Canadian Pacific Higher Ahead of Earnings

Published on Wednesday, 25 January 2012 10:52 Written by Christopher Lynn

New York, January 25th (TradersHuddle.com) - Shares of Canadian Pacific Railway Limited (NYSE:CP) are trading higher by +0.70% ahead of its quarterly earnings release. Canadian Pacific, the Class 1 transcontinental railway is expected to release its quarterly results on January 26^th.

Wall Street Analysts consensus calls for a profit of $1.09 a share on $1.38 billion revenue.

Canadian Pacific estimates have a range of $0.3 a share. The high estimate calls for profit of $1.16 a share and the low estimate is calling for a profit of $0.86 a share, a year ago for the quarter the company reported $1.11 a share.

Canadian Pacific Railway Limited (NYSE:CP) is a Class 1 transcontinental railway, providing freight and intermodal services over a network in Canada and the United States. Its mainline network serves major Canadian ports and cities from Montreal to Vancouver, and key centers in the United States Midwest and Northeast.

Other companies on the watch on this earnings event are Kansas City Southern NYSE:KSU and Union Pacific Corporation NYSE:UNP.