29/04/2026 21:53

Overview

Canada freight railway's Q1 revenue fell 2% and missed analyst expectations

Core adjusted diluted EPS for Q1 down 2%, missing analyst expectations

Company repurchased C$646 mln in shares during the quarter

Outlook

CPKC says it remains confident in its ability to deliver on full-year guidance

Company notes ongoing market and macroeconomic headwinds impacting current conditions

Company says it remains focused on controlling what it can control in a dynamic economic environment

Result Drivers

VOLUME GROWTH - Co said volumes rose 2% in the qtr, as measured by Revenue Ton-Miles, despite market and macroeconomic headwinds

MARKET HEADWINDS - Co said ongoing market and macroeconomic headwinds, including foreign-exchange and fuel price changes, weighed on results

Company press release: ID:nPn4vrYrja

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
C$3.70 bln
C$3.76 bln (17 Analysts)
Q1 Adjusted EPS
Miss
C$1.04
C$1.07 (21 Analysts)
Q1 Net Income
C$845 mln
Q1 Basic EPS
C$0.94
Q1 Operating Income
C$1.26 bln
Q1 Pretax Profit
C$1.12 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the ground freight & logistics peer group is "buy"

Wall Street's median 12-month price target for Canadian Pacific Kansas City Ltd is C$125.00, about 5.4% above its April 28 closing price of C$118.64

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)