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Compared to Estimates, Copa Holdings (CPA) Q4 Earnings: A Look at Key Metrics

By Zacks Equity Research | February 11, 2026, 7:30 PM

Copa Holdings (CPA) reported $962.89 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 9.8%. EPS of $4.18 for the same period compares to $3.99 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $967.63 million, representing a surprise of -0.49%. The company delivered an EPS surprise of -5.93%, with the consensus EPS estimate being $4.44.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Copa Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Load Factor: 86.4% compared to the 86.6% average estimate based on five analysts.
  • PRASM (Passenger revenue per ASM): 10.7 cents versus 10.76 cents estimated by four analysts on average.
  • Yield: 12.4 cents versus 12.46 cents estimated by four analysts on average.
  • Avg. Price Per Fuel Gallon: $2.50 versus the four-analyst average estimate of $2.49.
  • ASMs (Available seat miles): 8.51 billion versus 8.53 billion estimated by four analysts on average.
  • CASM Excl. Fuel: 5.9 cents compared to the 5.92 cents average estimate based on four analysts.
  • CASM: 8.8 cents versus 8.83 cents estimated by four analysts on average.
  • RPMs (Revenue passengers miles): 7.36 billion compared to the 7.37 billion average estimate based on four analysts.
  • RASM: 11.3 cents versus 11.36 cents estimated by four analysts on average.
  • Fuel Gallons Consumed: 98.60 Mgal versus the three-analyst average estimate of 99.70 Mgal.
  • Total Number of Aircraft: 125 versus 124 estimated by two analysts on average.
  • Operating Revenues- Passenger revenue: $913.62 million versus the five-analyst average estimate of $917.82 million. The reported number represents a year-over-year change of +9.7%.

View all Key Company Metrics for Copa Holdings here>>>

Shares of Copa Holdings have returned +17.8% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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