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Copa Holdings (CPA) ended the recent trading session at $87.56, demonstrating a -0.65% swing from the preceding day's closing price. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq added 0.12%.
Shares of the holding company for Panama's national airline have depreciated by 15.08% over the course of the past month, underperforming the Transportation sector's loss of 3.29% and the S&P 500's gain of 1.27%.
Investors will be eagerly watching for the performance of Copa Holdings in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.91, reflecting a 12.53% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $883.98 million, reflecting a 3.59% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $14.48 per share and revenue of $3.45 billion, indicating changes of -13.76% and -0.27%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Copa Holdings. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.91% lower within the past month. At present, Copa Holdings boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Copa Holdings is currently exchanging hands at a Forward P/E ratio of 6.09. This indicates a discount in contrast to its industry's Forward P/E of 10.49.
Investors should also note that CPA has a PEG ratio of 0.69 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Transportation - Airline industry held an average PEG ratio of 1.15.
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 27, placing it within the top 11% of over 250 industries.