Copa Holdings (CPA) got here out with quarterly earnings of $3.50 per share, beating the Zacks Consensus Estimate of $3.48 per share. This compares to earnings of $4.39 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 0.57%. 1 / 4 in the past, it was anticipated that this holding firm for Panama’s nationwide airline would submit earnings of $2.77 per share when it really produced earnings of $2.88, delivering a shock of three.97%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
Copa Holdings
The sustainability of the inventory’s instant value motion based mostly on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
Copa Holdings shares have added about 0.9% because the starting of the yr versus the S&P 500’s achieve of 24.1%.
What’s Subsequent for Copa Holdings?
Whereas Copa Holdings has underperformed the market thus far this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a formidable observe file of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Copa Holdings: favorable. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $4.24 on $910.69 million in revenues for the approaching quarter and $14.65 on $3.48 billion in revenues for the present fiscal yr.
Traders must be aware of the truth that the outlook for the trade can have a fabric influence on the efficiency of the inventory as properly. When it comes to the Zacks Business Rank, Transportation – Airline is presently within the prime 7% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the broader Zacks Transportation sector, FedEx (FDX), is but to report outcomes for the quarter ended November 2024. The outcomes are anticipated to be launched on December 19.
This bundle supply firm is anticipated to submit quarterly earnings of $3.88 per share in its upcoming report, which represents a year-over-year change of -2.8%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
FedEx’s revenues are anticipated to be $22.19 billion, up 0.1% from the year-ago quarter.
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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.
