In its upcoming report, Copa Holdings (CPA) is predicted by Wall Street analysts to post quarterly earnings of $4.40 per share, reflecting an increase of 10.3% compared to the same period last year. Revenues are forecasted to be $965.49 million, representing a year-over-year increase of 10.1%.
The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Copa Holdings metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Operating Revenues- Passenger revenue' stands at $917.02 million. The estimate points to a change of +10.1% from the year-ago quarter.
It is projected by analysts that the 'Load Factor' will reach 86.5%. The estimate is in contrast to the year-ago figure of 86.3%.
The combined assessment of analysts suggests that 'PRASM (Passenger revenue per ASM)' will likely reach N/A. The estimate is in contrast to the year-ago figure of N/A.
Based on the collective assessment of analysts, 'Yield' should arrive at N/A. The estimate compares to the year-ago value of N/A.
The collective assessment of analysts points to an estimated 'ASMs (Available seat miles)' of 8.53 billion. Compared to the present estimate, the company reported 7.75 billion in the same quarter last year.
The consensus among analysts is that 'CASM Excl. Fuel' will reach N/A. The estimate is in contrast to the year-ago figure of N/A.
Analysts forecast 'CASM' to reach N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
The average prediction of analysts places 'RPMs (Revenue passengers miles)' at 7.36 billion. Compared to the present estimate, the company reported 6.68 billion in the same quarter last year.
Analysts predict that the 'RASM' will reach N/A. The estimate compares to the year-ago value of N/A.
Analysts expect 'Fuel Gallons Consumed' to come in at 100 millions of gallons. Compared to the present estimate, the company reported 91 millions of gallons in the same quarter last year.
According to the collective judgment of analysts, 'Total Number of Aircraft' should come in at 124 . The estimate compares to the year-ago value of 112 .
Analysts' assessment points toward 'Operating Expense- Fuel' reaching $248.83 million.
View all Key Company Metrics for Copa Holdings here>>>
Shares of Copa Holdings have demonstrated returns of +17.7% over the past month compared to the Zacks S&P 500 composite's -0.2% change. With a Zacks Rank #3 (Hold), CPA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Copa Holdings, S.A. (CPA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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