In a strong showing, Canadian Pacific Railway Ltd reported second-quarter earnings that exceeded expectations, revealing key insights into its operational efficiency and market performance.
On July 29, 2026, Canadian Pacific Railway Ltd (CP.TO) released its second-quarter earnings for the period ending June 30, 2026. The company reported earnings per share (EPS) of C$1.27, surpassing the analyst estimate of C$1.24 by 2.4%. This marks a notable achievement amidst a competitive landscape in the transportation sector.
Recent earnings trend
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Canadian Pacific Railway Ltd
CP.TO
CP.TO
Canadian Pacific Railway Ltd
WealthAwesomeMarket cap
$109.46B
P/E
29.0x
Div. yield
0.77%
Div. / share
$0.95
52W high
$131.89
52W low
$95.88
1W change
-3.59%
Beta
1.22
Analyst Price Targets
Based on analyst covering CP
Wall Street analysts forecast CP stock price to rise 11.9% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$139.32
+11.9% Upside
Current Price
C$124.52
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
19.9%
Annualized
90-Day Vol
22.2%
Annualized
Trend (90d)
+25.3%
Annualized drift
90d Mean
C$136.31
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$128.33 | C$119.81 – C$137.46 |
| 60 trading days | C$132.26 | C$120.01 – C$145.76 |
| 90 trading days | C$136.31 | C$121.02 – C$153.54 |
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 |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-28 | — | 1.3400 | — |
| 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% |
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Investor takeaway: Despite the earnings beat, CP's stock has seen a decline of 2.6% since the earnings release, highlighting investor caution amid rising operational costs and competitive pressures from peers like Union Pacific.
Bull case
The company showed solid revenue growth and operational improvements, with freight revenue up 13% year-over-year. The strong performance in the grain and automotive sectors suggests robust demand and pricing power moving forward.
Bear case
However, increased operating expenses, particularly a 53% rise in fuel costs, have pressured profit margins. With the competitive landscape and potential regulatory challenges, investors should stay alert about the company's ability to maintain its momentum.
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Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
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