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Copa Holdings (CPA) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Copa Holdings (CPA - Free Report) closed the most recent trading day at $108.98, moving -1.59% from the previous trading session. This change lagged the S&P 500's daily loss of 1.51%. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.01%.
The stock of holding company for Panama's national airline has fallen by 20.53% in the past month, lagging the Transportation sector's loss of 10.25% and the S&P 500's loss of 3.63%.
The investment community will be paying close attention to the earnings performance of Copa Holdings in its upcoming release. The company is forecasted to report an EPS of $4.61, showcasing a 7.71% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.03 billion, indicating a 14.2% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $16.63 per share and a revenue of $4.09 billion, signifying shifts of +2.15% and +12.93%, respectively, from the last year.
Any recent changes to analyst estimates for Copa Holdings should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection has moved 9.63% lower. Copa Holdings currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Copa Holdings is presently being traded at a Forward P/E ratio of 6.66. This expresses a discount compared to the average Forward P/E of 8.2 of its industry.
We can also see that CPA currently has a PEG ratio of 0.81. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Transportation - Airline industry was having an average PEG ratio of 0.44.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 21% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Copa Holdings (CPA) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Copa Holdings (CPA - Free Report) closed the most recent trading day at $108.98, moving -1.59% from the previous trading session. This change lagged the S&P 500's daily loss of 1.51%. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.01%.
The stock of holding company for Panama's national airline has fallen by 20.53% in the past month, lagging the Transportation sector's loss of 10.25% and the S&P 500's loss of 3.63%.
The investment community will be paying close attention to the earnings performance of Copa Holdings in its upcoming release. The company is forecasted to report an EPS of $4.61, showcasing a 7.71% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.03 billion, indicating a 14.2% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $16.63 per share and a revenue of $4.09 billion, signifying shifts of +2.15% and +12.93%, respectively, from the last year.
Any recent changes to analyst estimates for Copa Holdings should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection has moved 9.63% lower. Copa Holdings currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Copa Holdings is presently being traded at a Forward P/E ratio of 6.66. This expresses a discount compared to the average Forward P/E of 8.2 of its industry.
We can also see that CPA currently has a PEG ratio of 0.81. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Transportation - Airline industry was having an average PEG ratio of 0.44.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 21% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.