Canadian Pacific sees FY13 non-GAAP EPS up 40% versus FY12 Sees FY13 revenue growth to be in the high single digits, operating ratio to be in the low 70s and diluted EPS to be up in excess of 40%t versus 2012's diluted EPS excluding significant items of $4.34. Guidance was issued this morning with the company's Q4 results.
Rail estimates need to come down further, says Citi Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).