Copa Holdings, S.A. (CPA) performed well in the past year and has the potential to sustain the momentum in the future. If you have not taken advantage of its share price appreciation yet, it’s time to do so.Let’s take a look at the factors that make the stock a strong investment pick at the moment.An Outperformer: A glimpse at the company’s price trend reveals that its shares have gained 15.1% in the past three months.Image Source: Zacks Investment ResearchSolid Zacks Rank: CPA presently carries a Zacks Ran ...

Core Viewpoint - Copa Holdings (CPA) is expected to report quarterly earnings of $3.48 per share, reflecting a 20.7% decline year-over-year, with revenues projected at $860.34 million, a decrease of 0.9% compared to the previous year [1]. Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [2]. Key Metrics Analysis - Analysts estimate 'Operating Revenues- Passenger revenue' at $837.97 million, indicating a 0.6% increase from the prior-year quarter [4]. - The consensus estimate for 'Load factor' is 86.8%, down from 87.8% in the same quarter last year [4]. - 'Available seat miles' are projected to reach 7.75 billion, up from 7.11 billion year-over-year [4]. Cost and Revenue Projections - 'CASM excluding fuel' is expected to be 5.73 cents, slightly lower than the 5.8 cents reported in the same quarter last year [5]. - The average prediction for 'Avg. Price per Fuel Gallon' is $2.58, down from $3 in the previous year [5]. Additional Metrics - 'Revenue Passenger miles' are anticipated to be 6.74 billion, an increase from 6.24 billion year-over-year [6]. - The consensus for 'CASM' is 8.76 cents, down from 9.3 cents in the same quarter last year [6]. - Analysts expect 'RASM' to reach 11.10 cents, compared to 12.2 cents reported in the same quarter last year [6]. Yield and Consumption Estimates - 'Yield' is forecasted at 12.23 cents, down from 13.4 cents year-over-year [7]. - 'Passenger revenue per ASM' is expected to be 10.66 cents, compared to 11.7 cents in the previous year [7]. - 'Fuel Gallons Consumed' is projected at 91.15 million gallons, up from 83.9 million gallons in the same quarter last year [7]. Aircraft and Market Performance - The total number of aircraft is estimated to be 112, an increase from 103 year-over-year [8]. - Over the past month, shares of Copa Holdings have returned +2%, outperforming the Zacks S&P 500 composite's +1.6% change [8]. - Currently, CPA holds a Zacks Rank 2 (Buy), indicating potential outperformance in the near future [8].

Core Insights - Copa Holdings, S.A. (CPA) reported an increase in revenue passenger miles in October 2024, driven by strong air-travel demand [1] - Ryanair Holdings (RYAAY) also experienced significant traffic growth, with 18.3 million passengers transported in October 2024, reflecting a 7% year-over-year increase [4] Copa Holdings (CPA) - Revenue passenger miles increased by 6.5% year-over-year in October 2024 [2] - Available seat miles rose by 6.6% year-over-year, but the load factor decreased to 87.4% from 87.6% in October 2023 [2] - CPA currently holds a Zacks Rank 2 (Buy) and has seen a 10.6% share price increase over the past three months [6] Ryanair Holdings (RYAAY) - The load factor for Ryanair remained flat at 93% year-over-year, indicating stable passenger demand [4] - Ryanair expects an 8% growth in traffic for fiscal 2025, contingent on no worsening of Boeing delivery delays [5] Other Transportation Stocks - C.H. Robinson Worldwide (CHRW) and Expeditors International of Washington, Inc. (EXPD) are also top-ranked stocks in the transportation sector, both carrying a Zacks Rank 2 [8] - CHRW has an expected earnings growth rate of 32.42% for 2024, with shares gaining 26.2% this year [9] - EXPD has an expected earnings growth rate of 5.79% for 2024, with shares increasing by 58.5% this year [10]

Copa Holdings (CPA) is scheduled to report third-quarter 2024 results on Nov. 20 after market close.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Copa Holdings has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 7.3%.The Zacks Consensus Estimate for CPA’s soon-to-be-reported quarter’s earnings has been revised upward by 1.5% in the past 60 days to $3.48 per share. Meanwhile, the Zacks C ...

PANAMA CITY, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for October 2024: Operating DataOctober 2024October 2023% ChangeCopa Holdings (Consolidated)   ASM (mm) (1)2,557.42,398.46.6%RPM (mm) (2)2,235.52,099.86.5%Load Factor (3)87.4 %87.6 %-0.1p.p. Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown.Revenue passenger miles - represents the number of miles flown by re ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Copa Holdings (CPA) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 20, 2024, might help the stock move higher if these key numbers are better than ...

Copa Holdings (CPA) closed the latest trading day at $97.89, indicating a +0.09% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.74% for the day.Heading into today, shares of the holding company for Panama's national airline had gained 4.1% over the past month, lagging the Transportation sector's gain of 4.71% and outpacing the S&P 500's gain of 3.16% in that time.Analysts and investors alike will be keeping a close eye on the performance of Copa Hol ...

Copa Holdings (CPA) closed the last trading session at $97.80, gaining 4.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $148.64 indicates a 52% upside potential.The mean estimate comprises 11 short-term price targets with a standard deviation of $14.50. While the lowest estimate of $130 indicates a 32.9% increase from the current price level, the most optimistic analyst expects ...

Copa Holdings (CPA) closed at $100.32 in the latest trading session, marking a -0.52% move from the prior day. This change lagged the S&P 500's 0.03% loss on the day. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq increased by 0.56%. The the stock of holding company for Panama's national airline has risen by 7.47% in the past month, leading the Transportation sector's loss of 2.35% and the S&P 500's gain of 1.39%. Analysts and investors alike will be keeping a close ...

Delta Air Lines (DAL) kicked off the third-quarter 2024 earnings season for the airline industry on Oct. 10, 2024. This Atlanta-based carrier reported lower-than-expected earnings per share but higher-than-anticipated revenues despite being affected by the global technology outage on July 19. Revenues of $15.68 billion increased 1.2% on a year-over-year basis, driven by strong air travel demand. The increased demand also aided the results of United Airlines (UAL) ). The company reported third-quarter 2024 n ...