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Copa Holdings (CPA) Falls More Steeply Than Broader Market: What Investors Need to Know
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Copa Holdings (CPA - Free Report) closed the most recent trading day at $110.91, moving -2.66% from the previous trading session. This move lagged the S&P 500's daily loss of 1.67%. On the other hand, the Dow registered a loss of 1.73%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the holding company for Panama's national airline witnessed a loss of 23.03% over the previous month, trailing the performance of the Transportation sector with its loss of 10.14%, and the S&P 500's loss of 6.15%.
Analysts and investors alike will be keeping a close eye on the performance of Copa Holdings in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $4.54, reflecting a 6.07% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.03 billion, showing a 14.24% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $16.01 per share and revenue of $4.1 billion. These totals would mark changes of -1.66% and +13.34%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Copa Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 14.26% lower. Currently, Copa Holdings is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Copa Holdings is currently exchanging hands at a Forward P/E ratio of 7.12. This expresses a discount compared to the average Forward P/E of 8.59 of its industry.
It is also worth noting that CPA currently has a PEG ratio of 0.87. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.44 based on yesterday's closing prices.
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 59, placing it within the top 25% of over 250 industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Copa Holdings (CPA) Falls More Steeply Than Broader Market: What Investors Need to Know
Copa Holdings (CPA - Free Report) closed the most recent trading day at $110.91, moving -2.66% from the previous trading session. This move lagged the S&P 500's daily loss of 1.67%. On the other hand, the Dow registered a loss of 1.73%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the holding company for Panama's national airline witnessed a loss of 23.03% over the previous month, trailing the performance of the Transportation sector with its loss of 10.14%, and the S&P 500's loss of 6.15%.
Analysts and investors alike will be keeping a close eye on the performance of Copa Holdings in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $4.54, reflecting a 6.07% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.03 billion, showing a 14.24% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $16.01 per share and revenue of $4.1 billion. These totals would mark changes of -1.66% and +13.34%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Copa Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 14.26% lower. Currently, Copa Holdings is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Copa Holdings is currently exchanging hands at a Forward P/E ratio of 7.12. This expresses a discount compared to the average Forward P/E of 8.59 of its industry.
It is also worth noting that CPA currently has a PEG ratio of 0.87. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.44 based on yesterday's closing prices.
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 59, placing it within the top 25% of over 250 industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.