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Why Copa Holdings (CPA) Could Be Positioned for a Surge?

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Copa Holdings SA (CPA - Free Report) is an airline company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CPA’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Copa Holdings could be a solid choice for investors.

Current Quarter Estimates for CPA

In the past 30 days, 2 estimates have gone higher for Copa Holdings with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates increasing from 87 cents a share 30 days ago, to $1.11 today, a move of 27.6%.

Current Year Estimates for CPA

Meanwhile, Copa Holdings’ current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from $3.79 per share 30 days ago to $4.25 per share today, an increase of 12.1%.

COPA HLDGS SA-A Price and Consensus

 

COPA HLDGS SA-A Price and Consensus | COPA HLDGS SA-A Quote

Bottom Line

The stock has also started to move higher lately, adding 24.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

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