Why Copa Holdings (CPA) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Copa Holdings has consistently beaten earnings estimates and is well-positioned for future earnings surprises, particularly in its upcoming quarterly report [1][5]. Earnings Performance - For the last reported quarter, Copa Holdings achieved earnings of $3.61 per share, exceeding the Zacks Consensus Estimate of $3.25 per share, resulting in a surprise of 11.08% [2]. - In the previous quarter, the company was expected to post earnings of $3.77 per share but delivered $4.28 per share, leading to a surprise of 13.53% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Copa Holdings, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for Copa Holdings is +1.93%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8]. Zacks Rank and Success Rate - The stock holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, indicates a high probability of beating consensus estimates, with historical data showing nearly 70% success in such cases [6][8].