The most recent buying and selling session noticed Copa Holdings (CPA) ending at $97.30, denoting a -1.87% adjustment from its final day’s shut. The inventory trailed the S&P 500, which registered a each day lack of 1.86%. Elsewhere, the Dow misplaced 0.9%, whereas the tech-heavy Nasdaq misplaced 2.76%.
The holding firm for Panama’s nationwide airline’s inventory has climbed by 5.86% prior to now month, exceeding the Transportation sector’s lack of 2.01% and the S&P 500’s acquire of 1.01%.
The upcoming earnings launch of Copa Holdings will likely be of nice curiosity to traders. The corporate’s earnings report is anticipated on November 20, 2024. The corporate is anticipated to report EPS of $3.48, down 20.73% from the prior-year quarter. Our most up-to-date consensus estimate is looking for quarterly income of $860.34 million, down 0.85% from the year-ago interval.
For the total yr, the Zacks Consensus Estimates mission earnings of $14.62 per share and a income of $3.48 billion, demonstrating modifications of -12.92% and +0.66%, respectively, from the previous yr.
Moreover, traders ought to keep watch over any current revisions to analyst forecasts for Copa Holdings. These revisions usually mirror the most recent short-term enterprise developments, which might change regularly. In consequence, upbeat modifications in estimates point out analysts’ favorable outlook on the corporate’s enterprise well being and profitability.
Analysis signifies that these estimate revisions are immediately correlated with near-term share worth momentum. To take advantage of this, we have fashioned the Zacks Rank, a quantitative mannequin that features these estimate modifications and presents a viable ranking system.
The Zacks Rank system, starting from #1 (Robust Purchase) to #5 (Robust Promote), possesses a exceptional historical past of outdoing, externally audited, with #1 shares returning a mean annual acquire of +25% since 1988. Over the previous month, there’s been a 0.53% rise within the Zacks Consensus EPS estimate. Copa Holdings is at present a Zacks Rank #2 (Purchase).
With respect to valuation, Copa Holdings is at present being traded at a Ahead P/E ratio of 6.78. For comparability, its business has a mean Ahead P/E of 11.01, which implies Copa Holdings is buying and selling at a reduction to the group.
Additionally, we must always point out that CPA has a PEG ratio of 0.62. The PEG ratio is just like the widely-used P/E ratio, however this metric additionally takes the corporate’s anticipated earnings progress fee under consideration. By the top of yesterday’s buying and selling, the Transportation – Airline business had a mean PEG ratio of 0.92.
The Transportation – Airline business is a part of the Transportation sector. With its present Zacks Business Rank of 15, this business ranks within the high 6% of all industries, numbering over 250.
The Zacks Business Rank gauges the power of our business teams by measuring the typical Zacks Rank of the person shares inside the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Keep in mind to use Zacks.com to observe these and extra stock-moving metrics in the course of the upcoming buying and selling classes.
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Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
