Copa Holdings, S.A. (CPA) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CPA's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typic ...

Financial Performance - Copa Holdings reported revenue of $854.71 million for the quarter ended September 2024, a year-over-year decline of 1.5% [1] - The EPS for the same period was $3.50, down from $4.39 a year ago, with an EPS surprise of +0.57% compared to the consensus estimate of $3.48 [1][3] - Operating revenues from passenger revenue were $818.38 million, representing a year-over-year change of -1.8% [3] Key Metrics - Load factor was 86.2%, slightly below the average estimate of 86.8% [3] - Passenger revenue per ASM was 10.5 cents, compared to the average estimate of 10.66 cents [3] - Available seat miles totaled 7.79 billion, exceeding the average estimate of 7.75 billion [3] - Revenue passenger miles were 6.71 billion, slightly below the average estimate of 6.74 billion [3] - RASM was reported at 11 cents, compared to the average estimate of 11.1 cents [3] - Yield was 12.2 cents, slightly below the estimated 12.23 cents [3] - CASM excluding fuel was 5.7 cents, compared to the average estimate of 5.73 cents [3] - CASM was reported at 8.7 cents, below the average estimate of 8.76 cents [3] - Average price per fuel gallon was $2.60, slightly above the average estimate of $2.58 [3] - Fuel gallons consumed were 91.3 million, exceeding the average estimate of 91.15 million [3] - The total number of aircraft was 110, below the average estimate of 112 [3] Stock Performance - Shares of Copa Holdings have returned +8.2% over the past month, outperforming the Zacks S&P 500 composite's +1% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]

Copa Holdings (CPA) came 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 year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.57%. A quarter ago, it was expected that this holding company for Panama's national airline would post earnings of $2.77 per share when it actually produced earnings of $2.88, delivering a surprise of 3.97%.Over the ...

PANAMA CITY, Panama, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the third quarter of 2024 (3Q24). The terms “Copa Holdings” and the “Company” refer to the consolidated entity. The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial ...

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 ...