Copa Holdings (CPA) closed at $100.32 within the newest buying and selling session, marking a -0.52% transfer from the prior day. This modification lagged the S&P 500’s 0.03% loss on the day. Then again, the Dow registered a lack of 0.61%, and the technology-centric Nasdaq elevated by 0.56%.
The the inventory of holding firm for Panama’s nationwide airline has risen by 7.47% prior to now month, main the Transportation sector’s lack of 2.35% and the S&P 500’s achieve of 1.39%.
Analysts and traders alike might be retaining an in depth eye on the efficiency of Copa Holdings in its upcoming earnings disclosure. The corporate’s earnings report is about to go public on November 20, 2024. The corporate is predicted to report EPS of $3.48, down 20.73% from the prior-year quarter. Alongside, our most up-to-date consensus estimate is anticipating income of $860.34 million, indicating a 0.85% downward motion from the identical quarter final yr.
For the total yr, the Zacks Consensus Estimates are projecting earnings of $14.62 per share and income of $3.48 billion, which might symbolize modifications of -12.92% and +0.66%, respectively, from the prior yr.
Moreover, traders ought to control any latest revisions to analyst forecasts for Copa Holdings. Such latest modifications normally signify the altering panorama of near-term enterprise developments. As such, constructive estimate revisions mirror analyst optimism in regards to the firm’s enterprise and profitability.
Primarily based on our analysis, we imagine these estimate revisions are immediately associated to near-team inventory strikes. Traders can capitalize on this by utilizing the Zacks Rank. This mannequin considers these estimate modifications and gives a easy, actionable score system.
The Zacks Rank system ranges from #1 (Robust Purchase) to #5 (Robust Promote). It has a outstanding, outside-audited monitor document of success, with #1 shares delivering a mean annual return of +25% since 1988. Inside the previous 30 days, our consensus EPS projection has moved 0.53% increased. Copa Holdings is at present a Zacks Rank #2 (Purchase).
its valuation, Copa Holdings is holding a Ahead P/E ratio of 6.9. This represents a reduction in comparison with its business’s common Ahead P/E of 10.75.
It’s also value noting that CPA at present has a PEG ratio of 0.63. The PEG ratio bears resemblance to the regularly used P/E ratio, however this parameter additionally contains the corporate’s anticipated earnings development trajectory. Transportation – Airline shares are, on common, holding a PEG ratio of 0.88 based mostly on yesterday’s closing costs.
The Transportation – Airline business is a part of the Transportation sector. With its present Zacks Trade Rank of 15, this business ranks within the high 6% of all industries, numbering over 250.
The Zacks Trade Rank gauges the power of our particular person business teams by measuring the common Zacks Rank of the person shares throughout the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
You’ll find extra data on all of those metrics, and way more, on Zacks.com.
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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.
