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Why Copa Holdings (CPA) Dipped More Than Broader Market Today
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In the latest trading session, Copa Holdings (CPA - Free Report) closed at $83.50, marking a -1.82% move from the previous day. This change lagged the S&P 500's 0.13% loss on the day. On the other hand, the Dow registered a loss of 0.03%, and the technology-centric Nasdaq decreased by 0.12%.
Shares of the holding company for Panama's national airline witnessed a loss of 14.94% over the previous month, trailing the performance of the Transportation sector with its loss of 7.23% and the S&P 500's loss of 5.53%.
Investors will be eagerly watching for the performance of Copa Holdings in its upcoming earnings disclosure. In that report, analysts expect Copa Holdings to post earnings of $3.62 per share. This would mark year-over-year growth of 24.4%. Meanwhile, the latest consensus estimate predicts the revenue to be $875.08 million, indicating an 8.11% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $14.62 per share and revenue of $3.45 billion, indicating changes of +77% and +16.28%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Copa Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.7% rise in the Zacks Consensus EPS estimate. As of now, Copa Holdings holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Copa Holdings is holding a Forward P/E ratio of 5.82. This indicates a discount in contrast to its industry's Forward P/E of 7.41.
We can additionally observe that CPA currently boasts a PEG ratio of 0.3. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Transportation - Airline industry was having an average PEG ratio of 0.3.
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 224, this industry ranks in the bottom 12% of all industries, numbering over 250.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Why Copa Holdings (CPA) Dipped More Than Broader Market Today
In the latest trading session, Copa Holdings (CPA - Free Report) closed at $83.50, marking a -1.82% move from the previous day. This change lagged the S&P 500's 0.13% loss on the day. On the other hand, the Dow registered a loss of 0.03%, and the technology-centric Nasdaq decreased by 0.12%.
Shares of the holding company for Panama's national airline witnessed a loss of 14.94% over the previous month, trailing the performance of the Transportation sector with its loss of 7.23% and the S&P 500's loss of 5.53%.
Investors will be eagerly watching for the performance of Copa Holdings in its upcoming earnings disclosure. In that report, analysts expect Copa Holdings to post earnings of $3.62 per share. This would mark year-over-year growth of 24.4%. Meanwhile, the latest consensus estimate predicts the revenue to be $875.08 million, indicating an 8.11% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $14.62 per share and revenue of $3.45 billion, indicating changes of +77% and +16.28%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Copa Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.7% rise in the Zacks Consensus EPS estimate. As of now, Copa Holdings holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Copa Holdings is holding a Forward P/E ratio of 5.82. This indicates a discount in contrast to its industry's Forward P/E of 7.41.
We can additionally observe that CPA currently boasts a PEG ratio of 0.3. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Transportation - Airline industry was having an average PEG ratio of 0.3.
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 224, this industry ranks in the bottom 12% of all industries, numbering over 250.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.