Gear Up for Copa Holdings (CPA) Q3 Earnings: Wall Street Estimates for Key Metrics

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].