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Copa Holdings (CPA) Rises Higher Than Market: Key Facts
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Copa Holdings (CPA - Free Report) closed at $120.90 in the latest trading session, marking a +1.78% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.18%. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq gained 1.96%.
Shares of the holding company for Panama's national airline have appreciated by 4.17% over the course of the past month, underperforming the Transportation sector's gain of 4.95%, and outperforming the S&P 500's gain of 3.93%.
The upcoming earnings release of Copa Holdings will be of great interest to investors. In that report, analysts expect Copa Holdings to post earnings of $4.36 per share. This would mark year-over-year growth of 1.87%. Simultaneously, our latest consensus estimate expects the revenue to be $1.03 billion, showing a 14.53% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $13.68 per share and a revenue of $4.18 billion, representing changes of -15.97% and +15.49%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Copa Holdings. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection has moved 23.88% lower. Copa Holdings presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Copa Holdings is currently trading at a Forward P/E ratio of 8.69. For comparison, its industry has an average Forward P/E of 11.28, which means Copa Holdings is trading at a discount to the group.
It is also worth noting that CPA currently has a PEG ratio of 1.06. 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. By the end of yesterday's trading, the Transportation - Airline industry had an average PEG ratio of 0.59.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 22% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Copa Holdings (CPA) Rises Higher Than Market: Key Facts
Copa Holdings (CPA - Free Report) closed at $120.90 in the latest trading session, marking a +1.78% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.18%. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq gained 1.96%.
Shares of the holding company for Panama's national airline have appreciated by 4.17% over the course of the past month, underperforming the Transportation sector's gain of 4.95%, and outperforming the S&P 500's gain of 3.93%.
The upcoming earnings release of Copa Holdings will be of great interest to investors. In that report, analysts expect Copa Holdings to post earnings of $4.36 per share. This would mark year-over-year growth of 1.87%. Simultaneously, our latest consensus estimate expects the revenue to be $1.03 billion, showing a 14.53% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $13.68 per share and a revenue of $4.18 billion, representing changes of -15.97% and +15.49%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Copa Holdings. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection has moved 23.88% lower. Copa Holdings presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Copa Holdings is currently trading at a Forward P/E ratio of 8.69. For comparison, its industry has an average Forward P/E of 11.28, which means Copa Holdings is trading at a discount to the group.
It is also worth noting that CPA currently has a PEG ratio of 1.06. 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. By the end of yesterday's trading, the Transportation - Airline industry had an average PEG ratio of 0.59.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 22% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.