Copa Holdings, S.A. (NYSE:CPA) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Daniel Tapia - Director-Investor Relations Pedro Heilbron - Chief Executive Officer Jose Montero - Chief Financial Officer Conference Call Participants Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Guilherme Mendes - JPMorgan Stephen Trent - Citi Joao Fritz - Goldman Sachs Michael Linenberg - Deutsche Bank Alberto Valerio - UBS Daniel McKenzie - Seaport Global Tom Fitzgerald - TD Cow ...

Copa Holdings, S.A. (CPA) second-quarter 2024 earnings per share of $2.88 surpassed the Zacks Consensus Estimate of $2.77 but declined 26.5% year over year. Revenues of $819.4 million lagged the Zacks Consensus Estimate of $841 million but rose 1.3% year over year on the back of upbeat passenger revenues. Passenger revenues (which contributed 95.4% to the top line) increased 1% from second-quarter 2023, owing to a 10.6% year-over-year increase in passenger traffic, partly offset by an 8.7% decrease in passe ...

Copa Holdings (CPA) reported $819.4 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 1.3%. EPS of $2.88 for the same period compares to $3.92 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $841.01 million, representing a surprise of -2.57%. The company delivered an EPS surprise of +3.97%, with the consensus EPS estimate being $2.77. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Copa Holdings (CPA) came out with quarterly earnings of $2.88 per share, beating the Zacks Consensus Estimate of $2.77 per share. This compares to earnings of $3.92 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.97%. A quarter ago, it was expected that this holding company for Panama's national airline would post earnings of $3.27 per share when it actually produced earnings of $4.19, delivering a surprise of 28.13%. Over ...

PANAMA CITY, Aug. 7, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the second quarter of 2024 (2Q24). 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 tables sect ...

Investors consider the aviation industry a relatively risky form of investment. This is due to a number of factors, including the fact that it requires a large amount of cash for operations, the industry is cyclical, with some parts of the year being better for passenger travel than others, and it is a very competitive market. The airline industry is also subject to issues regarding travel delays. On July 19, there was an IT outage in which CrowdStrike (NYSE:CRWD) was performing a mass software update. A fa ...

Thomas Barwick The global airline industry has struggled despite record-high travel trends and strong US consumer spending. The US Global Jets ETF (JETS) has underperformed the S&P 500 ETF (SPY) by more than 30 percentage points in the past year. It comes following rather poor execution among various airline management teams, evidenced by soft revenue per available seat mile (RASM) trends as reported by major players during the current reporting period. I have a buy rating, however, on shares of Copa Holdin ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 7. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Estimate Revisions Trend Earnings Whisper Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. Please no ...

Let's discuss the factors that are likely to have boosted the sector participants' second-quarter performance. Quite a few transportation stocks are likely to report earnings shortly. It is always a daunting task for investors to pick a winning basket of stocks with the potential to deliver better-than-expected earnings. Expeditors currently has an Earnings ESP of +2.22% and a Zacks Rank of 2. EXPD is slated to report secondquarter 2024 results on Aug 6. ZIM beat the Zacks Consensus Estimate in only one of ...

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 20.2%. Upbeat air travel demand is likely to have boosted CPA's top line. Passenger revenues, which account for the bulk of the top line, are likely to have increased in the to-be-reported quarter. Our estimate for passenger revenues is pegged at $840 million, up 8.5% compared with the second-quarter 2023 actuals. Meanwhile, estimates for revenue ...