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Copa Holdings (CPA) Gains As Market Dips: What You Should Know
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In the latest trading session, Copa Holdings (CPA - Free Report) closed at $91.56, marking a +1.37% move from the previous day. This change outpaced the S&P 500's 0.04% loss on the day. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 2.14%.
Heading into today, shares of the holding company for Panama's national airline had lost 2.2% over the past month, lagging the Transportation sector's gain of 0.21% and the S&P 500's gain of 5.1% in that time.
Copa Holdings will be looking to display strength as it nears its next earnings release, which is expected to be May 10, 2023. In that report, analysts expect Copa Holdings to post earnings of $3.03 per share. This would mark year-over-year growth of 332.86%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $821.58 million, up 43.74% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $11.92 per share and revenue of $3.36 billion, which would represent changes of +44.31% and +13.16%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Copa Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.67% higher. Copa Holdings currently has a Zacks Rank of #2 (Buy).
Investors should also note Copa Holdings's current valuation metrics, including its Forward P/E ratio of 7.58. For comparison, its industry has an average Forward P/E of 9.79, which means Copa Holdings is trading at a discount to the group.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Copa Holdings (CPA) Gains As Market Dips: What You Should Know
In the latest trading session, Copa Holdings (CPA - Free Report) closed at $91.56, marking a +1.37% move from the previous day. This change outpaced the S&P 500's 0.04% loss on the day. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 2.14%.
Heading into today, shares of the holding company for Panama's national airline had lost 2.2% over the past month, lagging the Transportation sector's gain of 0.21% and the S&P 500's gain of 5.1% in that time.
Copa Holdings will be looking to display strength as it nears its next earnings release, which is expected to be May 10, 2023. In that report, analysts expect Copa Holdings to post earnings of $3.03 per share. This would mark year-over-year growth of 332.86%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $821.58 million, up 43.74% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $11.92 per share and revenue of $3.36 billion, which would represent changes of +44.31% and +13.16%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Copa Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.67% higher. Copa Holdings currently has a Zacks Rank of #2 (Buy).
Investors should also note Copa Holdings's current valuation metrics, including its Forward P/E ratio of 7.58. For comparison, its industry has an average Forward P/E of 9.79, which means Copa Holdings is trading at a discount to the group.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.