Copa Holdings (CPA) closed at $102.04 within the newest buying and selling session, marking a +0.3% transfer from the prior day. This alteration lagged the S&P 500’s 0.4% acquire on the day. In the meantime, the Dow skilled an increase of 0.09%, and the technology-dominated Nasdaq noticed a rise of 0.63%.
Shares of the holding firm for Panama’s nationwide airline have appreciated by 10.89% over the course of the previous month, outperforming the Transportation sector’s acquire of 0.9% and the S&P 500’s acquire of three.76%.
The funding neighborhood can be paying shut consideration to the earnings efficiency of Copa Holdings in its upcoming launch. The corporate is slated to disclose its earnings on November 20, 2024. The corporate’s earnings per share (EPS) are projected to be $3.48, reflecting a 20.73% lower from the identical quarter final 12 months. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $860.34 million, down 0.85% from the year-ago interval.
When it comes to your entire fiscal 12 months, the Zacks Consensus Estimates predict earnings of $14.62 per share and a income of $3.48 billion, indicating adjustments of -12.92% and +0.66%, respectively, from the previous 12 months.
Traders may additionally discover current adjustments to analyst estimates for Copa Holdings. These current revisions are likely to replicate the evolving nature of short-term enterprise traits. Because of this, we are able to interpret constructive estimate revisions as a great signal for the corporate’s enterprise outlook.
Our analysis demonstrates that these changes in estimates immediately affiliate with imminent inventory value efficiency. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate adjustments into consideration and delivers a transparent, actionable score mannequin.
The Zacks Rank system ranges from #1 (Robust Purchase) to #5 (Robust Promote). It has a outstanding, outside-audited observe document of success, with #1 shares delivering a median annual return of +25% since 1988. Over the past 30 days, the Zacks Consensus EPS estimate has moved 0.58% larger. Proper now, Copa Holdings possesses a Zacks Rank of #3 (Maintain).
When it comes to valuation, Copa Holdings is presently being traded at a Ahead P/E ratio of 6.96. For comparability, its business has a median Ahead P/E of 10.76, which implies Copa Holdings is buying and selling at a reduction to the group.
It is usually value noting that CPA at the moment has a PEG ratio of 0.63. This standard metric is just like the widely-known P/E ratio, with the distinction being that the PEG ratio additionally takes into consideration the corporate’s anticipated earnings progress charge. The Transportation – Airline was holding a median PEG ratio of 0.92 at yesterday’s closing value.
The Transportation – Airline business is a part of the Transportation sector. This business, at the moment bearing a Zacks Trade Rank of 31, finds itself within the high 13% echelons of all 250+ industries.
The power of our particular person business teams is measured by the Zacks Trade Rank, which is calculated primarily based on the common Zacks Rank of the person shares inside these teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
You’ll want to observe all of those stock-moving metrics, and plenty of extra, on Zacks.com.
7 Greatest Shares for the Subsequent 30 Days
Simply launched: Specialists distill 7 elite shares from the present record of 220 Zacks Rank #1 Robust Buys. They deem these tickers “Most Doubtless for Early Worth Pops.”
Since 1988, the complete record has crushed the market greater than 2X over with a median acquire of +23.7% per 12 months. So make sure to give these hand picked 7 your speedy consideration.
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
