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Copa Holdings (CPA) Rises Higher Than Market: Key Facts
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In the latest close session, Copa Holdings (CPA - Free Report) was up +2.17% at $133.91. The stock's performance was ahead of the S&P 500's daily gain of 0.33%. Elsewhere, the Dow saw an upswing of 1.08%, while the tech-heavy Nasdaq appreciated by 0.08%.
Heading into today, shares of the holding company for Panama's national airline had gained 2.23% over the past month, outpacing the Transportation sector's loss of 3.13% and the S&P 500's gain of 1.41%.
The investment community will be paying close attention to the earnings performance of Copa Holdings in its upcoming release. The company's upcoming EPS is projected at $3.97, signifying a 5.48% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.17 billion, indicating a 28.48% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $15.22 per share and a revenue of $4.48 billion, representing changes of -6.51% and +23.84%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Copa Holdings. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Copa Holdings boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Copa Holdings is presently being traded at a Forward P/E ratio of 8.61. This denotes a discount relative to the industry average Forward P/E of 11.82.
It is also worth noting that CPA currently has a PEG ratio of 1.22. 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 1.02 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 234, this industry ranks in the bottom 5% of all industries, numbering over 250.
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.
To follow CPA in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Copa Holdings (CPA) Rises Higher Than Market: Key Facts
In the latest close session, Copa Holdings (CPA - Free Report) was up +2.17% at $133.91. The stock's performance was ahead of the S&P 500's daily gain of 0.33%. Elsewhere, the Dow saw an upswing of 1.08%, while the tech-heavy Nasdaq appreciated by 0.08%.
Heading into today, shares of the holding company for Panama's national airline had gained 2.23% over the past month, outpacing the Transportation sector's loss of 3.13% and the S&P 500's gain of 1.41%.
The investment community will be paying close attention to the earnings performance of Copa Holdings in its upcoming release. The company's upcoming EPS is projected at $3.97, signifying a 5.48% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.17 billion, indicating a 28.48% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $15.22 per share and a revenue of $4.48 billion, representing changes of -6.51% and +23.84%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Copa Holdings. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Copa Holdings boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Copa Holdings is presently being traded at a Forward P/E ratio of 8.61. This denotes a discount relative to the industry average Forward P/E of 11.82.
It is also worth noting that CPA currently has a PEG ratio of 1.22. 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 1.02 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 234, this industry ranks in the bottom 5% of all industries, numbering over 250.
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.
To follow CPA in the coming trading sessions, be sure to utilize Zacks.com.