Copa Holdings(US:CPA) ZACKSยท2024-11-21 00:30Financial 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]