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In the latest trading session, Copa Holdings (CPA) closed at $95.53, marking a -0.46% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.33%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.53%.
Shares of the holding company for Panama's national airline witnessed a gain of 2.48% over the previous month, beating the performance of the Transportation sector with its loss of 3.94% and the S&P 500's loss of 4.03%.
Analysts and investors alike will be keeping a close eye on the performance of Copa Holdings in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.78, showcasing a 9.79% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $892.3 million, indicating a 0.13% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.60 per share and revenue of $3.64 billion. These totals would mark changes of +7.14% and +5.63%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Copa Holdings. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 moved 0.79% higher. Copa Holdings is currently a Zacks Rank #3 (Hold).
Digging into valuation, Copa Holdings currently has a Forward P/E ratio of 6.15. This denotes a discount relative to the industry's average Forward P/E of 8.72.
It is also worth noting that CPA currently has a PEG ratio of 0.84. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Transportation - Airline industry currently had an average PEG ratio of 0.65 as of yesterday's close.