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Copa Holdings (CPA) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, Copa Holdings (CPA - Free Report) closed at $131.07, marking a -1.98% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.77% for the day. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.
Prior to today's trading, shares of the holding company for Panama's national airline had gained 3.26% outpaced the Transportation sector's loss of 7.07% and the S&P 500's gain of 0.96%.
The investment community will be paying close attention to the earnings performance of Copa Holdings in its upcoming release. The company is predicted to post an EPS of $3.98, indicating a 5.24% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.17 billion, up 28.48% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.22 per share and a revenue of $4.48 billion, indicating changes of -6.51% and +23.84%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Copa Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.85% lower. Copa Holdings is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Copa Holdings has a Forward P/E ratio of 8.78 right now. Its industry sports an average Forward P/E of 11.73, so one might conclude that Copa Holdings is trading at a discount comparatively.
We can additionally observe that CPA currently boasts a PEG ratio of 1.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.92 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 228, placing it within the bottom 8% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Copa Holdings (CPA) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Copa Holdings (CPA - Free Report) closed at $131.07, marking a -1.98% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.77% for the day. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.
Prior to today's trading, shares of the holding company for Panama's national airline had gained 3.26% outpaced the Transportation sector's loss of 7.07% and the S&P 500's gain of 0.96%.
The investment community will be paying close attention to the earnings performance of Copa Holdings in its upcoming release. The company is predicted to post an EPS of $3.98, indicating a 5.24% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.17 billion, up 28.48% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.22 per share and a revenue of $4.48 billion, indicating changes of -6.51% and +23.84%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Copa Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.85% lower. Copa Holdings is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Copa Holdings has a Forward P/E ratio of 8.78 right now. Its industry sports an average Forward P/E of 11.73, so one might conclude that Copa Holdings is trading at a discount comparatively.
We can additionally observe that CPA currently boasts a PEG ratio of 1.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.92 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 228, placing it within the bottom 8% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.