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Copa Holdings (CPA) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, Copa Holdings (CPA - Free Report) closed at $114.59, marking a -2.82% move from the previous day. This change lagged the S&P 500's daily gain of 0.11%. Elsewhere, the Dow saw a downswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.18%.
The holding company for Panama's national airline's stock has dropped by 10.81% in the past month, falling short of the Transportation sector's loss of 7.8% and the S&P 500's loss of 4.28%.
Investors will be eagerly watching for the performance of Copa Holdings in its upcoming earnings disclosure. The company is predicted to post an EPS of $4.54, indicating a 6.07% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.03 billion, up 14.24% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $15.63 per share and revenue of $4.11 billion, indicating changes of -3.99% and +13.64%, respectively, compared to the previous 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 15.53% lower. Copa Holdings is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Copa Holdings is holding a Forward P/E ratio of 7.55. This valuation marks a discount compared to its industry average Forward P/E of 9.08.
Also, we should mention that CPA has a PEG ratio of 0.92. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Airline was holding an average PEG ratio of 0.46 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, Copa Holdings (CPA - Free Report) closed at $114.59, marking a -2.82% move from the previous day. This change lagged the S&P 500's daily gain of 0.11%. Elsewhere, the Dow saw a downswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.18%.
The holding company for Panama's national airline's stock has dropped by 10.81% in the past month, falling short of the Transportation sector's loss of 7.8% and the S&P 500's loss of 4.28%.
Investors will be eagerly watching for the performance of Copa Holdings in its upcoming earnings disclosure. The company is predicted to post an EPS of $4.54, indicating a 6.07% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.03 billion, up 14.24% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $15.63 per share and revenue of $4.11 billion, indicating changes of -3.99% and +13.64%, respectively, compared to the previous 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 15.53% lower. Copa Holdings is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Copa Holdings is holding a Forward P/E ratio of 7.55. This valuation marks a discount compared to its industry average Forward P/E of 9.08.
Also, we should mention that CPA has a PEG ratio of 0.92. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Airline was holding an average PEG ratio of 0.46 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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.